Here is an Acronym Glossary with commonly used terms for Las Vegas Real Estate:
EMD – Earnest Money Deposit
COE – Close of Escrow
BPO – Broker Price Opinion
REO – Real Estate Owned (AKA Bank Owned)
1031 – IRS Code for Investor Real Estate Exchanges
FIRPTA – Foreign Investment in Real Property Tax Act
HPP – Home Protection Plan
CLUE – Comprehensive Loss Underwriting Exchange (Pertains to Homeowner’s Insurance)
CIC – Common Interest Community (aka HOA)
HOA – Homeowner’s Association
FHA – Federal Housing Authority
VA – Veteran’s Administration
PTR – Preliminary Title Report
SID – Special Improvement District
ARM – Adjustable Rate Mortgage
HAFA – Home Affordable Foreclosure Alternative
HAMP – Home Affordable Modification Program
HAP – Homeowner’s Assistance Program (w/ DOD – Department of Defense)
DOM – Days on Market
MLS – Multiple Listing Service
AVM – Automated Valuation Model
HVCC – Home Valuation Code of Conduct
AITD – All Inclusive Trust Deed
OWC – Owner Will Carry
My Designations & Affiliations:
NAR – National Association of Realtors
NVAR – Nevada Association of Realtors
GLVAR – Greater Las Vegas Association of Realtors
REBAC – Real Estate Buyer’s Agent Coucil
NABPOP – National Association of Broker Price Opinion Professionals
ABR – Accredited Buyer Representative
AHWD – At Home With Diversity
RSPS – Resort & Second Property Specialist
SFR – Short Sale Foreclosure Resource
SRES – Senior Real Estate Specialist
SRS – Seller Representative Specialist
FYI – For Your Information – this page will be updated frequently as I run along extra acronyms!
Related Posts
Renee Burrows
Latest posts by Renee Burrows (see all)
- Home Is Possible – Nevada Home Buyer Grant Zero Down! - December 9, 2016
- Home Inspection Repair Response – Dos & Don’ts - September 17, 2015
- 2 Simple Ways to Save Money NOW On Your Electric Bill - October 7, 2014
- Ikea’s Famous Cinnamon Rolls, Swedish Meatballs, Gadgets and Furniture Coming to Las Vegas - July 17, 2014
- Homes Still Appreciating in Las Vegas June 2014 - July 17, 2014
Impressive list even having an good experience in the real estate i doesn't have any idea regarding the real estate acronym.Keep up the good things continues…
omaha homes
Thanks! I have a bunch to add now!
I think so many real estate agents assume the general public knows all these real estate acronym, but they don't. Great List!
My recent post Wellington FL- New City Hall is Opening!!!