Real Estate Information
Florida Real Estate Glossary – R
State recording statutes that award title to the first bona fide purchaser to record his or her title when there are conflicting claims of ownership in the property.
In the United States Government Survey, the lines placed vertically every six miles between the guide meridians.
Form of real estate syndication in which investors hold trust interests and enjoy profits of trust's real estate holdings.
Federal statute regulating disclosure of closing costs in advance and prohibiting kickbacks for referring customers to title companies.
Group investment in real estate in the forms of trusts, partnerships, and corporations.
Trademark/name used by the National Association of Realtors (NAR) to refer to one of its members.
Process of placing a deed or other document on the public records to give notice of a transaction or interest in the land.
In multiunit housing, a lease that runs for a short period of time during each year; sometimes called time sharing.
Practice of targeting certain areas or neighborhood as high-risk areas for loans or insurance or requiring lower valuation.
Negotiating a new loan for real estate; generally done to obtain a lower rate or in the case of a sale, to allow a buyer to be able to purchase a property.
Under the 1933 Securities Act, an SEC regulation that provides three different small offering exemptions from registration according to limitations on size of the offering or the number of investors; includes Rules 504, 505, and 506.
(Truth-in-Lending Act) The Federal Reserve Board's regulations on disclosures in all types of credit transactions.
Future interest in someone other than the grantor; a remainder follows a life estate.
Statutory maximums for rents on residential property.
A tenant's right to repair leased premises when the landlord fails to do so and to deduct the cost of the repairs from his or her rent.
Right to treat a contract as if it never existed; rescind contract rights; generally appropriate in cases of fraud and misrepresentation.
Mortgages for the purchase of property to be used primarily as a residence for the buyer.
Defunct federal agency that handled savings and loan cleanup.
Federal law regulating hazardous waste and garbage that requires record keeping and controls amounts of garbage.
A form of mortgage that enables retired individuals to draw the equity from their homes in the form of a monthly payment. No payments or finance charges are due on the loan underlying the mortgage until the owner dies.
Future interest in grantor that results after life estate terminates and no remainder interest was given.
Model act on corporations; adopted in about one-third of states.
New statute updating ULPA.
Future interest in grantor that results when the grantee fails to honor the condition placed on the grant of a fee simple subject to a condition subsequent.
In water rights, governs the landowner who adjoins water; a theory that entitles all riparians to use of their water; does not allow one riparian to use all of the water.
A federal statute that attempted to regulate dumping in rivers and harbors; a predecessor to today's environmental statutes.
Interest landowner retains upon leasing of oil well.
Regulation D; the rules of the SEC on small-offering exemptions in securities sales.
Rule that prohibits the control of estates from the grave; provides a duration cap on contingent remainders and executory interests.
English rule that provides that if a landlord consents to one assignment of the lease by the tenant, the landlord consents to all subsequent assignments; most statutes have abolished by statute the effects of this rule.
Common law rule that merges future and present interests in A when grant is "To A for life, remainder to A's heirs"; has been abolished in many states.
In mineral rights, a first-in-time-is-first-in-right philosophy in which the first to take subsurface minerals has title regardless of property boundary lines.
In easements, the standard followed in making decisions regarding the expansion of easement use; in antitrust, a standard for determining non per se violations.
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