Jan 08 , 2016

Tampa School of Real Estate

Dynamic Risk

Definition:  The risk that arises from the constant change in the business environment and thus dynamic risk cannot be transferred to an insurer. P...

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Jan 08 , 2016

Tampa School of Real Estate

Due-on-sale Clause

Definition: An acceleration clause found in most mortgage loans, requiring the mortgagor to pay off the entire mortgage debt when the property is s...

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Jan 08 , 2016

Tampa School of Real Estate

Dual Agent

Definition:  A situation where an agent (or agency) represents both principals in a transaction.  (not a legal agency relationship in Florida). Pro...

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Jan 08 , 2016

Tampa School of Real Estate

Down Payment

Definition: A portion of the purchase price paid prior to closing the transaction.  Earnest money may be either part of or the entire down payment....

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Jan 08 , 2016

Tampa School of Real Estate

Double-hung

Definition: A window consisting of two sashes that move up and down in a pair of channels and are held open by tension springs. Pronunciation: \ˌdə...

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Jan 08 , 2016

Tampa School of Real Estate

Dormer

Definition: A window that is in a part of a building that sticks out from a slanted roof. Used to provide additional headroom, light and ventilatio...

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