Dictionary

Documentary Tax Stamps (doc Stamps)

Definition:  A state tax imposed on the transfer or conveyance of realty or any realty interest by means of deed, lease, sublease, assignment or similar instrument. Pronunciation:    \ˈdä-kyə-men-tə-rē\ Used...

Customer

Definition:  One with whom the broker or sales associate hopes to be successful in achieving the purpose of employment.  Per Section 475.01, F.S., a member of the public who is or...

Curable Depreciation

Definition: When the correction of a defect results in as much added value as the cost to correct the defect. Pronunciation:   \ˈkyu̇r-ə-bəl\ \di-ˌprē-shē-ˈā-shən\ Used in a Sentence:   The repair of the cracked...

Culpable Negligence

Definition: Insufficient attention to duties and responsibilities by those who know, or should know, what is required of them. Pronunciation:   \ˈkəl-pə-bəl\ \ˈne-gli-jən(t)s\ Used in a Sentence:   The broker was charged with culpable...

Cul-de-sac

Definition:   A street that is designed to connect to another street at only one end with a circular turnaround at the other end. Pronunciation:   \ˈkəl-di-ˌsak, ˈku̇l-; ˌkəl-di-ˈ, ˌku̇l-\ Used in...

Creditor

Definition:   A lender; a person or business entity to whom a debt is owed. Pronunciation:   \ˈkre-di-tər, -ˌtȯr\ Used in a Sentence:   She owed thousands of dollars to the creditor.