Dictionary

Definition:   the broker does not represent the customer (customer may be the buyer or the seller) Pronunciation:    \ˈbrō-k(ə-)rij\  \ri-ˈlā-shən-ˌship\ Used in a Sentence:    In a no brokerage re...

Definition:    the resulting amount when all operating expenses are subtracted from effective gross income Pronunciation: Used in a Sentence:    The net operating income from the apartment building...

Definition:   a lease, usually commercial, in which the tenant not only pays the rent for occupancy but also pays maintenance and operating expenses such as taxes, insurance, utilities and repairs....

Definition:   profit from property or business after expenses have been deducted; effective gross income less operating expenses Pronunciation: Used in a Sentence:   The investor wanted to know the...

Definition:   borrowed funds cost more than the income the funds generate Pronunciation:   \ˈne-gə-tiv\ \ˈle-və-rij, ˈlē-; ˈlev-rij, ˈlēv-\ Used in a Sentence:   When the property didn’t generate a...

Definition:   a financing arrangement in which the monthly mortgage payments are less than required to pay both interest and principal.  The unpaid balance is added to the loan balance. Pronunciati...