Dictionary

Definition: The final settlement between the buyer and seller; date on which title passes from seller to buyer. Pronunciation: \ˈklō-ziŋ\ Used in a Sentence:  The closing date is set for March 15.

Definition: The Civil Rights Act of 1866 is a United States federal law that prohibits any type of discrimination based on race in any real estate transaction (sale or rental), without exception. P...

Definition: Statements of alleged violations and the penalties to be imposed. Pronunciation: \sī-ˈtā-shən\ Used in a Sentence: He received a citation for not notifying the DBPR of his change of add...

Definition: A square measuring 24 miles on each side and denoting the largest unit of measure in the government survey system. Pronunciation: \ˈchek\ Used in a Sentence:   There are 16 townships in...

Definition: Any item of personal property. Pronunciation: \ˈcha-təl\ Used in a Sentence: She packed up all her chattels and moved to a new state.

Definition: A sequential listing of all previous holders of title back to an acceptable starting point. Pronunciation: Used in a Sentence:   The chain of title showed there were no outstanding lien...

Definition: Executed by an attorney who has studied the abstract of title, it will list any defects or clouds on the title and includes the attorney’s opinion of whether the seller has a marketable...

Definition: An occupancy permit issued by the local government after construction is completed and final inspection is approved. Pronunciation: \(ˌ)sər-ˈti-fi-kət\ \ˈä-kyə-pən(t)-sē\ Used in a Sent...

Definition: When certain events occur, the licensee cannot conduct business until the DBPR is properly notified.  An example would be a licensee changing employers. Pronunciation: Used in a Sentenc...