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1. www.masterclass.com › articles › real-estate40 Common Real Estate Abbreviations and Acronyms - 2024 ...

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   Jun 15, 2021 · 40 Common Real Estate Abbreviations and Acronyms. Written by MasterClass. Last updated: Jun 15, 2021 • 7 min read. The real estate industry uses several unique acronyms and abbreviations. Understanding these terms can be beneficial for buyers and sellers. The real estate industry uses several unique acronyms and abbreviations.

2. theclose.com › real-estate-terms136 Real Estate Terms and Definitions You Need to Know

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   Nov 13, 2023 · A Realtor is a real estate agent who is a dues-paying member of the National Association of Realtors. NAR members are held to a high standard of professionalism and adhere to a strict code of ethics. Refinance. If a borrower takes out a new loan on the same property, it’s called a refinance.

3. www.zillow.com › learn › real-estate-terms-home78 Real Estate Terms and Expressions You Should Know | Zillow

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   Mar 20, 2023 · 26. Equity. A percentage of the home’s value owned by the homeowner. 27. Escalation clause. A clause or addendum to a real estate contract or offer that states a buyer is willing to raise his or her offer price to a predetermined amount if the seller receives a higher competing offer for the property.

4. mileiq.com › blog › 10-real-estate-abbreviations10 real estate abbreviations every realtor should know | MileIQ

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   SFH. Undoubtedly one of the most ubiquitous real estate abbreviations in home listings, "SFH" means single-family home. Distinct from a townhome, condominium or apartment, an SFH is a standalone home that doesn't share walls or utilities with another property. Plus, it is located on its own parcel of land. The occupants of an SFH could be a ...

5. www.maxrealestateexposure.com › real-estate-termsReal Estate Terminology and Definitions You Need to Know

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   Feb 20, 2022 · iBuyer. An iBuyer or instant buyer is new real estate terminology you probably have never heard about. The real estate definition of an iBuyer is a real estate investor who uses technology to formulate an offer on a property. There are advantages and disadvantages of engaging with an iBuyer worth reading.

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6. www.realtor.com › guides › the-ultimate-real-estateThe Ultimate Real Estate Glossary for Homebuyers - realtor.com

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   This glossary of real estate terms will help you master every step of homebuying, renovation, home decor, and more.

7. People also ask

   What is earnest money in real estate?

   • Earnest money is one of the most critical real estate terms every home buyer and seller should understand—the earnest money an agent collects can best be described as the glue behind the transaction. Like it sounds, earnest money proves to a seller that a buyer is “earnest” or serious about buying their home.

   Real Estate Terms Buyers and Sellers Should Know

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   What does BSMT & CAC mean in real estate?

   • BSMT: In real estate listings, BSMT stands for “basement,” which means that the listed property has a below-ground space. 5. CAC: In real estate listings, CAC stands for “central air conditioning,” which means that the listed property has a whole-home air-cooling system. 6.

   40 Common Real Estate Abbreviations and Acronyms - MasterClass

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   What is ARV & BSMT in real estate?

   • ARV: After repair value, or ARV, is the property’s estimated market value after it undergoes specific repairs and renovations. ARV is a term often used in house flipping. 4. BSMT: In real estate listings, BSMT stands for “basement,” which means that the listed property has a below-ground space. 5.

   40 Common Real Estate Abbreviations and Acronyms - MasterClass

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   What is an earnest money contract?

   • An EMC, or earnest money contract, is the paperwork that accompanies an earnest money deposit that a buyer makes to a seller as a show of good faith in a property transaction. Specifically, the EMC usually includes, at a minimum, the earnest money deposit amount. And any contingencies that would allow a buyer to back out of the sale.

   10 real estate abbreviations every realtor should know | MileIQ

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8. www.redoakrealty.com › posts › what-does-it-all-meanWhat Does it All Mean? A Glossary of Real Estate Terms and ...

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   PUD: Planned unit development is a real estate development where individual properties share a governing HOA, amenities, and spaces. REO: Real estate owned is property that has been foreclosed on and is now available to buy from the lender. TIC: Tenancy in Common is a form of property ownership where multiple individuals have an undivided ...