Dictionary

Definition:  A written agreement given to one real estate broker as the sole agent for the sale of an owner’s property, with the commission going to that broker regardless of who actually sells the...

Definition:   A written listing agreement giving a sole agent the right to sell a property for a specified time. Pronunciation:   \iks-ˈklü-siv, -ziv\ \ˈā-jən(t)-sē\ Used in a Sentence:   The selle...

Definition:  The right of an owner to keep others from tresspassing by entering or using the property without permission. Pronunciation: \iks-ˈklü-zhən\ Used in a Sentence:   The right of excusion ...

Definition:    Material that is presented to a court of law to help find the truth about something. Pronunciation:  \ˈe-və-dən(t)s, -və-ˌden(t)s\ Used in a Sentence:   The signed document was evide...

Definition:  A system of moral obligations, rules and standards of conduct that a member of a profession owes to the public or other members. Pronunciation:  \ˈe-thiks\ Used in a Sentence:   Good e...

Definition:  A legal instrument implemented by a mortgagor detailing the exact unpaid balance of a mortgage, the current rate of interest and the date to which interest has been paid.  It bars the ...

Definition:   A legal doctrine barring people from alleging or denying a fact because of one’s own previous actions or words to the contrary. Pronunciation:  \e-ˈstä-pəl\ Used in a Sentence:

Definition:    A future interest in real estate that can become effective only upon the termination of the prior estate. Pronunciation:  \i-ˈstāt\ \ri-ˈmān-dər\ Used in a Sentence:

Definition:   Real property owned by a corporation sole. Pronunciation: \i-ˈstāt\ Used in a Sentence:   The church and rectory buildings and property are considered an estate in sole.