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Real Estate Glossary of Terms

Replacement Reserve Fund

A fund set aside for replacement of common property in a condominium, PUD, or cooperative project -- particularly that which has a short life expectancy, such as carpeting, furniture, etc.

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Thayer D. Fairing, Licensed Real Estate Broker, License # BK3232450; 25 years of experience in the real estate profession.
He is a licensed Real Estate Broker, Licensed Mortgage Broker and Licensed Title Insurance Agent

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