Dictionary

Binder

Tampa School of Real Estate

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\...

Binder

Tampa School of Real Estate

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\...

Bilateral Contract

Tampa School of Real Estate

Definition: An agreement in which both parties are legally obligated to each other to perform. Pronunciation: \(ˌ)bī-ˈla-t(ə-)rəl\ Used in a Sentence:   Once an offer was accepted, the seller was obligated to complete...

Bilateral Contract

Tampa School of Real Estate

Definition: An agreement in which both parties are legally obligated to each other to perform. Pronunciation: \(ˌ)bī-ˈla-t(ə-)rəl\ Used in a Sentence:   Once an offer was accepted, the seller was obligated to complete...

Biennium (biennial)

Tampa School of Real Estate

Definition: A two-year period. Pronunciation: \bī-ˈe-nē-əm\ Used in a Sentence:  A real estate license has a biennial renewal period.

Biennium (biennial)

Tampa School of Real Estate

Definition: A two-year period. Pronunciation: \bī-ˈe-nē-əm\ Used in a Sentence:  A real estate license has a biennial renewal period.

Before-tax Cash Flow

Tampa School of Real Estate

Definition: The resulting amount when annual debt service is subtracted from net operating income.  Also called gross spendable income or cash throw off. Pronunciation: Used in a Sentence:  Our before-tax cash...

Before-tax Cash Flow

Tampa School of Real Estate

Definition: The resulting amount when annual debt service is subtracted from net operating income.  Also called gross spendable income or cash throw off. Pronunciation: Used in a Sentence:  Our before-tax cash...

Base Line

Tampa School of Real Estate

Definition: Imaginary lines running east and west and crossing a principal meridian at a definite point; used by surveyors for reference in locating and describing land under the government survey system....

Base Line

Tampa School of Real Estate

Definition: Imaginary lines running east and west and crossing a principal meridian at a definite point; used by surveyors for reference in locating and describing land under the government survey system....

Base Industry

Tampa School of Real Estate

Definition: Businesses that attract outside money into the area. Pronunciation:\ˈbās ˈin-(ˌ)dəs-trē\ Used in a Sentence:   The Orlando area  has a large number of base industries that attract tourists to the area....

Base Industry

Tampa School of Real Estate

Definition: Businesses that attract outside money into the area. Pronunciation:\ˈbās ˈin-(ˌ)dəs-trē\ Used in a Sentence:   The Orlando area  has a large number of base industries that attract tourists to the area....