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-\...
Apr 21 , 2016
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...
Apr 21 , 2016
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...
Apr 21 , 2016
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: ...
Apr 20 , 2016
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 ...