Sunday, May 19, 2024, 10:04 AM
Site: Burk Baker School of Real Estate & Appraising
Course: DEMO (DE101)
Glossary: Real Estate Glossary
D
DONEEA person to whom a gift is made. |
DONORA person who makes a gift. |
DOWERThe legal rights that a widow possesses to her husband's estate. |
DUAL AGENCYDesignates a broker's unethical acting for both buyer and seller in the same transaction without the consent or knowledge of both parties. |
DUE ON SALE CLAUSEThe clause which allows the mortgagee the option of calling the mortgage's unpaid balance immediately due if the mortgagor sells or otherwise alienates the mortgage property. Also called the alienation clause.
DURESS - Unlawful constraint or action against a person forcing him to perform some act against his will. |