Dictionary

Definition:  A charge of 1% of the mortgage value; assessment by a lender to increase the interest yield to compete with the interest yield from other types of investments. Pronunciation: \ˈdis-ˌka...

Definition: One who gives real property by will. Pronunciation:  \ˌde-və-ˈzȯr; di-ˈvī-zər, -ˌvī-ˈzȯr\ Used in a Sentence:   The devisor’s will left his property to his children.

Definition:  One who receives real property under a will. Pronunciation:  \ˌde-və-ˈzē, di-ˌvī-ˈzē\ Used in a Sentence:   The owner’s son inherited the property because he was a devisee on the will.

Definition:   A transfer of real property under a will. Pronunciation: \di-ˈvīz\ Used in a Sentence:  My sister and I inherited the property from our mother by devise.

Definition: Any development that because of its nature, scale or location could have a significant effect on the health, safety and welfare of citizens of more than one county. Pronunciation: Used ...

Definition: Two real estate licensees assigned to represent the buyer and seller as single agents in a nonresidential transaction.  The buyer and seller must have assets of $1 million or more and s...

Definition:  The passing of title to real property upon the death of the owner to the legal heirs Pronunciation:  \di-ˈsent\ Used in a Sentence:  Rights under laws of descent vary from state to sta...

Definition: To lower the price or estimated value,  a deduction for tax purposes. Pronunciation:  \di-prē-shē-ˈā-shən\ Used in a Sentence:    We were entitled to a depreciation deduction due to the...

Definition: Testimony taken down in writing under oath. Pronunciation: \ˌde-pə-ˈzi-shən, ˌdē-pə-\ Used in a Sentence:  The attorney took a deposition from the witness.