Dictionary

Definition:   the purchase and sale of U.S. Treasury and federal agency securities Pronunciation:    \ˌä-pə-ˈrā-shən\ Used in a Sentence:   The Fed’s principal and most effective tool for implement...

Definition:   a listing given to any number of brokers who can work simultaneously to sell the owner’s property Pronunciation: Used in a Sentence:   An open listing is often used by builders or con...

Definition:  a branch of the U.S. Treasury Department that replaced the Federal Home Loan Bank Board as regulator of the thrift industry Pronunciation: Used in a Sentence:

Definition:   a promise by one party to act or perform in a specified manner, provided the other party acts or performs in the manner requested Pronunciation:    \ˈȯ-fər, ˈä-\ Used in a Sentence: ...

Definition:   the percentage of rental units that are occupied Pronunciation:    \ˈä-kyə-pən(t)-sē\\ˈrāt\ Used in a Sentence:    The occupancy rate for the apartment building was high due to only a...

Definition:   a cause of depreciation in a property, can be external or functional Pronunciation:  \ˌäb-sə-ˈles-əns\ Used in a Sentence:   The lack of enough bathrooms in the house is an example of...

Definition:   the license status when a sales associate has failed to successfully complete post-licensing education prior to the first renewal of the license or when a licensee has failed to renew...

Definition:   the substitution of a new legal obligation for an old one Pronunciation:    \nō-ˈvā-shən\ Used in a Sentence:    Unless there is a novation, a tenant assigning a lease to another stil...

Definition:    issued by the DBPR in the case of a minor rule violation that does not endanger the public safety, health or welfare Pronunciation:   \ˈnō-təs\ \(ˈ)nän-kəm-ˈplī-ən(t)s\ Used in a Sen...