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Results for  the letter R - Records (1 - 10) of 45

TermDefinition
 
Radon  A ground-generated radioactive gas that seeps into some homes through sump pumps, cracks in the foundation and other inlets. A leading cause of lung cancer , radon is found in mostly the northern half of the country.

Rafter  Rafters form the slope of a pitched roof and are analogous to floor joists.

Rammed-earth construction  An alternative building process in which dirt is compacted into large structural frames to create walls.

Ranch style  Modern ranch-style homes, popularized in the 1950s, were championed by such architectural giants as Frank Lloyd Wright.

Rate lock  When interest rates are volatile, many borrowers want to "lock in" an interest rate and many lenders will oblige, setting a limit on the amount of time the guaranteed interest rate is in effect.

Rate-improvement mortgage  A loan with a clause that entitles a borrower to a one-time cut in the interest rate without going through refinancing.

Real estate  Land and anything permanently affixed to it, including buildings, fences and other items attached to the structure.

Real estate agent  A real estate agent has a state license to represent a buyer or a seller in a real estate transaction in exchange for a commission. Most agents work for real estate brokers.

Real estate attorney  Lawyers who specialize in real estate transactions.

Real estate broker  A real estate agent who is licensed by the state to represent a buyer or seller in a real estate transaction in exchange for a commission. Most brokers also have agents working for them, and are entitled to a portion of their commissions.
 
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