Definition: Express or understood authorization for one person to act for another. Pronunciation: ā-jən(t)-sē Used in a Sentence: An agency relationship was created when Sue signed a contract with a broker to sell ..
Definition: One who is authorized to act on behalf of another. Pronunciation: ā-jənt Used in a Sentence: You should hire a real estate agent to help you sell ..
Definition: As defined in Chapter 475, F.S. property consisting of more than 10 acres, zoned as such. Pronunciation: a-gri-ˈkəl-ch(ə-)rə Used in a Sentence: The 100-acre farm was zoned as agricultural..
Definition: A property right to the space above a surface area or object. Pronunciation: Used in a Sentence: The air rights above the property near the airport was limited due to aircraft in..
Definition: a conveyance of property from one person to another. Pronunciation: ˌā-lē-ə-ˈnā-shən Used in a Sentence: The sale of property under a contract consummated by the delivery of a deed is a voluntary a..
Definition: The resulting increase to land by the gradual addition of matter (as by the deposit of sand or mud) that then belongs to the owner of the land to which it is added. Pronunciation: ə-ˈlü-vē-ən Used in a Sentence: The nonstop rains were threatening to create an alluvion of huge pr..
Definition: A loan that is characterized by making regular payments over a long period of time. Pronunciation: a-mər-ˌtīz-ed mȯr-gij Used in a Sentence: The buyer preferred an amortized mortgage because the payments stayed the same for the life of..
Definition: Recurring each year; the date an insurance policy must be renewed to remain in effect. Pronunciation: a-nə-ˈvərs-rē Used in a Sentence: The anniversary date of our insurance policy is..
Definition: The amount of money required each year for the payment of all mortgage principal and interest. Pronunciation: an-yə(-wə)l, -yü-ə det Used in a Sentence: The annual debt service is used by lenders to determine the amount they will loan a potent..
Definition: The total yearly cost of credit. Pronunciation: an-yə(-wə)l, -yü-ə pər-ˈsen-tij Used in a Sentence: The annual percentage rate for a 30yr mortg..