A Recognized Environmental Condition, or REC, is a term used in a Phase I ESA report to identify a particular, potential environmental impairment on a property. However, finding a REC, HREC or CREC in a report is no reason to panic if you have a grasp of what they mean for your transaction.
What does rec mean in mortgage?
The definition of mortgage term: Real Estate Commission
A department or agency that oversees real estate license of real estate agents an brokers. Each state has it’s own commission.
What does rec stand for in construction?
Recognized Environmental Concern (REC) is one of the terms used to identify environmental liability within the context of a Phase I Environmental Site Assessment.
How do you make real estate connections?
Here are a few tips for beginning to build your network.
- Be A Card Taker. …
- Spend Time With New People. …
- Join Local Organizations, Chambers, Or Networking Groups. …
- Attend Conferences And Real Estate Networking Events. …
- Have Fun. …
- Develop A Rock Star Team. …
- Create A Website And An Online Presence. …
- Stay Active On Social Media.
What is rec home?
Now introducing REC @ HOME, your local online resource for family activities, health & wellness, continuous learning, community connections, and more! … We will continue to develop new content weekly.
What is hazard disbursement on a mortgage?
Hazard insurance protects a homeowner against the costs of damage from fire, vandalism, smoke and other causes. When you take out a mortgage, the lender will require you to take out hazard insurance to protect their investment; many lenders will incorporate the insurance payment into your monthly mortgage payment.
Does Rec mean recommendation?
The best way to abbreviate Recommendation or Recommend is REC or sometimes just R. (but mainly this word is better to be abbreviated with the word that follows it. for example “the recommendation standard” can be abbreviated as the RS.)
What is REC in banking?
Definition: A bank reconciliation or bank rec is a report used to check and explain the differences between the cash balance in a company’s accounting ledger and the bank statement balance. A bank reconciliation is also one of the main ways to prevent fraud and embezzlement of company funds.
Is Rec short for recommendation?
(transitive, informal) To recommend. (transitive, informal) To record.
How much do the top Realtors make?
Each real estate office sets its own standards for top producers, but it’s safe to say that a top producer would have to sell at least one home per month to qualify. Top producers earn around $112,610 a year to start, according to the BLS. 1 Mega-stars could earn $500,000 per year and up.
Why is networking important for real estate?
By making networking a priority you will not only gain more contacts but also gain more deals. The deals you do get will have a much greater chance of making it to the closing table. Regardless of where you are in your business you need to constantly focus on real estate networking.
How do Realtors connect to lenders?
How to Market to Realtors as a Loan Officer
- Marketing to Realtors is About Building Relationships. …
- Email Marketing is a Good Way to Stay in Touch. …
- Social Media Marketing Expands Everyone’s Reach. …
- Open Houses are an Opportunity to Meet Realtors Face to Face. …
- Co-Branded Marketing Makes THEM Look Good.