- Days on Market (DOM) – the total number of days the listing is active (for sale) on the market.
- Deed – a formal written document by which title to real property is transferred from one owner to another. Types of Deeds:
— Quit Claim Deed
— Special Warranty Deed
— Deed of Trust
— General Warranty Deed
- Default –– failure to make mortgage payments as agreed to.
- Default in Real Estate Transaction – either Buyer or Seller fails, without legal excuse, to complete and close the purchase of the property.
- Department of Licencing (DOL) – department of licencing regulates regulating drivers, vehicle and boats, and over 30 types of professions and businesses licenses; including real estate license fro Brokers and Managing Brokers. More info at Washington State Department of Licensing.
- Department of Revenue (DOR) – collect revenues to fund public services. DOR real estate excise tax.
- Depreciation — decline in property value due to wear and tear. Depreciation Period:
— Residential Rental property is 27.5 years
— Commercial Building is 39 years
- DOL – see Department of Licencing (DOL)
- DOM – see Days on Market
- DOR – see Department of Revenue (DOR)
- Down Payment – the amount of money to be paid by the buyer at closing. Down payment is the difference between the sales price and mortgage amount.
- Dual Agency – happens when the Listing Agent and Selling Agent are the same. A dual agent must walk a narrow tightrope to be neutral toward both parties, and they may not disclose confidential information to either party.