Montclair, Upper Montclair, Glen Ridge and West Orange real estate, luxury properties and unique homes for sale in New Jersey - Roberta Baldwin, REALTOR® Roberta Baldwin REALTOR(r) for real estate, luxury properties and unique homes, in Montclair, Upper Montclair, Glen Ridge and West Orange New Jersey real estate - NUMBER1EXPERT™ Roberta Baldwin NUMBER1EXPERT(tm) for real estate, luxury properties and unique homes, in Montclair, Upper Montclair, Glen Ridge and West Orange New Jersey real estate
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Real Estate Dictionary: Montclair, Upper Montclair, Glen Ridge and West Orange New Jersey home buying, real estate listings, and homes for sale in Essex                          County, NJ
Welcome > Resources > Real Estate Dictionary - A

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

R

Radon

A radioactive gas that can cause health problems if present in sufficient concentration, found in some structures

Rate cap

In an adjustable-rate loan, the ceiling on the amount that the interest rate can be increased at each adjustment

Rate lock, or lock-in

A commitment to a specified fixed interest rate for a designated period of time, issued by a lender

Real estate agent

An individual trained and licensed to negotiate the sale of real estate on behalf of the property owner

Real estate investment trust (REIT)

An organization of individuals who purchase certificates of ownership in the trust, which then invests their money in real property, distributing the profits back to the individual investors free of corporate income tax

Real Estate Settlement Procedures Act (RESPA)

A federal consumer protection law that requires certain disclosures of lenders to consumers relative to mortgage loans

Real property

Land and appurtenances permanently on it, including buildings, trees, minerals, and the interest, benefits, and inherent rights thereof

Realtor

A real estate professional who holds active membership in a local real estate board that is affiliated with the National Association of Realtors

Realtor®

The registered trademark reserved for the sole use of members of local Realtor boards affiliated with the National Association of Realtors; other real estate professionals who do not belong to the local board may not advertise themselves as Realtors

Recision

The cancellation or annulment of a transaction or contract based on law or by mutual consent

Recording

The entering or noting of documents affecting all transactions of real estate in the recorder's office in each county, making it public record; until recorded, a mortgage or deed is usually not valid against subsequent buyers

Recording fees

Payment made to the lender for recording the sale of a property with the county office

Refinance

To obtain a new mortgage loan on a property already owned

Regulation Z

A federal law that requires disclosure by a credit institution or lender of the terms, conditions, and full cost of a loan or mortgage, including the annual percentage rate and any other charges, to the borrower when they apply for the loan

Remainder

An interest in land that is postponed until the termination of some other interest

RESPA

Abbreviation for the Real Estate Settlement Procedures Act, which is a federal law that requires lenders to provide information on estimated settlement costs, which is available for review by the buyers one time after application, and again once prior to or at the closing

Restrictive covenants, or Protective covenants

A provision in a deed that limits how real estate ownership may be used

Reverse-annuity mortgage (RAM)

A loan or mortgage whereby the amount of the monthly payments the borrower receives is based on accumulated equity, rather than on the agreed-upon total sum loaned

Reversion

A clause in a transfer of title that returns the property to the grantor upon specified events or occurrences happening

Right of first refusal

The right specified in an agreement to have the first opportunity to purchase or lease a given property before it is offered to others, or alternately, the prior right to purchase a property based on the same terms made by another buyer that were acceptable by the seller

Right of survivorship

In joint tenancy, when one of the joint tenants dies, the right of the survivors to the deceased's interest in the property

Right-of-way

Permission to pass across the property of another

Riparian rights

The right of an owner of property to make use of waterways adjoining the property

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z



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Roberta Baldwin, REALTOR®, real estate agent and broker for Montclair, Upper Montclair, Glen Ridge and West Orange New Jersey home listings, property and land for sale - NUMBER1EXPERT(tm)

Roberta Plutzik Baldwin
RE/MAX Village Square

516 Valley Road
Upper Montclair
New Jersey 07043
Office: 973-509-2222 x 104
Cell: 973-420-9043
Fax: 973-509-7779
robertabaldwin@verizon.net
RPBPhoenix@aol.com

Over the past decade plus, Roberta Baldwin has become one of Essex County's most respected real estate professionals, often quoted in the national media and, in 2007, a featured Realtor on the HGTV show "Bought & Sold". In 2007, The Baldwin Dream Team was a Top 3 RE/MAX team statewide, dollar volume. In 2006 & 2007, The Baldwin Dream Team ranked among the Top 2 producers in RE/MAX Village Square's 5-office network in Essex County, NJ and nationally at the coveted Chairman's Club service level. A recipient of the New Jersey Association of Realtors® Circle of Excellence Sales Award for the past 11 years, Roberta brings a myriad of talents to the job of helping her clients buy and sell homes. In 2003, she was named "Realtor of the Year" by the West Essex Board of Realtors. An award-winning former journalist, author, newspaper editor, marketing and publishing executive, her well-honed organizational, creative, and people skills are brought to bear on every deal she negotiates. She specializes in “staging homes” to give them a marketplace edge and, a such, has been the subject of feature articles in the New York Times, Star Ledger and other area newspapers. As past chair of the West Essex Board of Realtors’ Community Service Committee, she developed Library in a Box, an innovative, award-winning community literacy project bringing new children’s books to area daycare centers and also launched the now-annual "Just Sweaters" campaign for the WEBOR, spearheading the collection of warm garments for charity. A native of Rochester, NY, Roberta is Essex County, NJ's only top real estate producer who has also produced an off-Broadway musical, called (appropriately enough) “Suburb”. As the official biographer of singer Lionel Richie, in late 2004 she appeared as a 'talking head' on E!Entertainment's bio of the Richie family. Roberta is married to biographer and historian Neil Baldwin (please visit him at www.neilbaldwinbooks.com!) They have two grown children -- Allegra, a young executive in the fashion industry, and Nick, a member of The Baldwin Dream Team -- who grew up happily in Montclair and Glen Ridge after spending their earliest years in Brooklyn Heights, NY. In early 2004, Roberta welcomed longtime Montclair resident Tamima Friedman to her real estate team. You may access Tamima and the rest of the team's bios on the "About Me" tab, in the "My Associates Page" at the top of this website's Home Page. Tamima, a former freelance writer and home renovator, spent a decade in the Far East before relocating to Montclair, NJ. The Baldwin Team grew again in 2005, as Nancy S. Chu came to us with a wonderful combination of administrative acumen and creative talent. Nancy was an administrator at NYU Medical Center and a highly-regarded NY theater director prior to joining RE/MAX. She speaks Mandarin Chinese. In 2007, Sidney Simon relocated from Atlanta to join the team after a career career in human resources; Nick Baldwin segued from his personal training business to cover our rental and condo buyers, and Sam Anderson, a well-known local Realtor, became our transaction coordinator and investment and multi-family specialist. The team welcomes buyers from the world over to email or call them to discuss living in Essex County's beautiful towns; local residents are invited to experience the professionalism of The Baldwin Dream Team when they are ready to sell their homes. We are at your service!

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