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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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A service of Jerry Johnson, REMAX associates plus, inc. |
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Copyright© 2010 by JA Consulting, Inc. |
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