Dictionary

Definition: An ownership theory describing all the legal rights that attach to the ownership of real property, including disposition, enjoyment, exclusion, possession and control. Pronunciation: \ˈ...

Definition: Government regulations controlling construction practices and materials. Pronunciation: \ˈbil-diŋ\ Used in a Sentence:   The inspector checked to make sure the construction conformed to...

Definition: A strip of land that separates one land use from another. Pronunciation: \ˈbə-fər\ Used in a Sentence:   There was a large buffer zone separating the two houses.

Definition: A person who is qualified to be issued a broker’s license but who operates as a sales associate in the employ of another. Pronunciation: \ˈbrō-kər\\ə-ˈsō-shē-ˌāt, -sē-\ Used in a Senten...

Definition: A person or business entity licensed by the DBPR to perform services of real estate for others for compensation. Pronunciation: \ˈbrō-kər\ Used in a Sentence:  The broker provided excel...

Definition: Failure to do or perform what has been promised. Pronunciation: \ˈbrēch\ Used in a Sentence:   By signing a contract for sale in the name of the buyer without the buyer’s permission or ...

Definition: A business location other than the primary place of business. Pronunciation: \ˈbranch\ Used in a Sentence: We decided to meet at the branch office because it was closer.

Definition: One who gives a mortgage as security for a debt; the mortgagor.  Also called a debtor Pronunciation: \ˈbär-(ˌ)ō-ə-wər\ Used in a Sentence:  The borrower signed the note as promise to re...

Definition: Money or other property that is not like-kind, which is given to make up any difference in value or equity between exchanged properties. Pronunciation: \ˈbüt\ Used in a Sentence:  Becau...