The word "REAZ" is spelled with the letter R-E-A-Z. The phonetic transcription of this word is /riːz/. The first letter, /r/, is a voiced alveolar approximant. The following two letters, /iː/, represent a long vowel sound. The fourth letter, /z/, is a voiced alveolar fricative. Therefore, the word "REAZ" is pronounced as "reez". It is important to spell and pronounce words correctly to ensure effective communication and proper understanding.