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Real Estate Settlement Procedures Act
A 1974 U.S. Federal law aimed at increasing transparency for homebuyers regarding settlement costs and eliminating kickbacks and fees that increase settlement costs for real estate transactions.
Real Estate Closing Procedures Act
Legislation that governs the process of closing on a property, ensuring transparency and fairness in real estate transactions.
Real Estate Financing Act
Legislation that governs the lending and financing practices related to real estate transactions, aiming to protect borrowers and ensure fair practices.
Escrow Agent
A neutral third party responsible for holding and regulating the payment of the funds required for two parties in a transaction.
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