Definition: A document given subject to the writing of a formal contract for sale, usually acknowledging receipt of a portion of the down payment for the purchase of real property. Pronunciation: \ˈbīn-dər\ Used in a Sentence: The agent delivered the binder deposit to t..
Definition: One debt instrument covering two or more parcels. Pronunciation: \ˈblaŋ-kət\\ˈmȯr-gij\ Used in a Sentence: The buyer took out a blanket mortgage to pay for the two adjoining parcel..
Definition: An advertisement that provides only a telephone number, a PO box, and/or an address without the licensed name of the brokerage firm. Pronunciation: \ˈblīnd\\ˌad-vər-ˈtīz-mənt; əd-ˈvər-təz-mənt, -tə-smənt\ Used in a Sentence: We could not tell who the agent for the property was because it was a blind adve..
Definition: Profiteering by inducing property owners to sell hastily and often at a loss by appeals to fears of depressed property values because of threatened minority encroachment and then reselling at inflated prices. Pronunciation: \ˈbläk-ˌbəs-tiŋ\ Used in a Sentence: The use of blockbusting tactics to encourage owners to sell property i..
Definition: Made in good faith without fraud or deceit. Pronunciation: \ˈbō-nə-ˌfīd, ˈbä-; ˌbō-nə-ˈfī-dē, -ˈfī-də\ Used in a Sentence: The buyer made a bona fide offer on the..
Definition: Money or other property that is not like-kind, which is given to make up any difference in value or equity between exchanged properties. Pronunciation: \ˈbüt\ Used in a Sentence: Because the value of the two properties was not equal, they used a boot to make up the d..
Definition: One who gives a mortgage as security for a debt; the mortgagor. Also called a debtor Pronunciation: \ˈbär-(ˌ)ō-ə-wər\ Used in a Sentence: The borrower signed the note as promise to repay..
Definition: A business location other than the primary place of business. Pronunciation: \ˈbranch\ Used in a Sentence: We decided to meet at the branch office because it w..
Definition: Failure to do or perform what has been promised. Pronunciation: \ˈbrēch\ Used in a Sentence: By signing a contract for sale in the name of the buyer without the buyer’s permission or knowledge, the agent was fined for breach..
Definition: A person or business entity licensed by the DBPR to perform services of real estate for others for compensation. Pronunciation: \ˈbrō-kər\ Used in a Sentence: The broker provided excellent information about the area we were looking to pu..