Marketable Title – Title free and clear of objectionable liens or encumbrances; title which is free from reasonable doubts or defects, which can be readily sold or mortgaged.

Market Value – The highest price a ready, willing and able buyer, not forced to buy, will pay to a ready, willing and able seller, not forced to sell, allowing a reasonable time for exposure in the open market.

Material Fact – A fact is material if it is one which the agent should realize would be likely to affect the judgment of the principal in giving his or her consent to the agent to enter into the particular transaction on the specified terms.

Mechanic’s Lien – A lien which exists against real property in favor of persons who have performed work or furnished materials for the improvement of real estate.

Misrepresentation – A false statement of a material fact made with the intent to induce some action by another party.

Mortgage – An instrument in writing which, when recorded, creates a lien upon property pledged as security for the repayment of a home loan, debt or obligation.

Mortgage Banker – A corporation or firm which makes delivers and services mortgage loans.

Mortgage Broker – A person or firm which acts as an intermediary between borrower and lender.

Mortgagee – The party who lends money and accepts a mortgage to secure the payment of the debt.

Mortgagor – The party who borrows money and gives a mortgage on the property as security for his obligation to repay the debt.

Multiple Listing Service (MLS) – An arrangement among brokers whereby they share their listings.

Mover – A company that moves the possesions of a family or business from one site to another. They can also provide a business or family with a moving quote or proposal..