| Real Estate Settlement Statement |
Final settlement statement often referred to as the HUD-1 form, used to itemise buyer, seller, broker and lender charges and credits at closing. |
| Realtor |
A real estate broker or sales associate affiliated with the National Association of Realtors. |
| Real Value |
In contrast to nominal value, real value takes inflation into account when calculating worth. |
| Recession |
Too often used as an alternative to depression. An economy has slowed down considerably, but not to the depths of an economic trough. |
| Recording Fee |
The charges made by the register of deeds to record the legal documents. |
| Refinancing |
Repaying a debt with the proceeds of a new loan, using the same property as collateral or security. |
| Registration of Mortgage |
The administration procedure that takes place following the settlement. The mortgage document and certificate of title are stamped and all relevant details are noted on the C/T. The duplicates are then lodged at the Titles Office. |
| Risk |
A negative factor in a loan proposal. |
