Apr 21 , 2016

Tampa School of Real Estate

Mutual Assent

Definition:   A meeting of the minds; a mutual assent of the parties to the formation of the contract Pronunciation:   \ˈmyü-chə-wəl\ \ə-ˈsent, a-\...

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Apr 21 , 2016

Tampa School of Real Estate

Mutual Recognition Agreement

Definition:  a transactional agreement between Florida and another state that provides for the two states to recognize each other’s real estate lic...

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Apr 21 , 2016

Tampa School of Real Estate

Multiple Listing Service (mls)

Definition:   a service arrangement among members of a real estate board or exchange that allows each member broker to share listings with other me...

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Apr 21 , 2016

Tampa School of Real Estate

Multiple Licenses

Definition:   licenses held by a broker in two or more real estate brokerage firms Pronunciation:   \ˈməl-tə-pəl\\ˈlī-sən(t)s\ Used in a Sentence: ...

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Apr 20 , 2016

Tampa School of Real Estate

Mortgagor

Definition:   a person who borrows money for buying property; a person who takes out a mortgage in order to buy property Pronunciation:   \ˌmȯr-gi...

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Apr 20 , 2016

Tampa School of Real Estate

Mortgage Insurance Premium (mip)

Definition:   fee paid by FHA borrowers to obtain a loan (up front and annual) Pronunciation:  \ˈmȯr-gij\ \in-ˈshu̇r-ən(t)s\ \ˈprē-mē-əm\ Used in ...

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