Episode Details

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: * Distinction between a promissory note and a security instrument in real estate financing. * Georgia security deed principles where the borrower transfers legal title to the lender. * How equitable title preserves the borrower's rights of occupancy and possession. * Non-judicial foreclosure mechanics enabled by a contractual power-of-sale clause. * Deed cancellation procedures that reconvey full legal title back to the borrower upon payoff. For independent practice questions and additional study tools, visit https://open-exam-prep.com/practice/ga-real-estate and subscribe on YouTube at https://www.youtube.com/@Open-exam-prep . Sources checked: September 14, 2026 * Georgia Real Estate Commission: https://grec.state.ga.us/ * Rules and Regulations of the State of Georgia (520-1): https://rules.sos.ga.gov/gac/520-1 * Consumer Financial Protection Bureau: https://www.consumerfinance.gov/