Multiple listing

An exclusive listing (generally an exclusive right to sell) with the additional authority and obligation on the part of the listing broker to distribute the listing to other brokers in the multiple-listing organization.

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Mortgagor

One who, having all or part of the title to the property, pledges that property as security for a debt; the borrower

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Mortgage

A conditional transfer or pledge of real estate as security for a loan. Also, the document creating a mortgage lien.

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Monument

Fixed natural or artificial objects, used in the metes-and-bounds description, to establish the boundaries; located at the corners.

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Month-to-Month tenancy

A periodic tenancy – the tenant rents for one period at a time. In the absence of a rental agreement (oral or written), a tenancy generally is considered to be from month to month.

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Money market

Those institutions, such as banks, savings-and-loan associations, and life insurance companies, who supply money and credit to borrowers.

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