May 19 , 2016

Tampa School of Real Estate

Purchase Money Mortgage (pmm)

Definition:    any new mortgage taken as part of the purchase price of real property by the seller Pronunciation: Used in a Sentence:    A purchase...

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May 19 , 2016

Tampa School of Real Estate

Puffing

Definition:  comments or opinions not made as representations of fact and thus not grounds for misrepresentation Pronunciation: Used in a Sentence:...

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May 18 , 2016

Tampa School of Real Estate

Prospectus

Definition:   a document prepared by a developer of 20 or more new condominium units that summarizes some of the major points contained in the cond...

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May 18 , 2016

Tampa School of Real Estate

Prorate

Definition:   the division of proportionate shares of charges and credits between the buyer and seller according to their period of ownership Pronu...

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May 18 , 2016

Tampa School of Real Estate

Proprietary Lease

Definition:   a written lease in a cooperative apartment building, between the owner/corporation and the tenant/stockholder, in which the tenant re...

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May 18 , 2016

Tampa School of Real Estate

Property Report

Definition:   a disclosure document required under the federal Interstate Land Sales Full Disclosure Act Pronunciation:  \ˈprä-pər-tē\ \ri-ˈpȯrt\ ...

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