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Radon. A radioactive gas found in some homes that in sufficient concentrations can cause health problems.
Real estate agent. A person licensed to negotiate and transact the sale of real estate on behalf of the owner.
Real Estate Settlement Procedures Act. (RESPA) A consumer protection law that requires lenders to give borrowers advance notice of closing costs.
REALTOR®. A real estate professional who is a member of the National Association of REALTORS®. A registered trademark.
REBAC. Real Estate BUYER’S AGENT Council. A professional trade association of real estate agents who represent property buyers in real estate transactions. Affiliated with the National Association of REALTORS®.
Reverse annuity mortgage. A type of mortgage loan that a lender makes periodic payments to the borrower. The borrower’s equity in the home is used as security for the loan.
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