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Real Estate Terms to Know > Abbreviations > Flashcards

Flashcards in Abbreviations Deck (87)
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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
Q

HR

A

Human Resources

26
Q

HW

A

Home Warranty

27
Q

KW

A

Keller Williams

28
Q

LA

A

Listing Agent

29
Q

LBP or LBPD

A

Lead Base Paint Disclosure

30
Q

LM

A

Left Message

31
Q

LMK

A

Let Me Know

32
Q

MLS

A

Multiple Listing Service

33
Q

POA

A

Power of Attorney

34
Q

PP

A

Purchase Price

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.