New York real estate glossary
Know the term. Understand the rule.
Search 189 exam terms from all 19 New York salesperson curriculum subjects. Every definition opens into a sourced guide with an exam cue, a practical example and the distinction students often miss.
How to use this glossary
Read the short definition first. Then open the term for the exam pattern, New York example and common mix-up.
Filter by topic All 19 topics
11 terms beginning with R
Showing 1 to 11
R
Construction and environment
Radon
A naturally occurring radioactive gas that can enter buildings from the ground and cannot be seen or smelled.
Open term guideFair housing
Reasonable accommodation
A change to a rule, policy, practice or service that may be needed for a person with a disability to use and enjoy housing equally.
Open term guideFair housing
Reasonable modification
A physical change to housing that may be needed for a person with a disability to use and enjoy it equally.
Open term guideProperty rights and title
Recording
Placing an eligible real estate document in the public land records maintained by the appropriate recording office.
Open term guideFair housing
Redlining
Denying, restricting or worsening housing-related services because of an area's location or protected-class makeup.
Open term guideMortgage brokerage
Referral fee
Compensation paid for directing business or a customer to another provider.
Open term guideCommercial and investment
Rent roll
A property record listing tenants, units, lease terms, rents and other recurring occupancy information.
Open term guideProperty insurance
Replacement cost
A loss-settlement basis tied to the cost to repair or replace covered property without a deduction for depreciation, subject to policy terms.
Open term guideLicense law
Representative broker
The individual broker responsible for a brokerage and for supervising associated licensees.
Open term guideProperty management
Reserve fund
Money set aside for future major repairs, replacements, emergencies or other planned property needs.
Open term guideLicensee safety
Risk reduction
Practical action that lowers the likelihood or severity of harm without claiming to eliminate all risk.
Open term guide