OfflineGLOSSARY of real estate acronyms. Someone had mentioned it was hard to follow when just acronyms were used in posts. If you want to add to or have a question, leave a post and we'll edit it in.
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AFD = Agreement For Deed
AFF = Automated Foreclosure Finder
AITD = All Inclusive Trust Deed
AMR = Anticipated Market Value
APN# = Assessors Parcel Number
APR = Annual Percentage Rate
ARM = Adjustable rate mortgage
ARV = After Repair Value
ASP = Anticipated Selling Price
BARM = Be a Real Estate Millionaire (Dean's book. JUST in case anyone didn't know 
)
BOM = Back On Market
BOR = Board of Realtors
BPO = Broker's Price Opinion
CAD = County Appraisal District
Cap = Capitalization
CAP = Cap Rate (NOI / Price)
CCIM = Certified Commercial Investment Member
CCR = Conditions, Covenants, and Restrictions
CDA = Confidential Disclosure Agreement
CFD = Contract for Deed
CLTV = combined loan to value. This is if you have a 1st and 2nd or HELOC on your home, it is the combined amount owned compared to the value of your home.
CMA = Comparative Market Analysis
COCR = Cash on Cash Return
COE = Close Of Escrow
COF = Cost of Funds
COO = Certificate of Occupancy
CPI = Consumer Price Index
CRB = Certified Residential Broker
CRE = Creative Real Estate
CRS = Certified Residential Specialist
DBA = Doing Business As
DCR = Debt Coverage Ratio
DIL = Deed In Lieu
DOM = Days on Market
DOS = Due On Sale Clause
DOT = Deed of Trust
DSCR = Debt Service Coverage Ratio
EM = Earnest Money
FAL = Foreclosure Alert
FCRA = Fair Credit Reporting Act
FFE = Furniture, Fixture, and Equipment
FHA = Federal Housing Administration
FHLMC = Federal Home Loan Mortgage Corporation, Freddie Mac
FMR = Fair Market Rent
FMV = Fair Market Value
FNMA = (Fannie Mae) - Federal National Mortgage Association
FRBO = For Rent by Owner
FSBO = For Sale By Owner
GMAC = General Motors Acceptance Corporation
GRM = Gross Rent Multiplier, is the price divided by the total rent. The problem with it (as opposed to the cap rate) is that it does NOT include an info on expenses
HELOC = Home Equity Line of Credit
HML = Hard money lender
HOA = Homeowners Association
HUD = Housing and Urban Development
HVAC = Heating, Ventilation and Air Conditioning
IEE = Instant Equity Exchange
IRA = Individual Retirement Account
IRC = Internal Revenue Code
IRR = Internal Rate of Return
IRS = Internal Revenue Service
L/O = Lease Option
L/P = Lease Purchase
L/S = Landlord Seller
LIBOR = London Interbank Offering Rate
LLC = Limited Liability Company
LO = Lease Option
LOA = Letter of Authorization
LOC = Line of Credit
LOI = Letter of Intent
LP = Limited Partnership
LPOA = Limited Power of Attorney
LTV = Loan-to-value ratio
MAI = Member Appraisal Institute
MAO = Maxium Allowable Offer (Typically if you can get it, it is 30% off the ARV less repairs)
MFL = Maximum Foreseeable Loss
MIP = Mortgage Insurance Premium
MLS = Multiple Listing Service
MUD = Municipal Utility District
NAR = National Association of Realtors
NDA = Non-disclosure Agreement
(also known as a confidentiality agreement)
NIV = No Income Verification
NMD = No money down
NNN = Triple Net Lease
NOD = Notice of Default
NOI = Net Operating Income (Total Income minus all expenses EXCEPT debt service)
NOO = Non Owner Occupied
NTS = notice of trustee sale
O/F = Owner Finance
OBO = Or best offer
OO = Owner Occupied
OPM = Other people's money
P&S = Purchase and Sale
PFC = Prepaid Financial Charge
PITI = principal, interest, taxes, & insurance
PMI = Private mortgage insurance
PML = Private Money Lender
POA = Power of Attorney
PR = Primary Residence
PUD = Planned Unit Development
REI = Real Estate Investing / Real Estate Investor
REIA = Real Estate Investors Association
REIT = Real Estate Investment Trust
REO = Real estate owned
ROI = Return On Investment
RTO = Rent to Own
SBA = Small Business Administration
SBC = Small Balance Commercial (under 5 million)
SEC = US Securities and Exchange Commission
SFH = Single Family House
SFR = Single-family residence
Sub2 = Buying property subject to existing financing
T/B = Tenant Buyer
TAA = Texas Apartment Association
TAR = Texas Association of Realtors
TAV = Tax Assessed Value
TIL = Truth In Lending
TREC = Texas Real Estate Commission
UBIT = Unrelated Business Income Tax
UCC = Uniform Commercial Code
VA = Department of Veterans Affairs / Veterans Administration
"Obstacles can slow you down, but they can only stop you with your permission." Dean Graziosi (BARM pg 101)
"For I know the plans I have for you," declares the Lord, "plans to prosper you and not to harm you, plans to give you hope and a future." Jeremiah 29:11
For a little about me, welcome to the site, and a few tips for new DG family members, click on this link: http://www.deangraziosi.com/user/3249
The "yellow letter" is a marketing concept taught by many to get the best response in finding motivated sellers because it is...hand written, usually on yellow lined paper, with a hand written envelope and a regular stamp so it doesn't look like a huge marketing campaign. Not that I've done that type of marketing yet, but I've seen it taught.
Thank you. I'm going to give it a try. I'm trying to get into an area where there's not that much competition. Thanks again.
Thanks for the list Rina. Thank you everyone. Great job.
Many blessings,
PD Moua
I am brand new to DG. This my first post. I am somewhat nervous because there is sooo much information to learn. I would just like to say that Jeremiah 29:11 is my wife and I favorite scriptures. When I saw it posted it gave me hope.
I'm pretty new to this too so we're in the same boat. Welcome aboard.
Many blessings,
PD Moua
What is REA?
real estate agent
RE = real estate
rei = real estate investment/investor
Mark K.
Life Disclaimer: Past Failures are NOT indicative of Future Results.
Real Estate Glossary - Click Here for PDF
View My Everyday Blog - Click Here
Thanks for the list of terms. Useful in so many ways. I'm sure this is helpful to a lot of people who might be completely confused when it comes to real estate terminology.
LVVR and PDR Las Vegas real estate companies
LVVR and PDR Painted Desert Real Estate companies
webmaster
I'm confused about the difference between ARV and FMV. I know what the acronyms stand for and how to calculate FMV. So, is there a difference in meaning or do people use the terms interchangeably? Also, how do you calculate ARV? ARV is necessary in calculating MAO-I've been told ARV x 65% - repairs- but no one ever explains how to get ARV in the first place.
ARV-After Repair Value is what a property will be worth once the repairs are completed.
FMV-Fair Market Value is what a property is worth at any given point. For example the FMV on a property needing repairs might be $25K today. If the projected ARV is $75K, once the repairs are done then the FMV would be $75K, providing the ARV was accurate.
Also, the FMV is whatever the value of the property is in the current market. In other words, what a buyer would actually PAY. This is why properties are appraised based on sales of comparable properties from the previous 3 months. It's the best estimate on what a buyer would pay for the subject property. Definitiely not an exact science.
Hope that wasn't more confusing than it was helpful. lol.
Rina
"Obstacles can slow you down, but they can only stop you with your permission." Dean Graziosi (BARM pg 101)
"For I know the plans I have for you," declares the Lord, "plans to prosper you and not to harm you, plans to give you hope and a future." Jeremiah 29:11
For a little about me, welcome to the site, and a few tips for new DG family members, click on this link: http://www.deangraziosi.com/user/3249
That was a great explanation Rina. I know I definitely had that same concept in question, and your explanation is dead on!
Do you know what the terms are for the amount of money that people are willing to rent a property for compared to the amount of money that people are buying and paying for a payment on a mortgage?
I am trying to remember the comparison that I've heard Jeff say in our Boots on the Ground seminar. It is a great number to know, because of the potential in investing in that market.
???
--Joe
My journal: http://www.deangraziosi.com/real-estate-forums/investing-journals/103264...
--Joe Cardenas
JFC Cash Flow LLC
MLOP= Make lots of money
John and Julie Wakefield
JCW Properties, LLC
I am posting for the first time in my new field to say that I am appreciative of the definitions of acronyms because it is helping to orient me to the language of the real estate country.
This glossary of acronyms is enormously helpful! Is there any place one can go to find the actual definitions of these terms? Some are relatively self-explanatory but others, at lease to newbies, are not.
Many thanks!
I totally need this, a lot of terms I didn't know, such as DOM, but now I knew. hahahah. Thank you for update Rine
Be happy and go healthy ^_^
Ling and/or Dustin
I am going to have to come back to this tomorrow with a note pad and write this all down. Thank you so much!
God Bless you all, in Jesus' Name I pray. Nancy as #1 Sunshine*
Being a newbie can be quite intimidating, each day I learn something new! That's what I love about this biz it's never boring and always on the move!!!
Thanks for the information certainly takes the guess work out of the equation, right? lol!!! Seriously this is very helpful!
New Team Member
cSims
My first post! Thank you Rina, AND everyone else! The accronym list is great, very appreciated.
I especially liked your idea Rina for an open Forum. Your right, once we start connecting on a more personal level with each other it will definitely encourage us to "want" to have something purposefull in our lives to add. Accountability...it's what I need to help stay focused! It's in my personality to like and need feedback.
This is wonderful. I am very excited to belong to Dean's Inner Circle and make my first deal Very Soon!!!
Thanks again everyone. Hope to talk to you again soon...and find out more about earning Points!
Karen
Karen
Thank you Rina, all of you out there who take the time to share excellent ideas to make progressively fast growing family! The accronym list is great, very appreciated.
Rina,I liked your idea to open the Forum. The value and importance to begin connecting on a more personal level with each other it will definitely a way to help others get motivativated "want" to have something purposefull in our lives to add. I am extremely honored to be apart of Dean's Inner Circle and make my first deal Very Soon so I get the opportunity to give back!!!
Vida
CAN ANYONE PLEASE TELL ME WHAT NDNC MEANS?
THANKS
SHELBY
THANKS
SHELBY
NDNC = Non-disclosure & Noncircumvent
agreement.
See my sig for a .pdf file of the RE glossary (yes, NDNC is in there too!)
Mark K.
Life Disclaimer: Past Failures are NOT indicative of Future Results.
Real Estate Glossary - Click Here for PDF
View My Everyday Blog - Click Here
New Homes For Sale - View new homes for sale, hundreds of new homes developments across the UK, with thousands of individual properties to choose from.
Thanks Rina! This especially helps us rookies.
Currenly studying "profit now cd program" complete with Dean's books,
-a little confused about 'obtainning list of area cash buyers' that Matt talks about in 30 days book though. Have not made my first deal yet, trying to learn WHAT I need to do, and WHEN I need to take action.
- Tom Member since 11/2012.
Hi, I am very excited to be here and grateful to all of you on this site helping the newbies... making it plain, simple, painting a picture & adding the sizzle to the steak!
Here's my question: What are the top real estate, income property and financial terms I want to know to be successful in communicating with buyers and sellers? and other people I will be working with?
Make it a sweet day!
Debbie Fletcher
Debbie Fletcher
Certified NLP Master Practitioner
Professional Life Coach
(972) 816-0935
What does it mean when you see turnkey property?H
Hello people on DG site,
My daughter and I want to Bird Dog or be property finders for others here on this site. Please inform us what criteria you are looking for and we will diligently search for that.
Have a nice rest of the day.
Sheila and Victoria
Thanks Rina this will help me.
Tessa E
God promises in his word that if we do things his way he will always bless us in all our endeavours and efforts and that everything we touch will turn into gold and prosper.I was surprise to see this scripture on this website i study the bible everyday its a good scripture May God bless us all.
Hi, anyone know how is the calculated?
ROI
Need some help understanding this.
Hi Rina
I've read quite a few of your posts, which are very helpful, thanks.
However, I just noticed, if you have not, that you have posted on the DG Website over 2000 more posts than the DG Admin itself!!!
Plus, you have more than twice the amount of points than the DG Admin does!!!
Quite a contribution!
All the best.
Cheers,
Will Roach