Definitions Did you know? Real Estate Randoms Documents Acronyms
100
Also known as a handyman's special it's the hyphenated term for a rundown property bought at a bargain but needing work
A FIXER-UPPER
100
Way back in 2007 forbes.com ran a feature titled Million-dollar these homes for first-time buyers
Starter Homes
100
ABC is shorthand for this aggressive real estate mantra about forever sealing the deal
Always Be Closing
100
Document filled out to listing a home
What is a Listing Agreement
100
What does FSBO stand for?
What is For Sale By Owner?
200
HOA stands for this........ as in those cheapos at the HOA don't want to put in a tennis court
Home Owners Association
200
In 2011 85% of Las Vegas mortgage holders owed more than the house was worth--hold your breath because your this
Under Water
200
Homes that are dressed up with this theatrical-sounding method sell in about 1/5 the time of homes that aren't
Staging
200
Document filled out to purchase a home
What is a Purchase Agreement
200
What does POA stand for?
What is Power of Attorney?
300
Often physically attached to the home they're items that were once personal property but are now part of the sale
Fixtures
300
In England you don't contact a realtor to buy or sell property but an estate one of these instead
An Agent
300
In both commercial & home property the most important element is said to be this
Location
300
Document that indicates your relationship with a consumer
What is a Consumer Relationship Guide
300
What does CMA stand for?
Comparative Market Analysis
400
This term for the conveyance of property to secure a loan literally means dead pledge
Mortgage
400
In 1947 the U.S. was given a 99-year one on Philippine military bases -- it was later shortened
Lease
400
In 1996 California created a state agency to provide this type of homeowners' insurance
Earthquake Insurance
400
Bank provides during condition period to your clients to indicate financing is in order
What is a Approval Letter
400
What does CYA stand for?
Cover Your Ass
500
From the Latin for fair it's a property's fair market value minus outstanding debt
Equity
500
In 1981 when Sears bought it this banker had 236 brokerage offices; today it has 10 times that
Coldwell Banker
500
A claim on a debtor's property; the mechanic's type is held by a worker who wasn't paid
Lien
500
Document to change terms in an a contract
What is an Amendment
500
What does HOA stand for?
Home Owners Association






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