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Real Estate Settlement Procedures Act

(RESPA) Real Estate Settlement Procedures Act is a federal law, enacted in 1974, which details the procedures to be followed in a real estate closing. It is intended to protect the borrower and seller by making everyone more knowledgeable about possible costs and charges.

See also:
  • Radon
  • Rate Lock
  • Real Estate Agent
  • Real Estate Commission
  • Real Estate Investment Trust
  • Real Estate Owned
  • Real Estate Settlement Procedures Act
  • Realtor
  • Refinancing
  • REIT
  • Rent with option to buy
  • REO
  • Reserves
  • RESPA
  • Restrictions
  • Return On Investment
  • Right of first refusal
  • Right of redemption
  • ROI
  • Rule of 72
  • Rural Development Loan

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