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Real Estate Terms to Know > Abbreviations > Flashcards

Abbreviations Flashcards

Know your Real estate abbreviations

1
Q

ADD

A

Addendum

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2
Q

BA

A

Buyer’s Agent

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3
Q

BDD

A

Buyer Due Diligence

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4
Q

CD

A

Closing Disclosure

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5
Q

CMA

A

Comparative Market Analysis

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6
Q

CO

A

Certificate of Occupancy

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7
Q

CTC

A

Clear to Close

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8
Q

DA

A

Disbursement Authorization

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9
Q

DD

A

Due Diligence

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10
Q

DL

A

Dotloop

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11
Q

DOB

A

Date of Birth

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12
Q

EA

A

Executive Assistant

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13
Q

EM

A

Emailed

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14
Q

EMR

A

Earnest Money Receipt

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15
Q

EOB

A

End of Business

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16
Q

ERS

A

Exclusive Right to Sell

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17
Q

EXT

A

Extension/Extended

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18
Q

F/A

A

Finance and Appraisal

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19
Q

FHA

A

Federal Housing Administration

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20
Q

FYP

A

For Your Protection

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21
Q

GB

A

Glen Beck

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22
Q

GM

A

Good Morning

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23
Q

GS

A

Greensheet

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24
Q

HOA

A

Home owner’s Association

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25
Q

HR

A

Human Resources

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26
Q

HW

A

Home Warranty

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27
Q

KW

A

Keller Williams

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28
Q

LA

A

Listing Agent

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29
Q

LBP or LBPD

A

Lead Base Paint Disclosure

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30
Q

LM

A

Left Message

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31
Q

LMK

A

Let Me Know

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32
Q

MLS

A

Multiple Listing Service

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33
Q

POA

A

Power of Attorney

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34
Q

PP

A

Purchase Price

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35
Q

PR

A

Property Report

36
Q

REO

A

Real Estate (Bank) Owned

37
Q

REPC

A

Real Estate Purchase Contract

38
Q

ROI

A

Return on Investment

39
Q

SB

A

See Below

40
Q

SPD or SPCD

A

Seller Property Disclosures

41
Q

SS

A

Short Sale
Settlement Statement
Skyslope

42
Q

TDR

A

Transaction Doc receipt

43
Q

TC

A

Transaction Coordinator

44
Q

UC or U/C

A

Under Contract

45
Q

VA

A

Veterans Affairs

46
Q

VM

A

Voicemail

47
Q

LVM

A

Left Voice Mail

48
Q

SC

A

Simply Coordinated

49
Q

ABD

A

Affiliated Business Disclosure

50
Q

ADD.EM

A

Addendum for Earnest Money

51
Q

BBA

A

Buyer Broker Agreement

52
Q

BB.ADD

A

Buyer Broker Addendum

53
Q

BW

A

Buyer Walk through

54
Q

CA

A

Commission Agreement

55
Q

CAL

A

Calendar

56
Q

CCRS

A

Codes, Covenants, and Restrictions

57
Q

CFA

A

Compliance Fee Addendum

58
Q

DUS

A

Docusign

59
Q

DSF

A

Document (or Storage) Security Fee

60
Q

ERS.ADD

A

Listing Agreement Addendum

61
Q

EXC

A

Exclusion

62
Q

F/R

A

Fund and Record

63
Q

GD

A

Google Drive

64
Q

GM

A

Good Morning

65
Q

HUD

A

/another Word For Settlement statement- Not frequently used

66
Q

HW

A

Home Warranty

67
Q

INC

A

Include

68
Q

RP

A

Realty Path

69
Q

SC

A

Simply Coordinated

70
Q

SCF

A

Secondary Commission Form

71
Q

SSD

A

Short Sale Disclosure

72
Q

STB

A

Submit to Broker

73
Q

TR

A

Transaction Rooms

74
Q

TWI

A

Title wiring Instructions

75
Q

VA

A

Virtual Assistant

Veterans Affairs

76
Q

WF

A

Wire Fraud

77
Q

Plat Map

A

Boundary Map of the Property

78
Q

Appraisal

A

Value of the home based on market conditions

79
Q

CCRS

A

Codes, Covenants, and Restrictions-“Rules of the Community. Does NOT need to be located in HOA to have these

80
Q

Net Commission

A 
When Commission(3%) is calculated off of purchase price minus(-) concessions. 
Ex: $300,000-$5,000=$295,000. $295,000 x .03% = $8850.
81
Q

Gross Commissions

A 
When commission (3%) is off the top of purchase price.
Ex: $300,000 x .03% = $9,000
82
Q

Seller Concessions

A

Seller Paid Closing Cost

83
Q

Compliance Fee

A

Additional Commission an agent CAN charge clients. Common is $95 up to $599. Some agents charge $0.

84
Q

Possession Deadline

A

Deadline of which buyers will receive keys & Sellers need to be completely out.

85
Q

Ratification Date

A

Date the LAST parties sign the final document making them officially “under contract”

86
Q

Earnest Money

A

Small deposits that shows buyers interest in the property. Does go towards buyer’s closing costs at settlement. Can be refunded to the buyer if they cancel prior to the due diligience deadline, or finance and appraisal deadline. Some cases can be non-refundable and will go to the seller if contract is canceled.

87
Q

Settlement vs. Closing

A

Settlement is when buyer/seller goes to the Title Company to SIGN docs.

Real Estate Terms to Know (1 decks)

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