Dictionary

Bona Fide Definition: Made in good faith without fraud or deceit. Pronunciation: \ˈbō-nə-ˌfīd, ˈbä-; ˌbō-nə-ˈfī-dē, -ˈfī-də\ Usage in a Sentence: The buyer made a bona fide offer on the property. B...

Definition: Profiteering by inducing property owners to sell hastily and often at a loss by appeals to fears of depressed property values because of threatened minority encroachment and then resell...

Definition: An advertisement that provides only a telephone number, a PO box, and/or an address without the licensed name of the brokerage firm. Pronunciation: \ˈblīnd\\ˌad-vər-ˈtīz-mənt; əd-ˈvər-t...

Definition: One debt instrument covering two or more parcels. Pronunciation: \ˈblaŋ-kət\\ˈmȯr-gij\ Used in a Sentence:   The buyer took out a blanket mortgage to pay for the two adjoining parcels ...

Definition: A mortgage loan amortized the same way as other loans with monthly payments, except that the borrower makes a payment every two weeks. Pronunciation: Used in a Sentence: By having a bi-...

Definition: A document given subject to the writing of a formal contract for sale, usually acknowledging receipt of a portion of the down payment for the purchase of real property. Pronunciation: \...

Definition: An agreement in which both parties are legally obligated to each other to perform. Pronunciation: \(ˌ)bī-ˈla-t(ə-)rəl\ Used in a Sentence:   Once an offer was accepted, the seller was o...

Definition: A two-year period. Pronunciation: \bī-ˈe-nē-əm\ Used in a Sentence:  A real estate license has a biennial renewal period.

Definition: The resulting amount when annual debt service is subtracted from net operating income.  Also called gross spendable income or cash throw off. Pronunciation: Used in a Sentence:  Our bef...