Under California law, a trust deed:
A: Transfers equitable title to the beneficiary;
B: Encumbers the real property designated in the deed of trust;
C: Designates only two parties to the agreement: the trustor and the trustee;
D: Automatically reconveys the property to the trustor when the loan has been paid off.
Answer: B: Encumbers the real property designated in the deed of trust;
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