The Real Estate Settlement Procedures Act, or RESPA, was created by Congress to help real estate clients fully understand the process. This law details the "good faith estimate" of terms and fees a lender must give the borrower in writing and states that the actual closing terms and costs must be provided to the borrower in writing before closing.

Real Property means one, several, or all interests, benefits, and rights inherent in the ownership of a parcel of land or water. 

(a) A parcel includes (unless limited by its legal description) the air space above it, the ground below it, and anything physically and firmly attached to it by a natural process or human action

(b) A parcel may also have rights attached to it by a legally prescribed procedure.

The legal classification of an interest, benefit, or right depends on its attributes rather than the name assigned to it.

Full - Fee Interest (Fee Simple) – maximum rights

Partial Interest – anything less than maximum

Ownership Interests – right to use/occupy/exclude others

Public Interests – rights of government over real property

Physical Interests – air, surface, subsurface rights

Claims – mortgage lien, judgement lien, tax lien

An entity, usually but not limited to non-Federal entities that receives a Federal award directly from a Federal awarding agency. The term recipient does not include subrecipients or individuals that are beneficiaries of the award.

The main location associated with the primary or lead recipient of this grant.

Funds that are deobligated the same fiscal year they were made available for obligation, and remain available to the grantee for re-obligation.

The U.S. Fish and Wildlife Service has eight different geographic regions with our headquarters located in Washington, D.C. Each region is dedicated to conserving the nation's fish and wildlife resources and fostering an environmental stewardship ethic based on ecological principles, scientific knowledge of fish and wildlife and a sense of moral responsibility. Learn more here: https://www.fws.gov/about/regions

The Rehabilitation Act became law in 1973. It prohibits discrimination due to disability for any type or service, dwelling, or activity that benefits from federal funding sources.

The "Relationships with other Grants" is a critical element in the Project Statement that describes any relationship between a project and other work funded by Federal grants that s planned, anticipated, or underway.

An offer of just compensation for federally funded real property acquisitions that displace persons from homes, businesses, or farms.

All research activities, both basic and applied, and all development activities that are performed by non-Federal entities. The term research also includes activities involving the training of individuals in research techniques where such activities utilize the same facilities as other research and development activities and where such activities are not included in the instruction function. “Research” is defined as a systematic study directed toward fuller scientific knowledge or understanding of the subject studied. “Development” is the systematic use of knowledge and understanding gained from research directed toward the production of useful materials, devices, systems, or methods, including design and development of prototypes and processes.