Dictionary

Consumer Member

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 consumer member for the...

Constructive Notice

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 deed was recorded it...

Construction Lien

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...

Consideration

Definition: Incentive offered to conclude a contract. Pronunciation: \kən-ˌsi-də-ˈrā-shən\ Used in a Sentence:   The builder was offering free upgrades in consideration for closing on a new house.

Conforming Loan

Definition: A standardized conventional loan written on uniform documents that meets the purchase requirements of Fannie Mae and Freddie Mac. Pronunciation: \kən-ˈfȯrm\ Used in a Sentence:   We were able to obtain a...

Conflicting Demands

Definition: When different parties each make claims that are not in agreement with one another. Pronunciation:   \ˈkän-ˈflik-tiŋ\\di-ˈmands\ Used in a Sentence:   The broker notified the FREC of the conflicting demands between...