Ranch House An architectural style typified by a single-story, low-roof construction. Popular in the western U.S. Rate Lock A guarantee from a lender of a specific interest rate for a period of time. Raw Land Any land which has not been developed. Real Estate Land and anything permanently affixed to the land and those things attached to the building. Real Estate Broker A middle man or agent who buys and sells real estate for a company, firm, or individual on a commission basis. The broker does not have title to the property, but generally represents the owner. Real Estate Tax A pecuniary charge laid upon real property for public purposes. Real Estate Mortgage Investment Conduit (REMIC) A security that represents a beneficial interest in a trust having multiple classes of securities. The securities of each class entitle investors to cash flows structured differently from the payments on the underlying mortgages. Realtor Registered name for a member of the National Association Of Realtors. Realtor Associate Salesperson associated with a broker who is a member of a the National Association Of Realtors. Realty A synonym for real estate. Real Property Land, improvements and appurtenances, and the interest and benefits thereof.
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