Speaking Real Estate


ABBREVIATIONS AND ACRONYMS


  • A/C - AIR CONDITIONING

  • ACRS - ACCELERATED COST RECOVERY SYSTEM

  • AICPA - AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS

  • AIREA - AMERICAN INSTITUTE OF REAL ESTATE APPRAISERS

  • AITD - ALL INCLUSIVE TRUST DEED

  • ALTA - AMERICAN LAND TITLE ASSOCIATION

  • AMI - ALTERNATIVE MORTGAGE INSTRUMENT

  • AML - ADJUSTABLE MORTGAGE LOAN

  • APA - AMERICAN PLANNING ASSOCIATIONS

  • APR - ANNUAL PERCENTAGE RATE

  • AREUEA - AMERICAN REAL ESTATE AND URBAN ECONOMICS ASSOCIATIONS

  • ARM - ADJUSTABLE RATE MORTGAGE

  • ASA - AMERICAN SOCIETY OF APPRAISERS

  • ASHI - AMERICAN SOCIETY OF HOME INSPECTORS

  • ASREC - AMERICAN SOCIETY OF REAL ESTATE COUNSELORS

  • BIF - BANK INSURANCE FUND

  • BLM - BUREAU OF LAND MANAGEMENT

  • BOMA - BUILDING OWNERS AND MANAGERS ASSOCIATION

  • B/S - BILL OF SALE

  • BTU - BRITISH THERMAL UNIT

  • CA - COMMUNITY ASSOCIATION

  • CAI - COMMUNITY ASSOCIATIONS INSTITUTE

  • CCA - CAPITAL COST ALLOWANCE

  • CDO - COLLATERALIZED DEBT OBLIGATION

  • CFC - CHLOROFLUOROCARBONS

  • CIC - COMMON INTEREST COMMUNITY

  • CID - COMMON INTEREST DEVELOPMENT

  • CIRA - COMMON INTEREST REALTY ASSOCIATION

  • CIREI - COMMERCIAL - INVESTMENT REAL ESTATE INSTITUTE

  • CMO - COLLATERALIZED MORTGAGE OBLIGATION

  • Co. - COMPANY

  • CO - CERTIFICATE OF OCCUPANCY

  • COG - COUNCILS OF GOVERNMENT

  • COMPS - COMPARABLES

  • CPA - CERTIFIED PUBLIC ACCOUNTANT

  • CPI - CONSUMER PRICE INDEX

  • CRV - CERTIFICATE OF REASONABLE VALUE

  • DBA - DOING BUSINESS AS

  • DDB - DECLINING BALANCE METHOD OF DEPRECIATION

  • DIF - DEPOSIT INSURANCE FUND

  • DL - DEMAND LOAN

  • DVA - DEPARTMENT OF VETERANS AFFAIRS

  • ECOA - EQUAL CREDIT OPPORTUNITY ACT

  • EEM - ENERGY EFFICIENT MORTGAGE

  • EER - ENERGY EFFICIENCY RATIO

  • EIA - ENVIRONMENTAL IMPACT ASSESSMENT

  • EPA - ENVIRONMENTAL PROTECTION AGENCY

  • EPP - EQUITY PARTICIPATION PURCHASE

  • FANNIE MAE - FEDERAL NATIONAL MORTGAGE ASSOCIATION

  • FAR - FLOOR AREA RATIO

  • FARMER MAC - FEDERAL AGRICULTURAL MORTGAGE CORPORATION

  • FCA - FARM CREDIT ADMINISTRATION

  • FCRA - FAIR CREDIT REPORTING ACT

  • FDIC - FEDERAL DEPOSIT INSURANCE CORPORATION

  • FFHA - FEDERAL FAIR HOUSING ACT

  • FHA - FEDERAL HOUSING ADMINISTRATION

  • FHFB - FEDERAL HOUSING FINANCE BOARD

  • FHLB - FEDERAL HOME LOAN BANK

  • FHLMC - FEDERAL HOME LOAN MORTGAGE CORPORATION

  • FIRPTA - FOREIGN INVESTMENT IN REAL PROPERTY TAX ACT

  • FIRREA - FINANCIAL INSTITUTIONS REFORM, RECOVERY AND ENFORCEMENT ACT OF 1989

  • FLB - FEDERAL LAND BANK

  • FLIP - FRONT- LOADED INTEREST-ONLY (MORTGAGE) PLAN

  • FLP - FAMILY LIMITED PARTNERSHIP

  • FmHA - FARMERS HOME ADMINISTRATION

  • FMV - FAIR MARKET VALUE

  • FNMA - FEDERAL NATIONAL MORTGAGE ASSOCIATION

  • FPM - FLEXIBLE PAYMENT MORTGAGE

  • FREDDIE MAC - FEDERAL HOME LOAN MORTGAGE CORPORATION

  • FRM - FIXED RATE MORTGAGE

  • FRS - FEDERAL RESERVE SYSTEM

  • FSBO - FOR SALE BY OWNER

  • FSLIC - FEDERAL SAVINGS AND LOAN INSURANCE CORPORATION

  • FTC - FEDERAL TRADE COMMISSION

  • GDS - GROSS DEBT SERVICE

  • GEM - GROWING EQUITY MORTGAGE

  • GFCI - GROUND FAULT CIRCUIT INTERRUPTER

  • GIM - GROSS INCOME MULTIPLIER

  • GINNIE MAE - GOVERNMENT NATIONAL MORTGAGE ASSOCIATION

  • GMC - GUARANTEED MORTGAGE CERTIFICATE

  • GNMA - GOVERNMENT NATIONAL MORTGAGE ASSOCIATION

  • GPARM - GRADUATED PAYMENT ADJUSTABLE RATE MORTGAGE

  • GPM - GRADUATED PAYMENT MORTGAGE

  • GRM - GROSS RENT MULTIPLIER

  • HECM - HOME EQUITY CONVERSION MORTGAGE

  • HOA - HOMEOWNERS ASSOCIATION

  • HOW - HOMEOWNER'S WARRANTY PROGRAM

  • HUD - DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

  • IAAO - INTERNATIONAL ASSOCIATION OF ASSESSING OFFICERS

  • IRA - INDIVIDUAL RETIREMENT ANNUITY

  • IRB - INDUSTRIAL REVENUE BOND

  • IREM - INSTITUTE OF REAL ESTATE MANAGEMENT

  • IRR - INTERNAL RATE OF RETURN

  • IRS - INTERNAL REVENUE SERVICE

  • KW - KILOWATT

  • kWh - KILOWATT HOUR

  • LPM - LEVEL PAYMENT MORTGAGE

  • L.S. - LOCUS SIGILLI

  • L/V - LOAN-TO-VALUE RATIO

  • MAGIC - MORTGAGE GUARANTY INSURANCE CORPORATION

  • MBA - MORTGAGE BANKERS ASSOCIATION

  • MBS - MORTGAGE BACKED SECURITY

  • MGIC - MORTGAGE GUARANTY INSURANCE CORPORATION

  • MI - MORTGAGE INSURANCE

  • MICA - MORTGAGE INSURANCE COMPANIES OF AMERICA

  • MIP - MORTGAGE INSURANCE PREMIUM

  • MLS - MULTIPLE LISTING SERVICE

  • MVA - MARKET VALUE ASSESSMENT

  • NAA - NATIONAL APARTMENT ASSOCIATION

  • NAHB - NATIONAL ASSOCIATION OF HOME BUILDERS

  • NAIFA - NATIONAL ASSOCIATION OF INDEPENDENT FEE APPRAISERS

  • NAMA - NATIONAL ASSOCIATION OF MASTER APPRAISERS (NAMA)

  • NAPP - NATIONAL AERIAL PHOTOGRAPHY PROGRAM

  • NAR - NATIONAL ASSOCIATION OF REALTORS

  • NARA/MU - NATIONAL ASSOCIATION OF REVIEW APPRAISERS AND MORTGAGE UNDERWRITERS

  • NAREB - NATIONAL ASSOCIATION OF REAL ESTATE BOARDS (now NAR)

  • NAREB - NATIONAL ASSOCIATION OF REAL ESTATE BROKERS

  • NAREIT - NATIONAL ASSOCIATION OF REAL ESTATE INVESTMENT TRUSTS

  • NHA - NATIONAL HOUSING ACT

  • NLA - NET LEASABLE AREA

  • NOI - NET OPERATING INCOME

  • NOL - NET OPERATING LOSS

  • OILSR - OFFICE OF INTERSTATE LAND SALES REGISTRATION

  • OPM. - OTHER PEOPLE'S MONEY

  • ORE - OWNED REAL ESTATE (i.e., Real Estate Owned)

  • OTS - OFFICE OF THRIFT SUPERVISION

  • PAM - PLEDGED ACCOUNT MORTGAGE

  • PC - GUARANTEED MORTGAGE PARTICIPATION CERTIFICATE

  • PC - PROFESSIONAL CORPORATION

  • PIN - PARCEL IDENTIFICATION NUMBER

  • PIT - PRINCIPAL, INTEREST, TAXES

  • PITI - PRINCIPAL, INTEREST, TAXES, INSURANCE

  • P&L - PROFIT AND LOSS STATEMENT

  • PLAM - PRICE LEVEL ADJUSTED MORTGAGE

  • PMI - PRIVATE MORTGAGE INSURANCE

  • PMM - PURCHASE MONEY MORTGAGE

  • PUD - PLANNED UNIT DEVELOPMENT

  • RAM - REVERSE ANNUITY MORTGAGE

  • RCA - RESIDENTIAL COMMUNITY ASSOCIATION

  • REEA - REAL ESTATE EDUCATORS ASSOCIATION

  • REFCORP/RFC - RESOLUTION FUNDING CORPORATION

  • REIT - REAL ESTATE INVESTMENT TRUST

  • RELP - REAL ESTATE LIMITED PARTNERSHIP

  • REMIC - REAL ESTATE MORTGAGE INVESTMENT CONDUIT

  • REMT - REAL ESTATE MORTGAGE TRUST

  • REO - REAL ESTATE OWNED

  • RESPA - REAL ESTATE SETTLEMENT PROCEDURES ACT

  • RESSI - REAL ESTATE SECURITIES AND SYNDICATIONS INSTITUTE

  • RF - REPRESENTATIVE FRACTION

  • RLI - REALTORS LAND INSTITUTE

  • RNMI - REALTORS NATIONAL MARKETING INSTITUTE

  • ROI - RETURN ON INVESTMENT

  • RRM - RENEGOTIABLE RATE MORTGAGE

  • RTC - RESOLUTION TRUST CORPORATION

  • R/W - RIGHT OF WAY

  • SAIF - SAVING ASSOCIATION INSURANCE FUND

  • SAM - SHARED APPRECIATION MORTGAGE

  • SBS - SICK BUILDING SYNDROME

  • SCS - SOIL CONSERVATION SERVICE

  • SEC - SECURITIES AND EXCHANGE COMMISSION

  • SEM - SHARED EQUITY MORTGAGE

  • SFD - SINGLE FAMILY DETACHED

  • SHPO - STATE HISTORIC PRESERVATION OFFICE

  • SIOR - SOCIETY OF INDUSTRIAL AND OFFICE REALTORS

  • SIR - SOCIETY OF INDUSTRIAL REALTORS

  • S& L - SAVINGS AND LOAN ASSOCIATION

  • SOYD - SUM OF THE YEARS DIGITS (METHOD OF DEPRECIATION)

  • SREA - SOCIETY OF REAL ESTATE APPRAISERS

  • TD - TRUST DEED

  • TDS - TOTAL DEBT SERVICE

  • UFFI - UREA-FORMALDEHYDE FOAM INSULATION

  • ULI - URBAN LAND INSTITUTE

  • URAR - UNIFORM RESIDENTIAL APPRAISAL REPORT

  • URLTA - UNIFORM RESIDENTIAL LANDLORD AND TENANT ACT

  • USGS - UNITED STATES GEOLOGICAL SURVEY

  • VA - VETERANS ADMINISTRATION (i.e., DEPARTMENT OF VETERAN AFFAIRS)

  • VOC - VOLATILE ORGANIC COMPOUND

  • VPM - VARIABLE PAYMENT MORTGAGE

  • VRM - VARIABLE RATE MORTGAGE

  • WAM - WRAPAROUND MORTGAGE

  • WCR - WOMEN'S COUNCIL OF REALTORS

  • YUPPIE - YOUNG, UPWARDLY, MOBILE PROFESSIONAL

  • ZIP - ZERO INTEREST PLAN
Main Page