Definition: to cause or cease operating for a period of time; the temporary withholding of a person’s license rendering it ineffective; a period of enforced inactivity
Pronunciation: \sə-ˈspen(...
Definition: the quantity of goods or services offered for sale to consumers
Pronunciation: \sə-ˈplī\
Used in a Sentence: The supply of moderately priced houses is low creating a seller’s market.
Definition: a lien that takes priority over all other liens
Pronunciation: \su̇-ˈpir-ē-ər\ \ˈlēn\
Used in a Sentence: Real estate property tax liens are a type of superior lien.
Definition: emergency or immediate action taken by the Secretary of the DBPR against a license to protect the public
Pronunciation: \ˈsə-mə-rē\ \sə-ˈspen(t)-shən\
Used in a Sentence: When it ...
Definition: an act of suing; an action in a court of law for the recovery of a right or claim
Pronunciation: \ˈsüt\
Used in a Sentence: The seller filed a suit against the broker for improper...
Definition: a legal process ordering a witness to appear and give testimony under penalty of law
Pronunciation: \sə-ˈpē-nə\
Used in a Sentence: I received a subpoena to appear as a witness fo...
Definition: a clause in which the holder of a mortgage permits a subsequent mortgage to take priority
Pronunciation: \sə-ˈbȯr-də-ˈnā-shən\ \ˈklȯz\
Used in a Sentence: This clause provides ...
Definition: a written agreement between holders of liens on a property that changes the priority of mortgage, judgement, or other liens under certain circumstances
Pronunciation: \sə-bȯr-də-...
Definition: a lessee leasing a property to a third party for a period of time less than the original lease. Also called subletting.
Pronunciation: \ˈsəb-ˈlēs\
Used in a Sentence: When I had ...
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