Terms Beginning with R
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Range
A stretch of land consisting of six miles that is measured...
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Ready, willing, and able buyer
One who is willing to purchase real estate on the conditions...
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Real estate broker
Any individual, partnership, association, or corporation...
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Real Estate Investment Trust (REIT)
Ownership of real estate held by a collection of individual...
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Real Estate Settlement Procedures Act (RESPA)
When the acquisition of a one- to four-family residential...
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Real estate
Land is defined as the section of the surface of the world...
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Real property
Real property consists of the land itself, as well as...
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Reality of consent
An element of all legitimate contracts. When a contract has...
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REALTOR®
A word that is protected by a registered trademark and is...
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Recapture
All depreciation or cost recovery taken on depreciable...
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Receiver
The person who has been assigned by the court to take care...
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Recission
The ending of a contractual arrangement with the parties'...
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Reconciliation
The concluding phase of the appraisal procedure, in which...
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Recording
The act of entering or registering papers affecting or...
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Recovery fund
A fund that has been formed in some jurisdictions using...
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Rectangular survey system
A method of surveying and documenting land that was first...
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Redemption period
A period of time that has been established by state law...
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Redlining
The unethical and unlawful practice of rejecting loans to...
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Regulation Z
A policy enacted by the Board of Governors of the Federal...
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Release
The act of giving up a claim or interest in a particular...
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Reliction
Increases in dry land that are caused by a moderate...
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Relocation service
A company that assists individuals in selling a home in one...
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Remainder
When an owner conveys a life estate to one party and the...
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Renegotiable rate mortgage
A mortgage loan that is issued for a length of three to five...
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Rent schedule
A statement of the projected rental rates for a building,...
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Rent
A rent is a regular payment paid by a renter of a property...
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Replacement cost
The amount of money that would need to be spent to create,...
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Reproduction cost
The cost of constructing an identical copy or replica at...
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Reservation in a deed
The process of establishing a new right in favor of the...
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Restriction
A restriction placed on the use of real property, which is...
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Reverse annuity mortgage
A kind of mortgage loan that enables the homeowner to...
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Reversion
The portion of an estate that remains in the ownership of...
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Reversionary right
The right of a property owner to retake ownership of leased...
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Rezoning
The steps that must be taken in order to alter the current...
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Right of first refusal
The privilege enjoyed by a person of being given the first...
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Riparian rights
The rights that an owner has in property that is bordered by...
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Rural development
Formerly known as the Farm Service Agency and the Farmer's...