Dictionary

Devisee

Definition:  One who receives real property under a will. Pronunciation:  \ˌde-və-ˈzē, di-ˌvī-ˈzē\ Used in a Sentence:   The owner’s son inherited the property because he was a devisee on the will.

Devise

Definition:   A transfer of real property under a will. Pronunciation: \di-ˈvīz\ Used in a Sentence:  My sister and I inherited the property from our mother by devise.

Development Of Regional Impact (dri)

Definition: Any development that because of its nature, scale or location could have a significant effect on the health, safety and welfare of citizens of more than one county. Pronunciation: Used...

Designated Sales Associates

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...

Descent

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...

Depreciation

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 deterioration of...