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In this video, Paul Vojchehoske introduces the Real Estate Classroom YouTube channel and discusses the concept of a deed of trust, also known as a trust deed. He emphasizes the connection between a deed of trust, a promissory note, and a mortgage, recommending viewers watch his previous video on promissory notes and mortgages for better understanding. A link to that video is provided for easy access. Paul prepares to explain the details of deeds of trust further in the video.