According to the search results, "reet" can refer to two different things:
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Real Estate Excise Tax (REET): This is a tax on the sale of real property in the state of Washington. All sales of real property in the state are subject to REET unless a specific exemption is claimed. The seller of the property typically pays the real estate excise tax, although the buyer is liable for the tax if it is not paid. The tax rate is between 1.1% and 3.0% of the sales price of the property. There are certain exemptions and deductions that may apply to the REET, such as exemptions for affordable housing and transfers between family members. The REET is collected by the county in which the property is located and is due at the time of the sale.
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A dialectal variant of "right": According to Merriam-Webster, "reet" is a chiefly dialectal variant of "right".
It is important to note that the two meanings are unrelated.
