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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 any fin...
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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 a single agent Pro...
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Trade Name

Definition:   any adopted or fictitious name used to designate a business concern Pronunciation: Used in a Sentence:   The real estate office operated under the trade name Sunshine Realty.
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Trade Fixture

Definition:   an article that is attached by a commercial tenant as a necessary part of the tenant’s business and is personal property Pronunciation:  \ˈfiks-chər\ Used in a Sentence:   The  displa...
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Township Lines

Definition:   the east-west survey lines located every six miles north and south of the primary base line Pronunciation:   \ˈtau̇n-ˌship\ \ˈlīn\ Used in a Sentence:   Township lines run horizontall...
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Township

Definition:   a square tract of land measuring six miles on each side and including 36 sections (formed by crossing of range and township lines) Pronunciation:   \ˈtau̇n-ˌship\ Used in a Sentence: ...
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Topography

Definition:   surface features (natural and manufactured) of land (e.g. lakes, mountains, roads) Pronunciation:   \tə-ˈpä-grə-fē\ Used in a Sentence:    A map of the topography of the coastline sho...
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Title Theory

Definition:   legal concept that vests title to mortgaged property in the mortgagee (lender) or a third party Pronunciation:   \ˈtī-təl\ \ˈthē-ə-rē\ Used in a Sentence:   With title theory, once th...
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Title Search

Definition:   an examination of all the public records to determine whether any defects exist in the chain of title Pronunciation:   \ˈtī-təl\ \ˈsərch\ Used in a Sentence:    We had a title search ...