Dictionary

Commision

Definition: A percentage of the money received paid to a broker and/or sales associate for successfully concluding a real estate transaction. Pronunciation: \kə-ˈmi-shən\ Used in a Sentence:   The broker earned 6% commission...

Commingle

Definition: To combine money or a deposit with personal funds. Pronunciation: \kə-ˈmiŋ-gəl, kä-\ Used in a Sentence:   It is against FREC regulations to commingle earnest money and personal funds.

Commercial

Definition: A classification of real estate that includes income-producing properties such as shopping centers, gas stations, office buildings, restaurants and parking lots. Usually, must be zoned for business purposes. Pronunciation: \kə-ˈmər-shəl\ Used...

Color Of Title

Definition: A condition in which ownership of real property appears to be good but actually is not good due to a defect. Pronunciation: Used in a Sentence:  The sale of the...

Collusion

Definition: Secret agreement or cooperation, especially for an illegal or deceitful purpose Pronunciation: \kə-ˈlü-zhən\ Used in a Sentence: The company was acting in collusion with manufacturers to inflate prices.

Collateral

Definition: Real or personal property pledged as security on a debt. Pronunciation: \kə-ˈla-t(ə-)rəl\ Used in a Sentence:  The adjoining property was pledged as collateral for the debt.