Terms Beginning with R

  1. Range

    A stretch of land consisting of six miles that is measured...

  2. Ready, willing, and able buyer

    One who is willing to purchase real estate on the conditions...

  3. Real estate broker

    Any individual, partnership, association, or corporation...

  4. Real Estate Investment Trust (REIT)

    Ownership of real estate held by a collection of individual...

  5. Real Estate Settlement Procedures Act (RESPA)

    When the acquisition of a one- to four-family residential...

  6. Real estate

    Land is defined as the section of the surface of the world...

  7. Real property

    Real property consists of the land itself, as well as...

  8. Reality of consent

    An element of all legitimate contracts. When a contract has...

  9. REALTOR®

    A word that is protected by a registered trademark and is...

  10. Recapture

    All depreciation or cost recovery taken on depreciable...

  11. Receiver

    The person who has been assigned by the court to take care...

  12. Recission

    The ending of a contractual arrangement with the parties'...

  13. Reconciliation

    The concluding phase of the appraisal procedure, in which...

  14. Recording

    The act of entering or registering papers affecting or...

  15. Recovery fund

    A fund that has been formed in some jurisdictions using...

  16. Rectangular survey system

    A method of surveying and documenting land that was first...

  17. Redemption period

    A period of time that has been established by state law...

  18. Redlining

    The unethical and unlawful practice of rejecting loans to...

  19. Regulation Z

    A policy enacted by the Board of Governors of the Federal...

  20. Release

    The act of giving up a claim or interest in a particular...

  21. Reliction

    Increases in dry land that are caused by a moderate...

  22. Relocation service

    A company that assists individuals in selling a home in one...

  23. Remainder

    When an owner conveys a life estate to one party and the...

  24. Renegotiable rate mortgage

    A mortgage loan that is issued for a length of three to five...

  25. Rent schedule

    A statement of the projected rental rates for a building,...

  26. Rent

    A rent is a regular payment paid by a renter of a property...

  27. Replacement cost

    The amount of money that would need to be spent to create,...

  28. Reproduction cost

    The cost of constructing an identical copy or replica at...

  29. Reservation in a deed

    The process of establishing a new right in favor of the...

  30. Restriction

    A restriction placed on the use of real property, which is...

  31. Reverse annuity mortgage

    A kind of mortgage loan that enables the homeowner to...

  32. Reversion

    The portion of an estate that remains in the ownership of...

  33. Reversionary right

    The right of a property owner to retake ownership of leased...

  34. Rezoning

    The steps that must be taken in order to alter the current...

  35. Right of first refusal

    The privilege enjoyed by a person of being given the first...

  36. Riparian rights

    The rights that an owner has in property that is bordered by...

  37. Rural development

    Formerly known as the Farm Service Agency and the Farmer's...