Dictionary

Bundle Of Legal Rights

Definition: An ownership theory describing all the legal rights that attach to the ownership of real property, including disposition, enjoyment, exclusion, possession and control. Pronunciation: \ˈbən-dəl\  \ˈlē-gəl\ Used in a Sentence:   The...

Building Codes

Definition: Government regulations controlling construction practices and materials. Pronunciation: \ˈbil-diŋ\ Used in a Sentence:   The inspector checked to make sure the construction conformed to the building codes.

Buffer Zone

Definition: A strip of land that separates one land use from another. Pronunciation: \ˈbə-fər\ Used in a Sentence:   There was a large buffer zone separating the two houses.

Broker Associate

Definition: A person who is qualified to be issued a broker’s license but who operates as a sales associate in the employ of another. Pronunciation: \ˈbrō-kər\\ə-ˈsō-shē-ˌāt, -sē-\ Used in a Sentence:   The...

Broker

Definition: A person or business entity licensed by the DBPR to perform services of real estate for others for compensation. Pronunciation: \ˈbrō-kər\ Used in a Sentence:  The broker provided excellent information about the...

Breach Of Trust

Definition: Failure to do or perform what has been promised. Pronunciation: \ˈbrēch\ Used in a Sentence:   By signing a contract for sale in the name of the buyer without the buyer’s permission...