Dictionary

Administrative Law

Definition: The body of law created by administrative agencies in the form of rules, regulations, orders and decisions. Pronunciation: əd-ˈmi-nə-ˌstrā-tiv Used in a Sentence:  Administrative law prohibits agents from misrepresenting a property....

Administrative Complaint

Definition: A summary of allegations of facts and charges against a licensee. Pronunciation:  əd-ˈmi-nə-ˌstrā-tiv    kəm-ˈplānt Used in a Sentence:   An administrative complaint was filed against the agent due to a breach...

Adjusted Basis

Definition:  An owner’s original cost of a property plus buying expenses plus capital improvements. Pronunciation: ə-ˈjəst-ed Used in a Sentence:    The adjusted basis of the property calculated out to be...

Adjustable Rate Mortgage (arm)

Definition:  A mortgage that typically has a lower rate than a fixed rate mortgage to start, but can be adjusted periodically by the lender. Pronunciation: \ə-ˈjəs-tə-bəl, mȯr-gij Used in a Sentence:   The...

Adjudication

Definition:  A judicial or court decision. Pronunciation: ə-ˌjü-di-ˈkā-shən Used in a Sentence:  The court withheld adjudication of guilt for the defendant.

Address Of Record

Definition:   The last known mailing address or email address of a person. Pronunciation:   ə-ˈdres, a- also ˈa-ˌdres Used in a Sentence:   Please get the address of record for the buyer....