Abbreviations Flashcards
Know your Real estate abbreviations (87 cards)
1
Q
ADD
A
Addendum
2
Q
BA
A
Buyer’s Agent
3
Q
BDD
A
Buyer Due Diligence
4
Q
CD
A
Closing Disclosure
5
Q
CMA
A
Comparative Market Analysis
6
Q
CO
A
Certificate of Occupancy
7
Q
CTC
A
Clear to Close
8
Q
DA
A
Disbursement Authorization
9
Q
DD
A
Due Diligence
10
Q
DL
A
Dotloop
11
Q
DOB
A
Date of Birth
12
Q
EA
A
Executive Assistant
13
Q
EM
A
Emailed
14
Q
EMR
A
Earnest Money Receipt
15
Q
EOB
A
End of Business
16
Q
ERS
A
Exclusive Right to Sell
17
Q
EXT
A
Extension/Extended
18
Q
F/A
A
Finance and Appraisal
19
Q
FHA
A
Federal Housing Administration
20
Q
FYP
A
For Your Protection
21
Q
GB
A
Glen Beck
22
Q
GM
A
Good Morning
23
Q
GS
A
Greensheet
24
Q
HOA
A
Home owner’s Association
25
HR
Human Resources
26
HW
Home Warranty
27
KW
Keller Williams
28
LA
Listing Agent
29
LBP or LBPD
Lead Base Paint Disclosure
30
LM
Left Message
31
LMK
Let Me Know
32
MLS
Multiple Listing Service
33
POA
Power of Attorney
34
PP
Purchase Price
35
PR
Property Report
36
REO
Real Estate (Bank) Owned
37
REPC
Real Estate Purchase Contract
38
ROI
Return on Investment
39
SB
See Below
40
SPD or SPCD
Seller Property Disclosures
41
SS
Short Sale
Settlement Statement
Skyslope
42
TDR
Transaction Doc receipt
43
TC
Transaction Coordinator
44
UC or U/C
Under Contract
45
VA
Veterans Affairs
46
VM
Voicemail
47
LVM
Left Voice Mail
48
SC
Simply Coordinated
49
ABD
Affiliated Business Disclosure
50
ADD.EM
Addendum for Earnest Money
51
BBA
Buyer Broker Agreement
52
BB.ADD
Buyer Broker Addendum
53
BW
Buyer Walk through
54
CA
Commission Agreement
55
CAL
Calendar
56
CCRS
Codes, Covenants, and Restrictions
57
CFA
Compliance Fee Addendum
58
DUS
Docusign
59
DSF
Document (or Storage) Security Fee
60
ERS.ADD
Listing Agreement Addendum
61
EXC
Exclusion
62
F/R
Fund and Record
63
GD
Google Drive
64
GM
Good Morning
65
HUD
/another Word For Settlement statement- Not frequently used
66
HW
Home Warranty
67
INC
Include
68
RP
Realty Path
69
SC
Simply Coordinated
70
SCF
Secondary Commission Form
71
SSD
Short Sale Disclosure
72
STB
Submit to Broker
73
TR
Transaction Rooms
74
TWI
Title wiring Instructions
75
VA
Virtual Assistant
| Veterans Affairs
76
WF
Wire Fraud
77
Plat Map
Boundary Map of the Property
78
Appraisal
Value of the home based on market conditions
79
CCRS
Codes, Covenants, and Restrictions-"Rules of the Community. Does NOT need to be located in HOA to have these
80
Net Commission
```
When Commission(3%) is calculated off of purchase price minus(-) concessions.
Ex: $300,000-$5,000=$295,000. $295,000 x .03% = $8850.
```
81
Gross Commissions
```
When commission (3%) is off the top of purchase price.
Ex: $300,000 x .03% = $9,000
```
82
Seller Concessions
Seller Paid Closing Cost
83
Compliance Fee
Additional Commission an agent CAN charge clients. Common is $95 up to $599. Some agents charge $0.
84
Possession Deadline
Deadline of which buyers will receive keys & Sellers need to be completely out.
85
Ratification Date
Date the LAST parties sign the final document making them officially "under contract"
86
Earnest Money
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
Settlement vs. Closing
Settlement is when buyer/seller goes to the Title Company to SIGN docs.
