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Paul Vojchehoske from the Real Estate Classroom discusses the concept of a deed of trust in this video. He emphasizes the importance of understanding the relationship between a promissory note, mortgage, and deed of trust. Viewers are encouraged to watch a previous video on promissory notes and mortgages before delving into this topic. A deed of trust, sometimes referred to as a trust deed, plays a crucial role in real estate transactions. Watch the video to learn more about deeds of trust.