A

Adverse Possession

Definition: A means of gaining title to real property by occupying it in an open and hostile manner contrary to the interests of the owner. Pronunciation: ad-ˈvərs   pə-ze-shən Used in a Sentence: ...
A

Adverse Interest

Definition: An intention in opposition to the interest of another party (as, with a buyer and a seller). Pronunciation: ad-ˈvərs Used in a Sentence:   The low counter offer was an adverse interest ...
A

Advance Fee

Definition: A commission or partial payment received by a broker in advance of completing the real estate service. Pronunciation: əd-ˈvan(t)s Used in a Sentence: The seller paid the broker an advan...
A

Administrative Law Judge

Definition: An attorney hired by the Division of Administrative Hearings, Department of Administration, to hear complaints and issue recommended orders. Pronunciation: əd-ˈmi-nə-ˌstrā-tiv Used in a...
A

Administrative Law

Definition: The body of law created by administrative agencies in the form of rules, regulations, orders and decisions. Pronunciation: əd-ˈmi-nə-ˌstrā-tiv Used in a Sentence:  Administrative law pr...
A

Administrative Complaint

Definition: A summary of allegations of facts and charges against a licensee. Pronunciation:  əd-ˈmi-nə-ˌstrā-tiv    kəm-ˈplānt Used in a Sentence:   An administrative complaint was filed against t...
A

Adjusted Basis

Definition:  An owner’s original cost of a property plus buying expenses plus capital improvements. Pronunciation: ə-ˈjəst-ed Used in a Sentence:    The adjusted basis of the property calculated ou...
A

Adjustable Rate Mortgage (arm)

Definition:  A mortgage that typically has a lower rate than a fixed rate mortgage to start, but can be adjusted periodically by the lender. Pronunciation: \ə-ˈjəs-tə-bəl, mȯr-gij Used in a Senten...
A

Adjudication

Definition:  A judicial or court decision. Pronunciation: ə-ˌjü-di-ˈkā-shən Used in a Sentence:  The court withheld adjudication of guilt for the defendant.