Dictionary

Definition: A financing method allowing a change from an adjustable-rate to a fixed-rate mortgage. Pronunciation:   \kən-ˈvər-tə-bəl\ \ˈmȯr-gij\ Used in a Sentence:   We were able to change to a f...

Definition:   Unauthorized use or withholding of money or property that rightfully belongs to another person. Pronunciation:   \kən-ˈvər-zhən, -shən\ Used in a Sentence:   The broker was charged wi...

Definition:  A real estate loan that is neither FHA- insured or VA-guaranteed. Pronunciation:   \kən-ˈvench-nəl, -ˈven(t)-shə-nəl\  \ˈlōn\ Used in a Sentence:    We were able to purchase our house ...

Definition: A financing method wherein the seller agrees to deliver the deed at some future date and the buyer takes possession while paying the contracted amount.  Also called a land contract, ins...

Definition: An agreement between two or more competent parties to do, or not do, a specified legal act for a legal consideration. Pronunciation:  \ˈkän-ˌtrakt\ Used in a Sentence:   Both the buyer ...

Definition:   A measurement of average price changes of goods and services during a base period. Pronunciation:   \kən-ˈsü-mər\ \ˈprīs\ \ˈin-ˌdeks\ Used in a Sentence:   The Consumer Price Index is...

Definition:  A non-licensed  member of the Florida Real Estate Commission. Pronunciation:  \kən-ˈsü-mər\ \ˈmem-bər\ Used in a Sentence:   In addition to her job as a teacher, Sue was also a consume...

Definition:   The recording of an instrument or document in the public records designed to give sufficient notice to all. Pronunciation: \kən-ˈstrək-tiv\ \ˈnō-təs\ Used in a Sentence:   Once the de...

Definition:  A claim based on the principle of “unjust enrichment”; supports parties who have performed labor or delivered materials or supplies for the repair or building of an improvement to real...