Detailed Search:
The exclusive website feature that empowers clients to find or explore based on ZIP code, school district, street address, subdivision, area or Multiple Listing Service (MLS) number. Detailed Search is a feature for registered/logged on users.

Deed:
A written document that is properly signed and delivered as an instrument of bond, contract or conveyance, especially relating to property. This document transfers property ownership from the seller to the buyer. The seller signs the deed at closing and the buyer receives a copy. The closing sales professional records the deed with the buyer listed as the new property owner. The buyer's name appears on the deed and it is sent to the buyer after it is recorded.

Deed of Trust:
A document used in some states instead of a mortgage. When borrowers sign this document, they receive title to the property but convey title to a neutral third party, called a trustee, until the loan is repaid.

Demographic Data:
Information pertaining to characteristics of human populations and population segments, including population growth and density.

Designated Dual Agent:
Real estate sales professionals who work for the same company where one is assigned to work with the buyer and the other is assigned to work with the seller in the same transaction. In such a transaction, there are two designated sales professionals in the same firm: one for the buyer and one for the seller. In Maryland, this is called an intra-company agent.

Disclosed Dual Agent:
In Virginia and Washington D.C., the real estate sales professional who works with the buyer and seller in the same transaction.

Disclosure:
A document, text or form that reveals or uncovers information about real estate. For example, see Seller's Disclosure.

Discount Point:
Percentage of the buyer's loan usually paid by the seller to the lender in cash at closing. Each point equals 1% on the loan balance. Discount points account for the difference between the market interest rate and the loan rate.

Documentary Stamps:
A state tax, in the forms of stamps, required on deeds and mortgages when real estate title passes from one owner to another. The amount of stamps required varies with each state.

Drywall/Sheetrock Stage:
Building stage characterized by the addition of sheetrock walls.

Dual Agent:
The real estate sales professional who has signed agreements with the buyer and the seller in the same transaction.

Definitions are intended to be informational only. Please be advised that real estate practices vary from state to state and market to market. The information contained herein does not constitute legal advice. It is recommended that you consult with a qualified real estate attorney who can advise you specifically with respect to the requirements in your market.