Dictionary

Definition:   a court action intended to establish or settle the title to a property, especially where there is a cloud on the title Pronunciation: Used in a Sentence:   In order to get a clear tit...

Definition:   the right of an owner or lessee legally in possession of property to uninterrupted use of the property without interference from the former owner, lessee or any third party claiming s...

Definition:   powers designated to the FREC to enact rules and regulations, decide questions of practice and validate records Pronunciation:  \ˈkwā-ˌzī\ \ˈle-jəs-ˌlā-tiv\ Used in a Sentence:   The ...

Definition: powers delegated to the FREC to enact rules and regulations, decide questions of practice and validate records Pronunciation:  \ˈkwā-ˌzī\ \jü-ˈdi-shəl\ Used in a Sentence:   The power t...

Definition:   the process of reviewing a prospective borrower’s credit and payment capacity before approving a loan Pronunciation:   \ˌkwä-lə-fə-ˈkā-shən\ Used in a Sentence:   It is smart to get a...

Definition:    any new mortgage taken as part of the purchase price of real property by the seller Pronunciation: Used in a Sentence:    A purchase money mortgage is usually used to fill the gap be...

Definition:  comments or opinions not made as representations of fact and thus not grounds for misrepresentation Pronunciation: Used in a Sentence:   A licensee’s boasting of a properties benefits ...

Definition:   a document prepared by a developer of 20 or more new condominium units that summarizes some of the major points contained in the condominium documents Pronunciation:   \prə-ˈspek-təs\...

Definition:   the division of proportionate shares of charges and credits between the buyer and seller according to their period of ownership Pronunciation:   \(ˌ)prō-ˈrāt\ Used in a Sentence:   So...