Definition: the legal minimum number of people required to be present before a specified meeting can take place
Pronunciation: \ˈkwȯr-əm\
Used in a Sentence: A quorum of four members must be...
Definition: a type of deed that will effectively convey any present interest, claim or title to real property that the seller may own
Pronunciation: \ˈkwit-ˌklām\ \ˈdēd\
Used in a Sentence: I...
Definition: a court action intended to establish or settle the title to a property, especially where there is a cloud on the title
Pronunciation:
Used in a Sentence: In order to get a clear tit...
Definition: the right of an owner or lessee legally in possession of property to uninterrupted use of the property without interference from the former owner, lessee or any third party claiming s...
Definition: powers designated to the FREC to enact rules and regulations, decide questions of practice and validate records
Pronunciation: \ˈkwā-ˌzī\ \ˈle-jəs-ˌlā-tiv\
Used in a Sentence: The ...
Definition: powers delegated to the FREC to enact rules and regulations, decide questions of practice and validate records
Pronunciation: \ˈkwā-ˌzī\ \jü-ˈdi-shəl\
Used in a Sentence: The power t...
Definition: the process of reviewing a prospective borrower’s credit and payment capacity before approving a loan
Pronunciation: \ˌkwä-lə-fə-ˈkā-shən\
Used in a Sentence: It is smart to get a...
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