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Radon |
A radioactive gas that can cause health problems
if present in sufficient concentration, found in some
structures |
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Rate cap |
In an adjustable-rate loan, the ceiling on the
amount that the interest rate can be increased at each
adjustment |
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Rate lock, or lock-in |
A commitment to a specified fixed interest rate
for a designated period of time, issued by a lender |
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Real estate agent |
An individual trained and licensed to negotiate
the sale of real estate on behalf of the property owner |
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Real estate investment trust
(REIT) |
An organization of individuals who purchase
certificates of ownership in the trust, which then invests their money in real
property, distributing the profits back to the individual investors free of
corporate income tax |
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Real Estate Settlement Procedures Act
(RESPA) |
A federal consumer protection law that requires
certain disclosures of lenders to consumers relative to mortgage
loans |
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Real property |
Land and appurtenances permanently on it,
including buildings, trees, minerals, and the interest, benefits, and inherent
rights thereof |
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Realtor |
A real estate professional who holds active
membership in a local real estate board that is affiliated with the NATIONAL
ASSOCIATION OF REALTORS® |
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Realtor® |
The registered trademark reserved for the sole
use of members of local Realtor boards affiliated with the NATIONAL ASSOCIATION
OF REALTORS®; other real estate professionals who do not belong to the local
board may not advertise themselves as Realtors |
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Recision |
The cancellation or annulment of a transaction
or contract based on law or by mutual consent |
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Recording |
The entering or noting of documents affecting
all transactions of real estate in the recorder's office in each county, making
it public record; until recorded, a mortgage or deed is usually not valid
against subsequent buyers |
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Recording fees |
Payment made to the lender for recording the
sale of a property with the county office |
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Refinance |
To obtain a new mortgage loan on a property
already owned |
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Regulation Z |
A federal law that requires disclosure by a
credit institution or lender of the terms, conditions, and full cost of a loan
or mortgage, including the annual percentage rate and any other charges, to the
borrower when they apply for the loan |
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Remainder |
An interest in land that is postponed until the
termination of some other interest |
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RESPA |
Abbreviation for the Real Estate Settlement
Procedures Act, which is a federal law that requires lenders to provide
information on estimated settlement costs, which is available for review by the
buyers one time after application, and again once prior to or at the
closing |
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Restrictive covenants, or Protective
covenants |
A provision in a deed that limits how real
estate ownership may be used |
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Reverse-annuity mortgage
(RAM) |
A loan or mortgage whereby the amount of the
monthly payments the borrower receives is based on accumulated equity, rather
than on the agreed-upon total sum loaned |
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Reversion |
A clause in a transfer of title that returns the
property to the grantor upon specified events or occurrences
happening |
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Right of first refusal |
The right specified in an agreement to have the
first opportunity to purchase or lease a given property before it is offered to
others, or alternately, the prior right to purchase a property based on the
same terms made by another buyer that were acceptable by the
seller |
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Right of survivorship |
In joint tenancy, when one of the joint tenants
dies, the right of the survivors to the deceased's interest in the
property |
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Right-of-way |
Permission to pass across the property of
another |
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Riparian rights |
The right of an owner of property to make use of
waterways adjoining the property |
A B
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| Q |
What document must lenders provide within three days of receiving your application for financing?
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| A |
The "Truth In Lending Disclosure Statement" will give you complete financial information about the loan. |
 See More Real Estate Trivia > |
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Sherry (Zellars) Brower & Phil Brower
Realteam Real Estate Center
296 W Sunset Ave.
Coeur d'Alene, ID. 83815
Direct Line to Phil: 208-660-0072
Fax: 208-667-0292
Sherry's cell : 208-661-0191
Email: phil@lakecityteam.com
Email: sherry@lakecityteam.com
SHERRY is an 18 yr Realtor, helping over 525 buyers and sellers reach their goals. Phil is her partner & ONLY ONE CALL OR E-MAIL AWAY FROM HELPING YOU FIND THE RIGHT PROPERTY!! WHETHER IT'S A SMALL COTTAGE, A BRAND NEW HOME, A LUXURY WATERFRONT ESTATE, 5 ACRES OF RAW LAND, OR A DUPLEX, he is constantly previewing all newly listed properties.
When we help you to own a home (at no extra charge to you) we will give you our full attention starting with, LISTENING to your NEEDS & DESIRES, e-mailing you lots of PROPERTY PHOTOS to review privately, recommending experienced lenders with the BEST LOANS, suggesting favorite ACCOMODATIONS for your visit, showing you YOUR CHOICE of properties, negotiating for your BEST INTERESTS, recommending INSPECTORS who have a critical eye, TITLE Companies to expedite the paperwork, & recommending CONTRACTORS to make the property your own.
We specialize in helping you make your next move the best you've ever had!!
Representing a dedication to his profession, Phil is a candidate of the Certified Residential Specialist designation.
Phil would love to talk to you about your real estate needs and get you started toward owning property in North Idaho, so call him today!
Sherry loves to list homes in North Idaho and uses the latest technology to make the best impression of the home. This is only one of three websites that we have, to attract buyers to our listings. Call Sherry to get her started selling your home today.     
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