Definition: the practice of representing either the buyer or the seller but not both in the same transaction Pronunciation: Used in a Sentence: The broker worked as a single agent for the person who wanted to sell th..
Category : S
Definition: a document that indicates the improvement details for a project of greater-than-average size Pronunciation: \ˈsīt\\ˈplan\ Used in a Sentence: Site plan approval falls under the authority of the city planning c..
Definition: the preferences by people for a certain location Pronunciation: \ˈsī-təs\ Used in a..
Definition: a method of owning a business in which one person owns the entire business Pronunciation: \ˈsōl\ \prə-ˈprī-ə-tər-ship\ Used in a Sentence: A sole proprietorship is frequently used in real estate ..
Definition: one authorized by a principal to perform a particular act or transaction, without contemplation of continuity of service as with a general agent Pronunciation: Used in a Sentence: A real estate broker is ordinarily a special agent appointed by the seller to find a buyer for a particular..
Definition: taxes levied against properties to pay for all, or part of, improvements that will benefit the properties being assessed Pronunciation: \ˈspe-shəl\ \ə-ˈses-mənt\ Used in a Sentence: The homeowners were issued a special assessment to help pay for the cost of new sewer lines being installed in the ..
Definition: permission to build or use property in apparent conflict with existing zoning laws Pronunciation: \ˈspe-shəl\ \ik-ˈsep-shən\ Used in a Sentence: The dentist’s office was granted a special exception to be located in an area near a large mobile home ..
Definition: a lien or charge against a specified parcel of property, such as a mortgage, an attachment , or a mechanic’s lien Pronunciation: \spi-ˈsi-fik\\ˈlēn\ Used in a Sentence: When the builder failed to pay the plumber for the work done, the plumber filed a specific lien against the..
Definition: a remedy for an injured party obtained through a court of equity, which compels a party to carry out the terms of a contract Pronunciation: \spi-ˈsi-fik\ \pə(r)-ˈfȯr-mən(t)s\ Used in a Sentence: If awards of money damages do not afford sufficient relief, the wronged party may sue for specific performance to have the courts force the other ..
Definition: tax required on all deeds or other documents used as conveyances, charge is based on total purchase price Pronunciation: Used in a Sentence: The state documentary tax stamp on deeds is a one-time tax and is based on the purchase price of the..