The map, which is filed in the office of the county recorder, of a specific land area that shows the boundaries of individual properties.
Recorder
Public official who is responsible for keeping records of all real estate transactions.
Recording
Filing of property-related documents into the public record.
Recording fee
Fee charged for conveying the sale of a piece of property into the public record.
Recourse loan
Loan that gives the lender access to additional capital beyond the pledge collateral which secures the loan. If the borrower defaults on the loan, the lender may pursue other assets to recover their loan in full.
Recovery
The amount of water in gallons that can be heated in one hour. (gph).
Recovery factor (rf)
Rating based on the efficiency of the product which is input required to raise 1 gallon of water 1 degree Fahrenheit.
Recovery fund
In those states that have recovery funds, a charge is assessed as part of the registration fee for licensed real estate brokers, as a contribution to the fund, which is used to compensate individuals who have sustained losses in a transaction with a broker or agent. If a settlement is awarded by the state's real estate commission, the funds assets will be debited if the broker or agent fails to provide a recovery.
Recovery period
Period of time, determined by each individual state, in which a person can seek financial recovery from a broker or agent.
Rectangle
A four-sided polygon with four right angles (90 degrees).
