[
Dictionary of Terms ]
 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
R
RAM
reverse annuity mortgage.
RANCH
HOUSE originally a low, rambling, one-story house typical of
the western United States; now used to describe almost any one-story
house.
RANGE
LINES lines parallel to a principal meridian, marking off the
land into 6-rnile strips known as ranges; they are numbered east
or west of a principal meridian in the Government Rectangular
Survey
RATE
OF INTEREST same as interest rate.
RATE
OF RETURN the percentage relationship between the earnings and
the cost of an investment.
RATE
OF RETURN OF INVESTMENT same as recapture rate.
RAW
LAND acreage with no added improvements, such as landscaping,
drainage, streets, utilities, and structures.
READY,
WILLING, AND ABLE capable of an action and disposed to act
REAL
ESTATE 1. In law, land and everything more or less attached to
it. Ownership below to the center of the earth and above to the
heavens
REAL
ESTATE COMMISSION state agency that enforces real estate license
laws.
REAL
ESTATE EDUCATORS ASSOCIATION a professional organization primarily
composed of persons who teach real estate in junior colleges
and proprietary license preparation schools.
REAL
ESTATE INVESTMENT TRUST (REIT) a real estate mutual fund, allowed
by income tax laws to avoid the corporate income tax. It sells
shares of ownership and must invest in real estate or mortgages.
It must meet certain other requirements, including minimum number
of shareholders, widely dispersed ownership, asset and income
tests.
REAL
ESTATE MARKET the potential buyers and sellers of real property
at the current time, and the current transaction activity for
real property. It includes markets for various property types,
such as housing market, office market, condominium market, land
market.
|
Home
