Determining black hole masses and accretion rates with better accuracy and precision is crucial for understanding quasars as a population. These are fundamental physical properties that underpin models of active galactic nuclei. A primary technique to measure the black hole mass employs the reverberation mapping of low-redshift quasars, which is then extended via the radius-luminosity relationship for the broad-line region to estimate masses based on single-epoch spectra. An updated radius-luminosity relationship incorporates the flux ratio of optical Fe ii to H$\beta$ ($\equiv \mathcal{R}_{\rm Fe}$) to correct for a bias in which more highly accreting systems have smaller line-emitting regions than previously realized. In this current work, we demonstrate and quantify the effect of using this Fe-corrected radius-luminosity relationship on mass estimation by employing archival data sets possessing rest-frame optical spectra over a wide range of redshifts. We find that failure to use a Fe-corrected radius predictor results in overestimated single-epoch black hole masses for the most highly accreting quasars. Their accretion rate measures ($L_{\rm Bol}/ L_{\rm Edd}$ and $\dot{\mathscr{M}}$), are similarly underestimated. The strongest Fe-emitting quasars belong to two classes: high-z quasars with rest-frame optical spectra, which given their extremely high luminosities, require high accretion rates, and their low-z analogs, which given their low black holes masses, must have high accretion rates to meet survey flux limits. These classes have mass corrections downward of about a factor of two, on average. These results strengthen the association of the dominant Eigenvector 1 parameter $\mathcal{R}_{\rm Fe}$ with the accretion process.
Comment: Accepted by MNRAS, 16 pages. All figures are included in the source zip file (Download --> Other formats --> Source)