Dictionary

Quiet Title

Definition:   a court action intended to establish or settle the title to a property, especially where there is a cloud on the title Pronunciation: Used in a Sentence:   In order...

Quiet Enjoyment

Definition:   the right of an owner or lessee legally in possession of property to uninterrupted use of the property without interference from the former owner, lessee or any third party...

Quasi-legislative

Definition:   powers designated to the FREC to enact rules and regulations, decide questions of practice and validate records Pronunciation:  \ˈkwā-ˌzī\ \ˈle-jəs-ˌlā-tiv\ Used in a Sentence:   The FREC exercises is quasi-legislative powers when...

Quasi-judicial

Definition: powers delegated to the FREC to enact rules and regulations, decide questions of practice and validate records Pronunciation:  \ˈkwā-ˌzī\ \jü-ˈdi-shəl\ Used in a Sentence:   The power to grant or deny a license...

Qualification

Definition:   the process of reviewing a prospective borrower’s credit and payment capacity before approving a loan Pronunciation:   \ˌkwä-lə-fə-ˈkā-shən\ Used in a Sentence:   It is smart to get a qualification from...

Purchase Money Mortgage (pmm)

Definition:    any new mortgage taken as part of the purchase price of real property by the seller Pronunciation: Used in a Sentence:    A purchase money mortgage is usually...