Real Estate Glossary What does "pending" mean in real estate? Listing information is deemed reliable but not guaranteed accurate. It pays to know what these letters and initials mean, whether you’re just getting into real estate or are a seasoned pro. ACRP: Association of Commercial Real Estate Professionals, ARELLO: Association of Real Estate License Law Officials, IARP: International Association of Real Estate Professionals, NAIOP: Commercial Real Estate Development Association, NAREA: National Association of Real Estate Advisors, NARPM: National Association of Residential Property Managers, NREIA: National Real Estate Investors Association. Residential 3. Commercial 4. inRead more Learn more in the Cambridge English-Japanese Dictionary. The main categories are: 1. DSCR/DCR/DSR: debt service coverage ratio, HUD: Federal Department of Housing and Urban Development, All real estate transactions include contracts and most involve financing. As of December 19, 2019, Century21.com has been updated. "Korea's real estate market had enjoyed a long rally for years during the Lee Myung-bak and Park Geun-hye administrations," an NH NonhHyup Bank loan division researcher said. It's just about the qualifications below… So How Do You Qualify For Real There can be negotiations and contingencies, all of which can complicate the closing process. Knowing these abbreviations and acronyms can help you navigate the paperwork. Â, CCR: conditions, covenants, and restrictions, GNMA: Government National Mortgage Association (Ginnie Mae), PITI: principal, interest, taxes, and insurance. See more. Real estate is the job of buying and selling homes, buildings or property. We do receive compensation from some affiliate partners whose offers appear here. Buying and selling real estate is HARD! ©2020 Century 21 Real Estate LLC. Each office is independently owned and operated. That's all right, but what I want to know is: who's the real-estate shark that bought that coal for his apartment-houses? Put Real Estate’s “Unfair Advantages” to Work for Your Portfolio. CENTURY 21®, the CENTURY 21 Logo and C21® are service marks owned by Century 21 Real Estate LLC. No results found. FYI, real estate professional status is not the same thing as being a licensed real estate agent. That’s true, but it takes lots of hard work, aptitude, and knowledge to get there. (noun) An exam... A piece of land, and the buildings that are on it. Real estate is a term that refers to the physical land, structures, and resources attached to it. We're doing our best to make sure our content is useful, accurate and safe. When a real estate agent or broker acts in an agency capacity for a buyer or seller client in a transaction, the agent or broker functions under certain legally mandated duties called fiduciary duties, acting in the best interests of the client. Knowing what they mean can help you find properties that match your criteria.Â, 3B/2B (or 3/2): three bedrooms, two bathrooms, HVAC: heating, ventilation, and air conditioning. Real estate operating companies are an alternative to owning real property.These companies can shield investors from some of the risks that come with holding physical real estate… Adding a real estate designation to your resume can make you more versatile and valuable in the industry. Real estate associations and organizations help promote professionalism, improve transparency, and support continuing education. You probably know that real estate has long been the playground for the rich and well connected, and that according to recently published data it’s also been the best performing investment in modern history. Consumer Credit Counseling Service (CCCS), Covenants, Conditions and Restrictions (CC&Rs), Cpi and Market Rent Escalation (In a Lease), Environmentally Friendly Home Construction, Federal Home Loan Mortgage Corporation, Law, Loan Estimate (LE - formerly Good-Faith Estimate), Maintenance & Emergency Repairs (In a Lease), PITI (Principal, Interest, Taxes, Insurance), Real Estate Settlement Procedures Act (RESPA), U.S. Department. Real estate agents are, by and large, honest and ethical professionals. Places Moldova (ISO country code MD) Maryland (United States postal abbreviation MD) Magdeburg (vehicle plate prefix MD), a city in Germany Mödling District (vehicle plate prefix MD), in Lower Austria, Austria This disambiguation page lists articles associated with the title MD. ©2020 Century 21 Real Estate LLC. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. Learn more. Learn more about titles, title insurance, real property, property ownership, covenants, agreements, and other legal matters at FindLaw.com. Sign up for Real Estate Winners to create a wealth-building strategy today. That can make it hard to understand a contract or a conversation. The Ascent's Best Cities for a High Salary and Low Cost of Living -- How Does the Real Estate Measure Up? Real estate agent definition is - a person in the business of selling land and buildings. These abbreviations and acronyms show up a lot, whether you’re a seasoned investoror buying your first home. I cover a lot of personal finance topics to … estate definition: 1. a large area of land in the country that is owned by a family or an organization and is often…. Learn more. How to use estate in a sentence. Real Estate Investing: 10 Ways to Build Wealth. Estate definition is - state, condition. If you’re looking to boost your resume, these groups are a good place to start. 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