Dictionary

Definition:   a final walk-through with the sales associate to verify that any repairs have been completed and the property is in good condition Pronunciation:   \in-ˈspek-shən\ Used in a Sentence:...

Definition:   a written instrument authorizing a person to act as the agent on behalf of another who may not be present Pronunciation:  \ˈpau̇(-ə)r\ \ə-ˈtər-nē\ Used in a Sentence:   When my husban...

Definition:   the total annual income a property would produce with 100% occupancy and no collection or vacancy losses Pronunciation:   \pə-ˈten(t)-shəl\ \ˈgrōs\\ˈin-ˌkəm\ Used in a Sentence:    Be...

Definition:   when the benefits from borrowing funds exceed the costs of borrowing them Pronunciation:   \ˈpä-zə-tiv, ˈpäz-tiv\ \ˈle-və-rij\ Used in a Sentence:    An investor wants an investment p...

Definition:   the notebook of written rules and regulations that set desired standards and procedures in an office Pronunciation: Used in a Sentence:   It is important that a broker has a policy ma...

Definition:   the authority of government to protect the property, life, health and welfare of its citizens Pronunciation: Used in a Sentence:   An example of police power is the right to regulate ...

Definition:   any means by which to contact the brokerage firm or individual licensee including mailing address, physical street address, email address, phone number or fax number. Pronunciation: U...

Definition:   the starting point in a metes-and-bounds description of property; usually a street intersection or a specific monument Pronunciation: Used in a Sentence:   A legal description must al...

Definition:   the increased usability and value resulting from the combining or consolidating of adjacent lots into one larger lot Pronunciation:   \ˈplä-tij\ \ˈval-(ˌ)yü\ Used in a Sentence:    Th...