Clicking this function will start real time rendering for the 3D scene, using the parameters in Render Settings. The function short-cut is F4, and RT rendering can be stopped by un-toggling the Real Time function button or pressing F4.
Real-time Clay Mode
This function starts real time rendering in clay mode. Which is a real time rendering mode used for viewing the effect of lights in scenes, by changing all materials, except glass and emitter materials, to gray matt.