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In this tutorial, Joe from Prep Agent discusses the concept of a trustee, which varies in relevance across different states. He emphasizes the importance of understanding the roles involved in a trust deed, which includes three parties: the trustor, the trustee, and the beneficiary. The trustor is an individual seeking to purchase a house but lacks sufficient funds, prompting them to seek a loan from a bank. The tutorial aims to clarify the roles and practical implications of trustees, advising viewers to check local regulations to determine the necessity of understanding this concept in their state.
