Q

Quorum

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...
Q

Quitclaim Deed

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...
Q

Quiet Title

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...
Q

Quiet Enjoyment

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...
Q

Quasi-legislative

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 ...
Q

Quasi-judicial

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...
Q

Qualification

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...