Initially speaking, I couldn't resist ripping off Greg Fous of Market America Realty and Investments in Fort Myers, FL
Directly from Greg's newsletter this morning, designed to keep you completely in the know about real estate related acronyms:
AIREA - American Institute of Real Estate Appraisers
ALTA - American Land Title Association
ANSI - American National Standards Institute
AOR - Association of Realtors
APOD - Annual Property Operating Data
APR - Annual Percentage Rate
ARES - American Real Estate Society
ASA - American Society of Appraisers
ASHI - American Society of Home Inspectors
BD - Book Depreciation
BOM - Back on Market
BPO - Broker Price Opinion
BFP - Bona Fide Purchaser
BRR - Book Rate of Return
CAM - Common Area Maintenance (charges related to commercial leases)
CC - Civil Code
CCIM - Certified Commercial Investment Member
CFK - Cash for Keys
CGT - Capital Gains Tax
CH/BW - Chain Link/Barbed Wire
CO - Certificate of Occupancy
COC - Cash on Cash Return Rate
COE - Cost of Equity
CUV - Current Use Value
DCR - Debt Coverage
DIM - Deferred-Interest Mortgage
DOM - Days on Market
DRC - Depreciated Replacement Cost
DS - Due on Sale (clause)
EAL - Exclusive Agency Listing
EMD - Earnest Money Deposit
ERS - Exclusive Right to Sell
ERV - Estimated Rental Value
FDIC - Federal Deposit Insurance Corporation
FDR - Formal Dining Room
FFE - Furniture Fixtures and Equipment
FHA - Federal Housing Administration
FSBO - For Sale by Owner
FMV - Fair Market Value
FNMA - Federal national Mortgage Association ( Fannie Mae)
FP - Fireplace
FPM - Flexible-Payment Mortgage
FRM - Fixed-Rate Mortgage
FRV - Full Rental Value
FSBO - For Sale By Owners
GLA - Gross Leasable Area
GPM - Graduated Payment Mortgage
GRM - Gross Rent Multiplier
HDW - Hardwood Floors
HECM - Home Equity Conversion Mortgage
HELOC - Home Equity Loan Line of Credit
HOA - Home Owners' Association
HUD - (Department of) Housing and Urban Development
H/W - Husband and Wife
HWF - Hardwood Floors
HVAC - Heating, Ventilation, and Air Conditioning
ICA - Independent Contactor Agreement
IRR - Internal Rate of Return
LA - Listing Agreement
LIBOR - London Interbank Offered Rate
LOI - Letter of Intent
LTV - Loan To Value (Ratio)
LUI - Land Use Intensity
MBA - Mortgage Bankers Association of America
MBB - Mortgage-Backed Bond
MBO - Mortgage-Backed Obligation
MBS - Mortgage-Backed Security
MGIC - Mortgage Guaranty Insurance Corporation
MLS - Multiple Listing Service
MMI - Mutual Mortgage Insurance
MMR - Monthly Marketing Report
MPC - Master Planned Community
MRA - Master Residential Appraiser
MSA - Master Senior Appraiser
MSR - Monthly Status Report
NHBC - National House Building Council
NIA - Net Internal Area
NIM - Net Income Multiplier
NLA - Net Leasable Area
NNN - Triple Net (Lease)
NOI - Net Operating Income
NPV - Net Present Value
NRV - Net Realizable Value
OBO - Or Best OfferOER -
Operating Expense Ratio
OIRO - Offers In the Region Of...
OSR - Occupancy Status Report
PCD - Planned Commercial Development
PEPS - Political, Economic, Physical, Social (forces that drive value)
PHA - Public Housing Administration
PID - Planned Industrial Development
PITI - Principal, Interest, Taxes, and Insurance
PMDT - Purchase Money Deed of Trust
PMI - Private Mortgage Insurance
PO - Principal Only
POA - Power of Attorney
POF - Proof of Funds
PSF - Per Square Foot
PV - Present Value
PW - Present Worth
RAM - Reverse Annuity Mortgage
REA - Reciprocal Easement Agreement
REIT - Real Estate Investment Trust
REC - Real Estate Commission
REO - Real Estate Owned
RK - Re-Key
ROM - Roll-Over Mortgage
SAM - Shared-Appreciation Mortgage
SEM - Shared-Equity Mortgage
SF - Square feetSFD - Single Family Detached
TPL - Third Party Liability
TI - Tenant Improvement
TIC - Tenants In Common
TIP - Treasury Investment Program
TRA - Tax Reform Act
VA - Veterans Administration (Loan)
VAP - Variable Payment (Mortgage)
VAT - Value Added Tax
VPM - Variable-Payment Mortgage
VRE - Virtual Real Estate
VRM - Variable-Rate Mortgage
and if you have stayed with me this long--
Some Fun Acronyms for Buyers
DINKWAD- Double Income No Kids with a Dog
DINKY - Double Income No Kids Yet
YUPPIES - Young Urban Prosperous Professionals
MUPPIES - Middle-age Urban Prosperous Professionals
NOKs - No Kids Couples
DEWKS - Double Employed With Kids S
INKs - Single Income Numerous Kids
ORCHID - One Recent Child; Heavily In Debt
SINBADs - Single Income No Boyfriend and Desperate
YAVIs - Young Attractive Verbal Intelligent (So many of us!