Guys, I was asked by a professor whom wishes to extend an invitation to me to attend his university as a 'visiting scholar', if I would like to take part in seminars or if I am more of a residential scholar?

Would you please explain to me what that is exactly?

You need to get back to the uni to get clarication on this, but I 'think' a 'residential 'scholar' means that you are integrated into the faculty, and will be involved with the general academic life.