Commercial Investment Real Estate Institute (Cirei): A professional organization of real estate practitioners specializing in commercial real estate. CIREI, affiliated with the National Association of REALTORS®, confers the designation CCIM (Certified Commercial Investment Member).

 

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Commercial Investment Real Estate Institute (Cirei): A professional organization of real estate practitioners specializing in commercial real estate. CIREI, affiliated with the National Association of REALTORS®, confers the designation CCIM (C . . . View Full Definition

Real Estate Settlement Procedures Act (RESPA): A federal law, enacted in 1974 and later revised, that ensures that the buyer and seller in a real estate transaction have knowledge of all settlement costs when the purchase of a one-to-fou . . . View Full Definition

Real Estate Recovery Fund: A fund established in some states from real estate license revenues to cover claims of aggrieved parties who have suffered monetary damage through the actions of a real estate licensee.

Real Estate Transfer Disclosure Statement: As required by California Civil Code Sections 1102-1102.14, a transferee (buyer) of residential real property is entitled to a statement from the transferor (seller) which provides informati . . . View Full Definition

Real Exchange Rates: Exchange rates that have been adjusted for the inflation differential between two countries.

Real Gain Or Loss: A gain or loss adjusted for increasing prices by an inflation index such as the CPI.

Real Estate Owned (REO): A term used by lenders to refer to properties acquired through foreclosure.

Real Estate Mortgage Investment Conduit (REMIC): A tax entity that issues multiple classes of investor interests (securities) backed by a pool of mortgages.

Real Estate Educators Association (REEA): A professional organization established by and for real estate educators, including individuals and institutions. REEA is international in scope and represents every aspect of real estate ed . . . View Full Definition

Real Estate Dealer: A real estate dealer holds property primarily for resale to customers in the course of business, in contrast to a real estate investor who holds property for personal investment. Dealers are . . . View Full Definition