- Real Estate BrokerSomeone who continues his or her education past the real estate agent level and successfully passes a state real estate license exam. A broker(...) Read More
- Real Estate CycleA process reflecting the cycles of real estate market, including the recovery, expansion, hyper supply, and recession. The real estate market(...) Read More
- Real Estate InvestingREI stands for Real Estate Investing. REI involves the purchase, ownership, management, rental and/or sale of real estate for profit.(...) Read More
- Real Estate Investment TrustPooled funds that purchase and hold real estate. Read More
- Real Estate OwnedHomes that banks or lenders have foreclosed on are real estate owned (REO), or bank-owned. In these situations, the banks or lenders own and can(...) Read More
- Real Estate ProfessionalAn individual who provides services in buying and selling homes. The real estate professional is paid a percentage of the home sale price by the(...) Read More
- Real Estate Settlement Procedures ActA federal law that requires lenders to provide home mortgage borrowers with information about transaction-related costs prior to settlement, as(...) Read More
- Real Financing CostThe real financing cost is a consumer-oriented rate that takes into account specific costs, fees, potential rate changes and the projected loan term Read More
- Real PropertyLand and anything permanently affixed thereto – including buildings, fences, trees, and minerals. Read More
- RealtorA copyrighted trade name that can be legally used only by those belonging to the National Association of Realtors. Read More
- RebarSteel reinforcing rod set in concrete that supports the foundation, footers, and walls. Read More
- ReceptacleAn electrical outlet. A typical household will have many 120 volt receptacles for plugging in lams and appliances and 240 volt receptacles for(...) Read More
- Recessed Panel Cabinet DoorA recessed panel door has a raised outer edge and the center panel sits back on a different or "recessed" plane. The recessed panel is often(...) Read More
- Reclaimed MaterialsMaterials from a deconstructed building that are recycled for reuse for a new project. Read More
- Record TitleThe aspects of a title that appear in the public records as distinguished from unrecorded title aspects and interests. Read More
- RecorderThe public official who keeps records of transactions that affect real property in the area. Sometimes known as a Registrar of Deeds or County Clerk. Read More
- RecordingThe filing of a lien or other legal documents in the appropriate public record. Read More
- Recording FeeThe charges made by the register of deeds to record the legal documents paid to a city, county, or other appropriate branch of government. Read More
- RecourseA loan for which the borrower is personally liable for payment if the borrower defaults. Read More
- Redline, Red Lined PrintsBlueprints that reflect changes and that are marked with red pencil. Read More
- ReducerA fitting with different size openings at either end and used to go from a larger to a smaller pipe. Read More
- Refinance RateWhen referring to title insurance, the refinance rate is the reduced rate for a loan policy issued on the new loan in a refinance transaction,(...) Read More
- RefinancingThe process of paying off one loan with the proceeds from a new loan secured by the same property (May include all the proceeds used to pay off(...) Read More
- Reflective InsulationSheet material with one or both faces covered with aluminum foil. Read More
- RefrigerantA substance that remains a gas at low temperatures and pressure and can be used to transfer heat. Freon is an example and is used in air(...) Read More
- Refrigerator PanelTrim panels that match your cabinet finish are sometimes available to cover the front panel of your refrigerator. Only certain models of(...) Read More
- RegisterA grill placed over a heating duct or cold air return. Read More
- ReglazeTo replace a broken window. Read More
- Rehab LoanA mortgage loan made to cover the costs of repairing, improving, and sometimes acquiring an existing property. Read More
- Rehab LoansThe strategy of purchasing a property in need of repairs, renovating it, then selling it at a profit. Fix and Flip loans, also known as rehab(...) Read More
- RehabilitationRepairs and improvements to be completed on an investment property to prepare it for resale or make it tenant-ready. Read More
- Rehabilitation MortgageA mortgage loan made to cover the costs of repairing, improving, and sometimes acquiring an existing property. Read More
- Reinforced ConcreteConcrete that is embedded with steel mesh or rebar to increase strength. Read More
- Reissue RateWhen referring to title insurance, the reissue rate is the reduced rate for an Owner’s Policy of title insurance issued on a property that was(...) Read More
- Release of LienUsed to cancel a lien that has already been filed. These are typically used to cancel the filed claim for public records. Read More
- Relief ValveA device designed to open if it detects excess temperature or pressure. Read More
- Remaining TermThe original number of payments due on the loan minus the number of payments that have been made. Read More
- RemediationReversing or stopping environmental damage. Read More
- RemodelingOften confused with a renovation project €“ which refers to repairing and/or renewing a property to a better condition -- a home remodel(...) Read More
- Remodeling ContractA remodeling contract is a thorough contract that includes all of the details and pricing of a project to avoid miscommunication between the(...) Read More
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