Dictionary

Definition:   the principal of appraisal that states that the value of a better property is adversely affected by its association with an inferior property of the same type Pronunciation:   \ri-ˈgr...

Definition:   authorization by the state to place an applicant on the register (record) of officially recognized individuals and businesses Pronunciation:  \ˌre-jə-ˈstrā-shən\ Used in a Sentence:  ...

Definition:   discriminatory financing by a lending institution Pronunciation:   \ˈred-ˌlīn\ Used in a Sentence:   The usual justification for redlining is the lender wants to limit the risks in an...

Definition:  the right of mortgagors who have defaulted on the mortgage note to redeem or get back their title to the property by paying off the entire mortgage before the foreclosure sale Pronunci...

Definition:  the assigned period of time over which property is depreciated for tax purposes Pronunciation:   \ri-ˈkə-və-rē\ \ˈpir-ē-əd\ Used in a Sentence:    We were given a 5 year recovery perio...

Definition:  to place any document or instrument affecting title or an interest in real property in the public records of the county in which the property is located Pronunciation:   \ri-ˈkȯrd\ Us...

Definition:  a determination by an administrative law judge that includes findings and conclusions, as well as the recommended penalty, if any, required by law or agency rule Pronunciation:   \ˌre-...

Definition:  an agreement between two states that allows a real estate licensee with a valid license in one of the states to practice real estate in both states Pronunciation:  \ˌre-sə-ˈprä-s(ə-)tē...

Definition:   a provision in a mortgage, related to income-producing property, that is designed to require that income derived shall be used to make mortgage payments in the event the borrower defa...