A: Trust, entrustment and agency systems are very similar and can all be applied to property management. However, there are great differences among trust, entrustment and agency. These differences are as follows: First, the conditions for establishment are different. To set up a trust, you must have certain trust property. If there is no legal property that can be used to set up a trust, the trust relationship cannot be established. However, the principal-agent relationship is not necessarily based on the existence of property. Secondly, it is different in whose name to act. In the trust relationship, the trustee acts in his own name, while in the general principal-agent relationship, the trustee and the agent act in the names of the principal and the principal. Third, the nature of property is different. In the trust relationship, the trust property is independent of the trustee's own property and other properties of the trustor, and the trustor, the trustee or the creditor of the beneficiary may not claim rights to the trust property. However, in the principal-agent relationship, the principal and the principal's creditors can claim rights to the entrusted property.