Dictionary

Negative Leverage

Definition:   borrowed funds cost more than the income the funds generate Pronunciation:   \ˈne-gə-tiv\ \ˈle-və-rij, ˈlē-; ˈlev-rij, ˈlēv-\ Used in a Sentence:   When the property didn’t generate as much income as anticipated...

Negative Amortization

Definition:   a financing arrangement in which the monthly mortgage payments are less than required to pay both interest and principal.  The unpaid balance is added to the loan balance. Pronunciation: ...

Mutual Assent

Definition:   A meeting of the minds; a mutual assent of the parties to the formation of the contract Pronunciation:   \ˈmyü-chə-wəl\ \ə-ˈsent, a-\ Used in a Sentence:    The buyer and seller...

Mutual Recognition Agreement

Definition:  a transactional agreement between Florida and another state that provides for the two states to recognize each other’s real estate license education. Pronunciation:   \ˈmyü-chə-wəl\ \ˌre-kig-ˈni-shən\ \ə-ˈgrē-mənt\ Used in a Sentence:   Florida...

Multiple Listing Service (mls)

Definition:   a service arrangement among members of a real estate board or exchange that allows each member broker to share listings with other members so that greater exposure is obtained...

Multiple Licenses

Definition:   licenses held by a broker in two or more real estate brokerage firms Pronunciation:   \ˈməl-tə-pəl\\ˈlī-sən(t)s\ Used in a Sentence:   Because Jane was the broker for two separate brokerage entities...