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Resolution Trust Corporation (RTC)
Resolution Trust Corporation (RTC) The RTC was established by Congress in 1989 to contain, manage and sell failed savings institutions and recover taxpayer funds through the management and sale of the institutions' assets.
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Management
Refers to the amount of personal or hired time, it takes to run the investment.
Assets
Real and personal property in which a person has an unencumbered ownership or equity and which has value.
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Resource Conservation and Recovery Act
Federal law administered by the EPA which regulates the generation, processing and transportation of hazardous waste.
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Reserve requirements
A flat percentage of deposits, required by the Federal Reserve, to be set aside by member banks as a precaution.
Resident alien
A person who is a legal permanent resident, but not a citizen, of the United States.
Residential purchase agreement
A model purchase agreement form, initially developed in 1985 by the California Association of Realtors in cooperation with the State Bar Association, that ensures a real estate purchase agreement will be complete and in compliance with state law.
Residential Sales Council
A not-for-profit affiliate of the NATIONAL ASSOCIATION OF REALTORS. The Council awards the Certified Residential Specialist (CRS) Designation, to experienced members who have completed an advanced course of study in residential real estate.
Residential Tenancies Tribunal
Specialist tribunal (under Government control) that determines most matters relating to residential tenancies including breaches of tenancy agreements by either the landlord or the tenant.
Resolution Trust Corporation (RTC)
Resource Conservation and Recovery Act
Federal law administered by the EPA which regulates the generation, processing and transportation of hazardous waste.
RESPA (Real Estate Settlement Procedures Act)
A federal regulation that requires lenders and mortgage brokers to disclose to borrowers, in advance, the fees required to obtain a mortgage loan.
Respondent
1) The party who makes an answer to a bill or other proceeding. 2) The party who contends against an appeal.
Restraining order
An order that may issue from filing for an injunction.
Restricted license
A probationary real estate license granted after a license was revoked, suspended or denied.
This dictionary contains 6433 terms. |
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