 |
|
A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
|
| RAFTER:
|
| A structural element of the roof, sloping from the peak to the outer walls. |
| RANCH HOUSE :
|
| An architectural style typified by a single-story, low-roof construction. Popular in the western U.S. |
| RATE LOCK :
|
| A guarantee from a lender of a specific interest rate for a period of time. |
| RAW LAND:
|
| Any land which has not been developed. |
| REAL ESTATE :
|
| A piece of land and any improvements or fixtures located on that land. |
| REAL ESTATE AGENT :
|
| A licensed professional who facilitates the buying and selling of real estate. |
| REAL ESTATE SETTLEMENT PROCEDURES ACT (RESPA) :
|
| A federal law requiring lenders to give full disclosure of closing costs to borrowers. |
| REAL PROPERTY:
|
| Land, improvements and appurtenances, and the interest and benefits thereof. |
| REALTOR® :
|
| A real estate agent or broker who is a member of the NATIONAL ASSOCIATION of REALTORS®. |
| RECEPTACLE:
|
| An electrical outlet to plug into. |
| RECORDER:
|
| A local government employee whose role it is to keep records of all real estate transactions within the jurisdiction. |
| RECORDING:
|
| The filing of a real estate transaction with the appropriate government agent (normally the RECORDER). A real estate transaction is considered final when it is recorded. |
| REFINANCE TRANSACTION :
|
| A new loan to pay off an existing loan. Typically to gain a lower interest rate or convert equity into cash. |
| REGISTER :
|
| Where air from a furnace or air conditioning system enters the room. |
| RELOCATION SERVICE:
|
| Any company or agency that assists corporate employees in relocating from one place to another. Services may include hiring and coordinating real estate agents, moving companies, utilizes and the like. |
| REMAINING BALANCE :
|
| The amount of principal, interest and other costs that has not yet been repaid. |
| REMAINING TERM :
|
| The amount of time remaining on the original amortization schedule. |
| REMODEL :
|
| An activity designed to improve the value or desirability of a property through rebuilding, refurbishing, redecorating or adding on to it. |
| REPAYMENT PLAN:
|
| A plan to repay delinquent payments, agreed upon between a lender and borrower, in an effort to avoid foreclosure. |
| REPLACEMENT RESERVE FUND :
|
| An account, or fund, setup for the replacement of short life items, such as carpeting, in the common areas of a cooperative property. |
| RESIDENTIAL PROPERTY :
|
| A piece of property whose highest and best use is the maintenance of a residence. |
| REVOLVING DEBT:
|
| A type of credit that allows the borrower/customer to make charges against a predetermined line of credit. The customer then pays monthly installments on the amount borrowed, plus interest. |
| RIDGE BOARD :
|
| The structural member of a roof where the rafters join at the top. |
| RIGHT OF FIRST REFUSAL :
|
| An agreement giving a person the first opportunity to buy or lease a property before the owner offers it for sale to others. |
| ROOF PITCH :
|
| The degree of slope in a roof. |
| RURAL :
|
| An area outside of an established urban area or metropolitan district. |
