A trustee is an individual or organization appointed to manage assets or property on behalf of a third party, often as part of a trust agreement. In the context of real estate or loan transactions, a trustee holds the title to a property in trust for the benefit of the lender until the borrower has fulfilled their repayment obligations. Trustees play a key role in ensuring that the terms of the trust or loan are carried out fairly and according to legal requirements, acting impartially for the benefit of all involved parties.