Dictionary

Definition:   a buyer makes regular periodic payments on the mortgage but does not assume responsibility for the mortgage Pronunciation: Used in a Sentence:   When a property is sold subject to the...

Definition:   a reference to the real property under discussion, or the real property under appraisal Pronunciation:    \ˈsəb-jikt\ \ˈprä-pər-tē\ Used in a Sentence:    The appraisal of the subject...

Definition:   a plan of a tract of land subdivided into lots and showing required or planned amenities Pronunciation:   \ˈsəb-də-ˌvi-zhən\ \ˈplat\ Used in a Sentence:    A plat map will show actual...

Definition:   to segment large, acquired tracts of real property in order to create small tracts for the purpose of resale Pronunciation:   \ˌsəb-də-ˈvīd\ Used in a Sentence:    The developer decid...

Definition:   a person authorized to assist and represent the agent and whose duties are delegated by the original agent Pronunciation:   \ˈsəbˈā-jənt\ Used in a Sentence:    It is customary for li...

Definition:   an agreement as to the penalty reached between the attorneys for the DRE and the licensee or licensee’s attorney Pronunciation:   \ˌsti-pyə-ˈlā-shən\ Used in a Sentence:   To be effec...

Definition:   the illegal practice of channeling homebuyers interested in equivalent properties to particular areas Pronunciation: Used in a Sentence:   Steering buyers away from or to a certain ne...

Definition:   delay temporarily; stop for a limited lime Pronunciation: Used in a Sentence:   To obtain a stay of a final order, the district court of appeals must issue a writ of supersedeas.

Definition: a proration method in which all months are considered to have 30 days Pronunciation:  \ˈsta-chə-ˌtȯr-ē\ Used in a Sentence:    To prorate costs you can use the statutory month method.