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Dickson
Realty
188 Hwy 50
Zephyr Cove, NV 89448
| Direct: |
775.588.9022
530.544.9022 |
| Fax: |
775.588.6062 |
| Toll
Free: |
800.923.9022 |
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| REAL
ESTATE ACRONYMS AND COMMON ABBREVIATIONS |
For a more complete list of real estate terms, please
view our comprehensive
Real Estate Glossary
AIREA - American Institute of Real Estate Appraisers
ALTA - American Land Title Association
ANSI - American National Standards Institute
AOR - Association of Realtors
ARES - American Real Estate Society
ASA - American Society of Appraisers
ASHI - American Society of Home Inspectors
BD - Book Depreciation
BFP - Bona Fide Purchaser
BRR - Book Rate of Return
CC - Civil Code
CGT - Capital Gains Tax
CH/BW - Chain Link/Barbed Wire
CO - Certificate of Occupancy
COE - Cost of Equity
CUV - Current Use Value
DD214 - Used to discharge service members in the 1950s
DIM - Deferred-Interest Mortgage
DRC - Depreciated Replacement Cost
DS - Due on Sale (clause)
EAL - Exclusive Agency Listing
ERV - Estimated Rental Value
FMV - Fair Market Value
FPM - Flexible-Payment Mortgage
FRM - Fixed-Rate Mortgage
FRV - Full Rental Value
FSBO - For Sale By Owner
GPM - Graduated Payment Mortgage
GRM - Gross Rent Multiplier
HECM - Home Equity Conversion Mortgage
HEL - Home Equity Loan
HOA - Home Owners' Association
HUD - (Department of) Housing and Urban Development
HWF - Hardwood Floors
HVAC - Heating, Ventilation, and Air Conditioning
LIBOR - London Interbank Offered Rate
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 Morgage Insurance
MPC - Master Planned Community
MRA - Master Residential Appraiser
MSA - Master Senior Appraiser
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 Offer
OER - Operating Expense Ratio
OIRO - Offers In the Region Of...
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
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
ROM - Roll-Over Mortgage
SAM - Shared-Appreciation Mortgage
SEM - Shared-Equity Mortgage
SFD - 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
VRM - Variable-Rate Mortgage
Below are some common
abbreviations you may find in a listing advertisement
assum. fin. assumable financing
dk deck
gar garage
gard garden
expansion pot'l may be extra space on the lot,
or possibly vertical potential for a top floor or room addition.
Verify actual potential by checking local zoning restrictions
prior to purchase.
fab pentrm fabulous pentroom, a room on top,
underneath the roof, that sometimes has views
FDR formal dining room
frplc, fplc, FP fireplace
grmet kit gourmet kitchen
HDW, HWF, Hdwd hardwood floors
hi ceils high ceilings
In-law potential potential for a separate apartment.
Sometimes, local zoning codes restrict
rentals of such units so be sure the conversion is legal first.
large E-2 plan this is one of several floor
plans available in a specific building
lsd pkg. leased parking area, may come with an additional cost
lo dues find out just how low these homeowners
dues are, and in comparison to what?
nr bst schls near the best schools
pvt private
pwdr rm powder room, or half-bath
upr upper floor
vw, vu, vws, vus view |
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