Dictionary

Trust Funds

Definition:   cash, checks, money orders, and items that can be converted into cash that a person (broker) holds in trust for another person Pronunciation: Used in a Sentence:  When we...

Trustee

Definition:   a person or party, either appointed or required by law to administer or manage another’s property Pronunciation:   \ˌtrəs-ˈtē\ Used in a Sentence:    He was named as trustee to...

Trust

Definition:   a right of property, either real or personal, held by one party for the benefit on another Pronunciation:    \ˈtrəst\ Used in a Sentence:    The property will be held...

Truth In Lending Act (tila)

Definition:   A body of federal law that ensures that borrowers and customers of consumer credit are given meaningful information with respect to the cost of credit. Pronunciation: Used in a...

Triggering Terms

Definition:   used in advertising, include the following – the amount or percentage of down payment, number of payments, period (term) of repayment, amount of any payment, and the amount of...

Transaction Broker

Definition:   a broker who provides limited representation to a buyer, a seller, or both in a real estate transaction, but does not represent either in a fiduciary capacity or as...