Definition: a method of pooling investment money using the trust from of ownership Pronunciation: Used in a Sentence: The real estate investments in a REIT are primarily office buildings, apartment buildings, and shoppin..
Definition: a profession requiring knowledge of real estate values, experience in dealing with the public, plus exceptional personal integrity and character as qualifications to act as advisors and agents for member of the public Pronunciation: \prə-ˈfe-shən\ Used in a Sentence: People in the real estate profession provide specialized service for others in return for com..
Definition: a state-regulated account to cover claims of aggrieved parties who have suffered monetary losses from a licensee’s actions Pronunciation: Used in a Sentence: The FREC ordered payment from the Real Estate Recovery Fund to the..
Definition: real estate activities involving compensation for performing the activities for another Pronunciation: Used in a Sentence: I employed the real estate services of an area broker to sell..
Definition: any interest or estate in land, including leaseholds, subleaseholds, business opportunities and enterprises, and mineral rights; real estate Pronunciation: Used in a Sentence: The law treats real property and personal property di..
Definition: a real estate broker who is a member of a local board of REALTORS® and is affiliated with the state association (Florida REALTORS®) and the National Association of REALTORS® Pronunciation: \ˈrē(-ə)l-tər, -ˌtȯr\ Used in a Sentence: Our broker was able to use the REALTOR® designation since he was a memb..
Definition: land and everything permanently affixed thereto Pronunciation: \ˈrē(-ə)l-tē\ Used in a Sentence: Real estate and real property are also terms f..
Definition: a fair length of time that may be allowed or required for an act to be completed, considering the nature of the act and the surrounding circumstances Pronunciation: Used in a Sentence: A lender’s decision to exercise a due-on-sale clause must be made within a reasonable time after the event that triggers t..
Definition: an independent party appointed by a court to hold in trust and administer property under litigation Pronunciation: \ri-ˈsē-vər\ Used in a Sentence: A receiver was appointed by the court when the building owner filed for bankrupt..
Definition: a provision in a mortgage, related to income-producing property, that is designed to require that income derived shall be used to make mortgage payments in the event the borrower defaults. Pronunciation: \ri-ˈsē-vər-ˌship\ \ˈklȯz\ Used in a Sentence: The receivership clause in the mortgage allowed the bank to continue to receive payments from the property even ..