In real estate and land development, reclamation is the process of improving land that is economically unusable or underutilized by physically altering its condition. This may involve activities such as filling, grading, draining, or otherwise modifying the land....

In real estate investment, recapture refers to the recovery of money that has been invested in a property. It represents the return of the investor’s original capital over time. Recapture is commonly realized through several sources, including the reduction of loan...

In real estate taxation, reassessment is the process of re estimating the value of all property within a specific area for tax assessment purposes. It is conducted periodically to ensure that property values reflect current market conditions. Reassessment affects the...

In real estate investment, a real estate syndicate is an organization of investors who join together to pool capital for the purpose of acquiring interests in real property. These syndicates are commonly structured as limited partnerships or similar entities. By...

In real estate finance, the Real Estate Settlement Procedures Act, commonly known as RESPA, is a federal law designed to protect borrowers by promoting transparency in real estate settlement and closing processes. It requires lenders to disclose settlement procedures...

In real estate finance, a real estate investment trust, commonly known as a REIT, is a business trust that primarily owns, manages, or finances interests in real property. It is typically organized to meet specific requirements of the Internal Revenue Code. REITs...

In real estate practice, REALTOR® is a professional designation used by real estate brokers and agents who are members of a local board or association affiliated with the National Association of REALTORS®. The term is a registered trademark and may be used only by...

In real estate law, real estate refers to land and all things permanently affixed to it. This includes buildings, fences, trees, and other improvements, as well as items attached to structures, such as heating systems, plumbing fixtures, light fixtures, and similar...

In real estate, raw land refers to land in its natural, undeveloped state. It has not been subdivided into lots and lacks improvements such as streets, utilities, buildings, or other infrastructure. Raw land is often held for future development or investment and may...

In real estate and agency law, ratification is the approval or adoption of an act that was performed on behalf of a person without prior authorization. It occurs when a principal accepts or affirms the actions of an agent after the acts have already been completed....