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  real-estate syndicate.A group of investors who pool their money for the buying and selling of real property. • Most real-estate syndicates operate as limited partnerships or real-estate investment trusts. [Blacks Law 8th]

Real Estate Settlement Procedures Act.A federal law that requires lenders to provide home buyers with information about known or estimated settlement costs. 12 USCA §§ 2601–2617. — Abbr. RESPA. See REGULATION X. [Cases: Consumer Credit 30. C.J.S. Interest and Usury; Consumer Credit §§ 317–318.] [Blacks Law 8th]

real estate owned.Property acquired by a lender, usu. through foreclosure, in satisfaction of a debt. — Abbr. REO. [Cases: Mortgages 534. C.J.S. Mortgages § 897.] [Blacks Law 8th]

  real-estate mortgage trust.A real-estate investment trust that buys and sells the mortgages on real property rather than the real property itself. — Abbr. REMT. Cf. REAL-ESTATE INVESTMENT TRUST. [Blacks Law 8th]

real-estate-mortgage investment conduit.An entity that holds a fixed pool of mortgages or mortgage-backed securities (such as collateralized mortgage obligations), issues interests in itself to investors, and receives favorable tax treatment by passing its income through to those investors. Real-estate-mortgage investment conduits were created by the Tax Reform Act of 1986. They can be organized as…

real-estate investment trust.A company that invests in and manages a portfolio of real estate, with the majority of the trust’s income distributed to its shareholders. • Such a trust may qualify for special income-tax treatment if it distributes 95% of its income to its shareholders. — Abbr. REIT. See investment company under COMPANY. Cf. REAL-ESTATE…

real-estate broker.See BROKER. [Blacks Law 8th]

real-estate agent.See AGENT(2). [Blacks Law 8th]

  real estate.See real property under PROPERTY. [Blacks Law 8th]

real earnings.See EARNINGS. [Blacks Law 8th]