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Real Estate Terms - R

A method of group investment with certain tax advantages. It is governed by federal and state laws.

Land and generally anything erected on, growing on or attached to the land.

A real estate broker holding membership in a real estate board affiliated with the National Association of Realtors.

(1) The buying back of one's property after it has been lost through foreclosure. (2) Payment of delinquent taxes after sale to the state.

Principle that a higher value property will tend to fall to that of the lesser-quality properties surrounding it.

Consideration, usually money, for the occupancy and use of real property