real estate broker gloss

R-Value - R-Value is the term used to indicate a materials resistance to heat flow or it's ability to insulate. This R- value given to the thermal effectiveness of insulation can be used as a common denominator to compare the type of insulation being installed. See a chart of some common R-Values.

Real Estate Broker - An agent who represents a buyer or seller in a real estate transaction.

Real Estate Settlement Procedures Act - Law requiring lenders to give borrowers advance notice of closing costs.

Real Property - Land and everything that is permanently affixed to it.

Realtor - Real estate professional who is a member of the National Association of Realtors.

Recision - The cancellation of a mortgage loan, permitted by law within three days of signing when the loan is not used to purchase a home.

Reclamation - The right of the person with title to a property to recover it from the debtor in event of a bankruptcy.

Reconveyance - The transfer of property back to the owner when a mortgage is fully repaid.

Recording - The act of entering documents concerning title to a property into the public records.

Recording Fee - Money paid to an agent for entering the sale of a property into the public records.