Definition: any device or action that controls or limits the use of real property
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
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
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
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
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
Used in a Sentence: When a contract has been rescinded, both parties are relieved from their obligations under the contract.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
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
Used in a Sentence: The associate was issued a reprimand for disclosing confidential information learned as a result of employment.
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