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Term Definition
Real Estate Settlement StatementFinal settlement statement often referred to as the HUD-1 form, used to itemize buyer, seller, broker, and lender charges and credits at closing.
 
RealtorA real estate broker or sales associate affiliated with the National Association of Realtors.
 
Recording FeeThe charges made by the register of deeds to record the legal documents.
 
RefinancingRepaying a debt with the proceeds of a new loan, using the same property as collateral or security.
 


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