Dictionary

Definition:  Judge-made law established in decrees and judgement of the courts (case law), as opposed to statutory law. Pronunciation:  \ˈkä-mən\ Used in a Sentence:    The judge applied the common...

Definition: The parts of a multiple-ownership property not included in each unit; those parts in which each unit owner holds an undivided interest. Pronunciation: \ˈkä-mən\\ˈel-ə-mənt-s\ Used in a ...

Definition: A percentage of the money received paid to a broker and/or sales associate for successfully concluding a real estate transaction. Pronunciation: \kə-ˈmi-shən\ Used in a Sentence:   The ...

Definition: To combine money or a deposit with personal funds. Pronunciation: \kə-ˈmiŋ-gəl, kä-\ Used in a Sentence:   It is against FREC regulations to commingle earnest money and personal funds.

Definition: A classification of real estate that includes income-producing properties such as shopping centers, gas stations, office buildings, restaurants and parking lots. Usually, must be zoned ...

Definition: A condition in which ownership of real property appears to be good but actually is not good due to a defect. Pronunciation: Used in a Sentence:  The sale of the property did not go thro...

Definition: Secret agreement or cooperation, especially for an illegal or deceitful purpose Pronunciation: \kə-ˈlü-zhən\ Used in a Sentence: The company was acting in collusion with manufacturers t...

Definition: Real or personal property pledged as security on a debt. Pronunciation: \kə-ˈla-t(ə-)rəl\ Used in a Sentence:  The adjoining property was pledged as collateral for the debt.

Definition: Any defect, valid claim, or encumbrance that serves to weaken the title or restrict an owner’s rights. Pronunciation: Used in a Sentence:   The title search revealed there is a cloud on...