Dictionary

Definition: Two real estate licensees assigned to represent the buyer and seller as single agents in a nonresidential transaction.  The buyer and seller must have assets of $1 million or more and s...

Definition:  The passing of title to real property upon the death of the owner to the legal heirs Pronunciation:  \di-ˈsent\ Used in a Sentence:  Rights under laws of descent vary from state to sta...

Definition: To lower the price or estimated value,  a deduction for tax purposes. Pronunciation:  \di-prē-shē-ˈā-shən\ Used in a Sentence:    We were entitled to a depreciation deduction due to the...

Definition: Testimony taken down in writing under oath. Pronunciation: \ˌde-pə-ˈzi-shən, ˌdē-pə-\ Used in a Sentence:  The attorney took a deposition from the witness.

Definition: Earnest money or some other valuable consideration given as proof of good faith to go along with an offer to purchase or rent.  See also binder and earnest money. Pronunciation: \di-ˈpä...

Definition: Guarantees mortgage loans to encourage private lending agencies to give liberal mortgages to veterans and their spouses. Pronunciation: Used in a Sentence:  Because of his military back...

Definition: The average number of units or dwellings per acre. Pronunciation:  \ˈden(t)-sə-tē\ Used in a Sentence:   The area had a housing density of 10 houses per acre.

Definition: A refusal or rejection. Pronunciation:  \di-ˈnī(-ə)l\ Used in a Sentence:  She issued a flat denial of the charges made against her.

Definition: Checking accounts; payable on demand by holder. Pronunciation: \di-ˈmand\ Used in a Sentence:  I had my funds in a demand deposit account so I could access them easily.