Dictionary

Definition:   any device or action that controls or limits the use of real property Pronunciation:   \ri-ˈstrik-shən\ Used in a Sentence:   The deed restriction prohibited RV vehicles from being parked on the property.

Definition:   a person who answers to an informal complaint proceeding prior to being adjudged innocent or being named as a defendant Pronunciation:   \ri-ˈspän-dənt\ Used in a Sentence:    The respondent gave his statement regarding the charges brought against him.

Definition:   the sale of improved residential property of four or fewer units , the sale of unimproved residential property intended for use as for or fewer units, or the sale of agricultural property of 10 or fewer acres Pronunciation:   \ˌre-zə-ˈden(t)-shəl\ Used in a Sentence:   The sale of the single family house was a residential sale.

Definition:   defined under Chapter 475, F.S., to mean four or fewer residential units, vacant land zoned for four or fewer residential units, or agricultural property of 10 acres or less Pronunciation:  \ˌre-zə-ˈden(t)-shəl Used in a Sentence:   My brokerage handles only residential properties.

Definition:   for application and licensing purposes, a person who has resided in Florida  continuously for four calendar months or more within the preceding year Pronunciation:   \ˈre-zə-dənt\ Used in a Sentence:   You do not have to be a resident of Florida to get your real estate license.

Definition:   the amount of funds that an institution must hold in reserve against deposit liabilities Pronunciation:   \ri-ˈzərv\  \ri-ˈkwīr-mənt\ Used in a Sentence:    A change in reserve requirements is one method the FED uses to influence the supply of money.

Definition:   to annul, cancel, repeal, or terminate Pronunciation:  \ri-ˈsind\ Used in a Sentence:   When a contract has been rescinded,  both parties are relieved from their obligations under the contract.

Definition:  the current cost of building a replica of the subject structure, using the same materials and construction standards Pronunciation:   \ˌrē-prə-ˈdək-shən\ Used in a Sentence:   Most appraisers estimate reproduction cost by the comparative cost method.

Definition:   an official act of oral and/or written criticism with a formal warning included Pronunciation:   \ˈre-prə-ˌmand\ Used in a Sentence:   The associate was issued a reprimand for disclosing confidential information learned as a result of employment.