Dictionary

Mutual Assent

Tampa School of Real Estate

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-\ Used in a Sentence:    The buyer and seller...

Mutual Assent

Tampa School of Real Estate

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-\ Used in a Sentence:    The buyer and seller...

Mutual Recognition Agreement

Tampa School of Real Estate

Definition:  a transactional agreement between Florida and another state that provides for the two states to recognize each other’s real estate license education. Pronunciation:   \ˈmyü-chə-wəl\ \ˌre-kig-ˈni-shən\ \ə-ˈgrē-mənt\ Used in a Sentence:   Florida...

Mutual Recognition Agreement

Tampa School of Real Estate

Definition:  a transactional agreement between Florida and another state that provides for the two states to recognize each other’s real estate license education. Pronunciation:   \ˈmyü-chə-wəl\ \ˌre-kig-ˈni-shən\ \ə-ˈgrē-mənt\ Used in a Sentence:   Florida...

Multiple Listing Service (mls)

Tampa School of Real Estate

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

Multiple Listing Service (mls)

Tampa School of Real Estate

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

Multiple Licenses

Tampa School of Real Estate

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:   Because Jane was the broker for two separate brokerage entities...

Multiple Licenses

Tampa School of Real Estate

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:   Because Jane was the broker for two separate brokerage entities...

Mortgagor

Tampa School of Real Estate

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

Mortgagor

Tampa School of Real Estate

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

Mortgage Insurance Premium (mip)

Tampa School of Real Estate

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 a Sentence:   The MIP payment was calculated into our monthly mortgage payments.

Mortgage Insurance Premium (mip)

Tampa School of Real Estate

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 a Sentence:   The MIP payment was calculated into our monthly mortgage payments.