A designation given to a real estate broker or sales-associate who is a member of a board associated with the National Association of Realtors or with the National Association of Real Estate Boards.
(1) The renewing of an existing loan with the same borrower and lender.
(2) A loan on the same property by either the same lender or borrower.
(3) The selling of loans by the original lender.
Registrar of Deeds
A term used in some states to describe the person in charge of recorded instruments. More commonly called a recorder.
In the case of a trust, this term refers to the individual who will receive the principal of a trust when final distribution takes place.
RESPA (Real Estate Settlement Procedures Act)
A federal statute effective June 20, 1975, requiring disclosure of certain costs in the sale of residential (one to four family) improved property which is to be financed by a federally insured lender.
Profit earned by a capital investment or other type of security.
A type of trust that can be terminated by the settler (the opposite of an irrevocable trust).
The chance that an investment could lose or fail to maintain value.