| Industry Acronyms | Real Estate Math | General Real Estate | Real Estate Personalities | Local Landmarks |
|---|---|---|---|---|
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What is Real Estate Investment Trust?
REIT
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What is the cap rate?
The process of dividing the net operating income by the sales price.
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What is a short sale?
When a property lien holder agrees to release a lien on a property for less is owed.
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When it becomes apparent (Who is Josh White??
When does a joke become a "dad joke?"
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What is the location of Monticello?
931 Thomas Jefferson Parkway
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What is Freddie Mac or Federal Home Loan Mortgage Corporation?
FHLMC
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What is principle, interest, taxes and insurance?
PITI
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What is Lis Pendens?
Latin for suit pending
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Who is Matt Neece?
A Monday Real Estate Rant...3 things some Realtors need to do better if you're submitting 10 offers and not winning
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What is Lake Monticello?
What was developed in the 1960s as a summer home community?
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What is the Real Estate Settlement Procedures Act?
RESPA
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What is the number of members of the VA Real Estate Board?
9 Members
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What is 1968?
The year Fair Housing Act was enacted.
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Who is Barbara Corcoran?
She sold her NYC Real Estate firm for 66 million in 2001 to do TV.
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What is Montpelier?
Home of Dolly and James beginning in 1797
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What is Home Affordable Foreclosure Alternative?
HAFA
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What is the amount of square feet in an acre?
43,560 feet
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What are the fiduciary responsibilities of a real estate agent?
Loyalty, Obedience, Disclosure, Confidentiality, Reasonable Care, Diligence, and Accounting
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Who is the president of NAR?
Charlie Oppler
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What is Fashion Square Mall?
This property was auctioned for 20.2 million in July of this year
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What is Home Affordable Refinance Program?
HARP
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What is the gross rent multiplier?
Property price divided by gross annual rental income
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What are the essential elements of a real estate contract?
Capable Parties, Mutual Consent, Legal Object, and Consideration
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Who is the president of Keller Williams?
Marc King
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What is the UVA Chapel?
This University of Virginia Landmark was completed in 1895 after 10 years of construction.
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