Login
Home >> Tools >> Real Estate Glossary
REAL ESTATE TERMS GLOSSARY
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
rate lock A commitment issued by a lender to a borrower or other mortgage originator guaranteeing a specified interest rate for a specified period of time at a specific cost.
real estate agent A person licensed to negotiate and transact the sale of real estate.
Real Estate Settlement Procedures Act (RESPA) A consumer protection law that requires lenders to give borrowers advance notice of closing costs.
real property Land and appurtenances, including anything of a permanent nature such as structures, trees, minerals, and the interest, benefits, and inherent rights thereof.
Realtor? A real estate agent, broker or an associate who holds active membership in a local real estate board that is affiliated with the National Association of Realtors.
recorder The public official who keeps records of transactions that affect real property in the area. Sometimes known as a Registrar of Deeds or County Clerk.
recording The noting in the registrars office of the details of a properly executed legal document, such as a deed, a mortgage note, a satisfaction of mortgage, or an extension of mortgage, thereby making it a part of the public record.
refinance transaction The process of paying off one loan with the proceeds from a new loan using the same property as security.
remaining balance The amount of principal that has not yet been repaid. See principal balance.
remaining term The original amortization term minus the number of payments that have been applied.
rent loss insurance Insurance that protects a landlord against loss of rent or rental value due to fire or other casualty that renders the leased premises unavailable for use and as a result of which the tenant is excused from paying rent.
repayment plan An arrangement made to repay delinquent installments or advances.
replacement reserve fund A fund set aside for replacement of common property in a condominium, PUD, or cooperative project -- particularly that which has a short life expectancy, such as carpeting, furniture, etc.
revolving debt A credit arrangement, such as a credit card, that allows a customer to borrow against a preapproved line of credit when purchasing goods and services. The borrower is billed for the amount that is actually borrowed plus any interest due.
right of first refusal A provision in an agreement that requires the owner of a property to give another party the first opportunity to purchase or lease the property before he or she offers it for sale or lease to others.
right of ingress or egress The right to enter or leave designated premises.
right of survivorship In joint tenancy, the right of survivors to acquire the interest of a deceased joint tenant.
Certified Negotiation Expert
(925) 212-2446
Robin@AgentRobin.com
MEET ROBIN
AgentRobin
As a bay area native I pride myself on my detailed knowledge of the San Francisco bay and it's widely diverse communities. Having left a highly succesful high tech career in 2001 to pursue a more "friendly" people focused industry such as real estate. I bring the same energetic work ethic and real estate has become my passion which is shown in my highly successful real estate career
RE/MAX - America's #1 Real Estate Agency - By Far!
Experience, Dependability and Impecable Client Services is the difference!
COMMUNITIES
Alamo
Blackhawk
Danville
Diablo
Dublin
Lafayette
Livermore
Pleasanton
San Ramon
Walnut Creek
SERVICES
Buyer Information
Seller Information
Investors
Relocation
Short Sales
Market Analysis
Robin Brooks - REMAX Accord - 517 Sycamore Valley Road West - Danville, CA 94526 - (925) 212-2446