Whether you’re a beginner or an expert in real estate, it’s important for any investor to get acquainted with the vocabulary and jargon used by professionals in this business. One word: yes. ARV: after-repair value CAP: capitalization CMA: comparative market analysis COCR/CCR/CoC: cash-on-cash return COF: cost of funds COO/C of O: certificate of occupancy CRE: commercial real estate DSCR/DCR/DSR: debt service coverage ratio FMR: fair market rent FMV: fair market value FSBO: for sale by owner GRM: gross rent multiplier HML: hard money lender HOA: homeowners association HUD: Fede… Plus or Minus 1 LV — 1 Living Level 1C — 1 Car Garage 1C-A — One-Car Attached Garage 1C-D — One-Car Detached Garage 2 LV — 2 Living Levels 2C — 2 Car Garage 2C-A — Two-Car Attached Garage 2C-D — Two-Car Detached Garage 3C-A — Three-Car Attached Garage 3C-D — Three-Car Detached Garage 4/3 — 4 Bedrooms / 3 Bathrooms 4/3/2 — 4 Bedrooms / 3 Bathrooms / 2 Car Garage The following list contains some of the abbreviations which are commonly used in the real estate industry. Even for agents fluent in acronyms, this is good content to share on your website and on your social media platforms to … Abbreviations are a necessity in real estate advertising because most of the time so much information must be communicated such little space.
Abbreviation Definition ac, a/c air conditioning alc alcove amen amenities bi built-in bics … In the spirit of being helpful to young agents and real estate buyers alike, we have put together this list of 116 common real estate abbreviations. Abbreviations and Acronyms: Real Estate, Multiple Listing Service (MLS), and Classified Ad. CCR Short for covenants, conditions and restrictions, CCR refers to rules that signing parties of a property contract must adhere to concerning the purchase or use of a property. There is a wide range of real estate abbreviations and real estate acronyms in the industry. 3B/2B - three bedrooms and two bathrooms These abbreviations and acronyms show up a lot, whether you’re a seasoned investoror buying your first home. There are many abbreviations used in real estate, but the following list includes the more common ones you’ve probably heard before. A helpful list of the most commonly used real estate, land and property abbreviations used in most real estate related industries. Common Real Estate Abbreviations.
In the abbreviations, you may see differences in which letters get capitalized and which don’t depending on the realtor/publication. Also abbreviated Ac ±, ac ±, or AC ±. Do I really need to know all of these real estate abbreviations and acronyms?
A common disclaimer in real estate advertisements, listings, or contracts that the actual area of the property may be slightly different than stated due to rounding of numbers, minor survey discepancies, and so on. Keep reading for a list of abbreviations that should be in the vocabulary of every real estate professional.
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