Vocab: D Flashcards
Debtor
A person who owes money to another
debt-to-income ratio
Percentage of monthly gross income that goes towards paying debt
deciduous
a tree that loses it leaves each year
deed
Written instrument which when signed and delivered (executed) conveys title to real property from one person (grantor) to another (grantee)
deferred maintenance
Existing but unfilled requirements for maintenance, repairs and replacements, Postponed or delayed maintenance causing decline in a buildings physical condition
Deflation
A fall in pricing of goods or property (the opposite of inflation)
Department of Fair Employment and Housing
The state agency designated to protect Californians from discrimination in housing , employment, and public accomadations
Department of Housing and Urban Development (HUD)
The federal agency responsible for the administration of U.S. government housing and urban development programs
Department of Real Estate (DRE)
A government agency which oversees and regulates CA real estate law as practiced by licensees.
Depreciation
Loss of property value brought about by age, physical deterioration or functional or economic obsolescence. The term used to account for the annual tax free return of capital improvements over the life of the improvements as a reduction in the property cost basis.
designated officer
The individual who is the licensed officer qualifying a corporation for a corporate broker license.
dominant tenement
The property benefiting from an easement whose owner is entitled to use the easement
due-on-clause
A trust deed provision used by lenders to call the loan immediately due and payable, a right triggered by the owners transfer of any interest in the real estate, with exceptions for intra-family transfers of their home.
