This means a home being sold by an owner without a real estate agent isn’t technically a listing. Lo dues – This means there are low homeowner association (HOA) dues for that particular neighborhood or community. What does oth mean in real estate? Definition. OTH.
What is an OTP in real estate?
Commonly known as an OTP, this is a document that contains all the terms and conditions attached to the purchase, setting out the sale agreement between the seller and the buyer of a property. What is Lo in real estate? This means a home being sold by an owner without a real estate agent isn’t technically a listing.
Do Realtors use abbreviations in their listings?
Usually, the realtor's website will give a good description without the real estate abbreviations. There are many abbreviations used in real estate, but the following list includes the more common ones you’ve probably heard before.
What are the terms of buying a house?
General real estate terms 1 As-is 2 Buyer’s agent/listing agent 3 Closing 4 Closing costs 5 Days on market (DOM) 6 Due diligence 7 Escrow holder 8 Homeowner’s association (HOA) 9 iBuyer 10 Multiple listing service (MLS) More items...
What is tenancy in common?
Tenancy in common describes a type of joint ownership of a property, whether a single family property or a commercial building. The tenants in common all own the property, but in different ratios. Depending on the property type will determine the ease or difficulty in securing financing.
What are the abbreviations for real estate?
Why are real estate abbreviations important?
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What is the meaning of OTH?
Sample 1Sample 2. OTH means a character of service of Other Than Honorable.
What does OTH order mean?
Other Than Honorable (characterization of US military discharge) OTH.
What does oth mean in law?
Under Other Than Honorable Conditions characterizations (typically referred to as “UOTHC” or “OTH”) are deemed appropriate if based upon a pattern of behavior or acts that demonstrate a significant departure from the conduct expected of military members. Punitive discharges can only be adjudged at a court-martial.
What does oth mean in business?
Meaning. OTH. Other (on overtime forms)
What is an OTH loan?
OTH Financing means any finance from time to time provided by Financing Parties.
What does second order term mean?
A second order reaction is a type of chemical reaction that depends on the concentrations of one-second order reactant or two first-order reactants. This reaction proceeds at a rate proportional to the square of the concentration of one reactant, or the product of the concentrations of two reactants.
Can OTH be changed?
OTH Discharge does not have to be permanent Upgrading your OTH Discharge is possible if you can show the Discharge Review Board or Board for the Correction of Military Records that your OTH Discharge was either improper or unjust.
How does an OTH affect you?
If you received an OTH discharge, you cannot get education benefits under the G.I. Bill, nor can you receive a military pension or apply for a VA home loan. It may be difficult or even impossible to get a federal job because you lose your veterans' preference rights in the hiring process.
What does or stand for in legal terms?
own recognizancen. short for "own recognizance," meaning the judge allowed a person accused in a criminal case to go free pending trial without posting bail. A person so released is often referred to as having been "OR-ed."
What does TPO stand for in sales?
Trade promotion optimization (TPO) is the process of utilizing integrated goals, factoring in promotion (e.g. price, duration) and supply constraints, and predictive analytics to create continuously improving trade promotion strategies and results.
What does COC mean in sales?
COC stands for Customer Order Confirmation (sales and receivables)
What does AT stand for in business?
What does A/T stand for?Rank Abbr.MeaningATAnti-TamperingA/TAnytime (Minutes, Virgin Mobile USA)ATAttestation Standard (accounting)ATAppleTalk (Apple local area network technology)14 more rows
What does oth mean in medical coding?
OTH. Other Routes of Administration (drugs)
What does oth mean in the Navy?
Other than Honorable (OTH) discharge? You may qualify for VA medical benefits. VA provides world-class health care to eligible Veterans, including those with Other Than Honorable discharge status. You may be eligible for care for certain health issues related to your military service.
What does order mean in police?
Police Orders are designed to give temporary protection against the risk of family violence. They can be made in situations where a police officer reasonably believes an FVRO could be made and: there is an urgent need for a restraining order to be made, or.
How is an order different from a judgment?
An order is defined under Section 2(14) of the CPC as the formal expression of any decision of a civil court which is not a decree, whereas a judgement is defined under Section 2(9) of the CPC as the statement given by the judge of the grounds of a decree or order.
40 Common Real Estate Abbreviations and Acronyms - MasterClass
Business 40 Common Real Estate Abbreviations and Acronyms . Written by MasterClass. Last updated: Jun 15, 2021 • 7 min read
Commonly Used Real Estate Abbreviations and Acronyms - U.S. Title Records
A helpful list of the most commonly used real estate and property abbreviations used in all real estate related industries.
Real Estate Abbreviations
Browse and search thousands of Real Estate Abbreviations and acronyms in our comprehensive reference resource.
Real Estate Acronyms and Real Estate Abbreviations - List of 3.2k
Browse the list of 3.2k Real Estate acronyms and abbreviations with their meanings and definitions. Most popular Real Estate abbreviations updated in October 2022
REAL ESTATE ABBREVIATIONS and ACRONYMS - U.S. Title Records
County real estate and property records abbreviations and acronyms: AD Administrator’s Deed Notice AJ Affidavit of Joint Tenant Deed AG Agreement Agreement Comm.Miscellaneous
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Property Listing Abbreviations
AC or A/C – Air conditioning AEK – All electric kitchen APPLS – Appliances BA – Bathroom BR – Bedroom CATH – Cathedral ceilings CAC – Central air conditioning CDS – Cul de sac CH – Central heat C/VAC – Central vacuum CP – Carport D/D – Dishwasher and a garbage disposal DET – Detached garage DK – Deck FDR/DR – Dining room or a formal dining room FAG – Forced air gas F/BSMT – Fully finished basement FPLC, FP, FRPLC – Fireplace FSBO – For Sale By Owner GARD – Garden GAR, GR – Garage GRMET KIT, GRMT KIT – Gourmet kitchen GRT RM – Great room HD, HDFL – Hardwood floors HI CEIL (S) – High ceilings KIT, KT – Kitchen LA – Living area LR – Living room OFC – Office OSP – Off-street parking is available PL, SP, S/P – Swimming pool PVT – Private PWDR RM – Powder room or half bath Q POS – Available for quick possession SMART – Typically computer controlled heating and cooling, alarms, and lights etc. SPAC – Spacious UPF, UPR – Upper floor VWS, VW, VU – View or views W/D WD – Washer and dryer WIC – Walk-in closet.
Real Estate Investing Abbreviations
ARV – After-Repaired Value CCIM – Certified Commercial Investment Member COO or C of O – Certificate of Occupancy CMA – Comparative Market Analysis COCR or CCR – Cash on Cash Return COF – Cost of Funds CRE – Commercial Real Estate CRE – Creative Real Estate DCR, DSCR, DSR – Debt Service Coverage Ratio DTI – Debt to Income Ratio FMV – Fair Market Value FHA – Federal Housing Administration FMR – Fair Market Rent FSBO – For Sale by Owner GNMA – Ginnie Mae or “Government National Mortgage Association” GRM – Gross Rent Multiplier HOA – Homeowners Association HML – Hard Money Lender HUD – Housing and Urban Development IRR – Internal Rate of Return IRA – Individual Retirement Account JV – Joint Venture L/O – Lease Option LLP – Limited Liability Partnership LLC – Limited Liability Company LTV – Loan to Value MAO – Maximum Allowable Offer MLS – Multiple Listing Service NNN – Triple Net Lease NOO – Non-Owner Occupied NOI – Net Operating Income OO – Owner Occupied O/F – Owner Finance P&S – Purchase and Sale PCF – Price to Cash Flow (ratio) PITI – Principal, Interest, Taxes and Insurance PUD – Planned Unit Development REI – Real Estate Investing REIA – Real Estate Investors Association ROI – Return On Investment REO – Real Estate Owned RTO – Rent to Own SFH – Single Family House SFR – Single Family Residence VA – Department of Veterans Affairs / Veterans Administration.
Real Estate Financing Abbreviations
AMORT – Amortization APR – Annual Percentage Rate ARM – Adjustable Rate Mortgage CCR – Conditions, Covenants, and Restrictions CFD – Contract for Deed CLTV – Combined Loan To Value CAP – Capitalization DBA – Doing Business As DOS – Due On Sale Clause DOT – Deed of Trust DOS – Due On Sale Clause EMC – Earnest money contract FCRA – Fair Credit Reporting Act FDIC – Federal Deposit Insurance Corporation FEMA – Federal Emergency Management Agency FHLMC – Freddie Mac or “Federal Home Loan Mortgage Corporation” I/O– Interest Only (loan) LOC – Line of Credit LOI – Letter of Intent LPOA – Limited Power of Attorney MAO – Maximum Allowable Offer PMI – Private Mortgage Insurance POA – Power of Attorney POF – Proof of Funds Sub2 – Subject to existing financing TIL – Truth In Lending.
What is real estate jargon?
Real estate is full of jargon (“DOM”, “HOA”, “pre-qual”, etc), and it can add layers of confusion to an already convoluted process. Whether you’re buying or selling a home, we created this resource to help you learn the vocabulary.
When a buyer makes an offer on a property they haven't seen, even when it was possible to?
When a buyer makes an offer on a property they haven’t seen, even when it was possible to see it, that offer is considered a “blind offer”. It is most commonly used in a highly competitive area and/or circumstance, and used as an attempt to be first and win quickly.
What is a buyer's agent?
A buyer’s agent, also known as a selling agent, is a licensed real estate professional whose job is to locate a buyer’s next property, represent their interests by negotiating on behalf of that buyer to obtain the best price and purchasing scenario for that buyer as possible.
What does "as is" mean in real estate?
A property marketed in “as is” condition usually indicates that the seller is unwilling to perform most if not all repairs. It could also mean that it is priced “as is”, which is typically lower than market pricing in the area.
Do you own the land when you buy a house?
Traditionally, when you purchase a home, you own the home and the land the property is built on. There are some circumstances that involve a land lease, which means you would own the home while paying rent to the landowner for the land.
Can a probate court authorize a real estate agent to sell a house?
In such situations, the probate court would authorize an estate attorney, or other representative, to hire a real estate agent to sell the home. The total process will usually be a bit more complicated and therefore will take more time than a conventional sale.
What does it mean when a home is contingent?
When the sale of a home is listed as contingent, it means that the seller has accepted an offer on the property, but there are still other steps, or contingencies, that must be met before the deal can go through.
What does ARV mean in real estate?
ARV stands for After Repaired Value, which is the value a property has after it has been rehabbed. This value is determined by an appraiser before the repairs have been completed, based on a list of the proposed repairs.
What is a short sale?
A short sale occurs when a financially distressed home is sold for a smaller amount than what is still owed on the mortgage. In this scenario, all the money from the sale goes to the mortgage lender, who is also responsible for approving the sale. For a seller, selling their house in a short sale is financially better than a foreclosure.
What is an abstract title?
Abstract of title: A ummary or condensation of the essential parts of all recorded instruments which affect a particular piece of real estate, arranged in the order in which they were recorded.
What is acceptance of an offer?
Acceptance: An indication by an offeree of willingness to be bound by the terms of the offer. Acknowledgment: A declaration made by a person to a notary public, or other public official authorized to take acknowledgments, that the instrument was executed by the person and that it is a free and voluntary act.
What Is Real Estate?
Real estate is the land along with any permanent improvements attached to the land, whether natural or man-made—including water, trees, minerals, buildings, homes, fences, and bridges. Real estate is a form of real property. It differs from personal property, which are things not permanently attached to the land, such as vehicles, boats, jewelry, furniture, and farm equipment.
What are the different types of real estate?
There are five main categories of real estate: residential, commercial, industrial, raw land, and special use. You can invest in real estate directly by purchasing a home, rental property or other property, or indirectly through a real estate investment trust (REIT). 1:34.
What is personal property?
Real property shouldn't be confused with personal property, which encompasses all property that doesn't fit the definition of real property. The primary characteristic of personal property is that it's movable. Examples include vehicles, boats, furniture, clothing, and smartphones.
Why do investors and analysts keep a close eye on housing starts?
Investors and analysts keep a close eye on housing starts because the numbers can provide a general sense of economic direction. Moreover, the types of new housing starts can give clues about how the economy is developing.
How many types of real estate are there?
There are five main types of real estate:
Is real estate a key economic indicator?
In fact, housing starts —the number of new residential construction projects in any given month—released by the U.S. Census Bureau is a key economic indicator. The report includes building permits, housing starts, and housing completions data, divided into three different categories:
What does MOL mean in property?
Metropolitan open land (MOL) is a form of land designation within London. Land designated as MOL is intended to be protected as an area of landscape, recreation, nature conservation or scientific interest. MOL designation provides land with the same level of protection as the Green Belt.
What does MOL mean in marketing?
Middle of life (MOL), in the context of manufacturing and product lifecycles, is the segment of a product’s existence in which it is established in the marketplace.
What does MOL mean in shipping?
Lines (Japanese: 株式会社商船三井, romanized: Kabushiki-gaisha Shōsen Mitsui; abbreviated MOL) is a Japanese transport company headquartered in Toranomon, Minato, Tokyo, Japan. It is one of the largest shipping companies in the world.
How do you abbreviate mole?
The unit is abbreviated mol. The word “mole” is derived from “gram molecular weight”, the original term. Industrial chemists and chemical engineers also use a “kilogram molecular weight” as equal to 1 kmol (or kg-mol) and in the United States as a pound-mol (lb-mol) which is equal to 453.592 gram mols.
What does MOL stand for in education?
At Colorado Christian University, we want to help you discover which option is right for you – a master’s degree in organizational leadership (MOL) or a master’s degree in business administration (MBA). The Master of Business Administration (MBA) is generally regarded as the hallmark of post-secondary education.
What does YN mean in real estate?
For Rent YN – Signifies whether the property in question is also available for lease. Foundation – Use this field to define the type of foundation used in the improved property.
What does OTP stand for in real estate?
You will need to submit an Offer To Purchase to the seller. Commonly known as an OTP, this is a document that contains all the terms and conditions attached to the purchase, setting out the sale agreement between the seller and the buyer of a property.
What Does A Contingency Mean When House Hunting?
Now that you understand common contingencies, you’ll be better prepared when you come across an active listing with a contingent status while you’re house shopping.
What does contingent mean in real estate?
In real estate, when a house is listed as contingent, it means that an offer has been made and accepted, but before the deal is complete, some additional criteria must be met. So, for example, if a seller offers a certain price and you as the buyer say the price is fine, (provided the home inspection comes back clean), ...
What is a contingency in a mortgage?
Mortgage Contingency. A mortgage contingency gives the buyer a specific period of time to secure financing. The good news is that this is a contingency that can be mostly handled by doing some due diligence. First, you want to make sure that as a buyer you have been preapproved for a mortgage, not just prequalified.
How many homes will be sold in 2020?
Buying a house is still one of the top ways to build wealth, and real estate sales are up. However, although 5.64 million existing homes traded hands in 2020, according to data from the National Association of REALTORS ®, there are no certainties in any real estate transaction. Every one has an element of surprise regarding how the process will play out because every seller, buyer, situation and house is different.
Why are home sales made contingent?
That’s why most home sales are made “contingent” on what happens next, which allows buyers to back out if something goes wrong as the sale moves through the process on the way to completion.
Do houses have clean titles?
The home’s title reveals who actually owns the house and who has owned it all along the way. However, sometimes homes don’t have “clean titles.” They might have encumbrances like easement issues or a mortgage lien from the past.
What are the abbreviations for real estate?
There are many abbreviations used in real estate, but the following list includes the more common ones you’ve probably heard before. In the abbreviations, you may see differences in which letters get capitalized and which don’t depending on the realtor/publication. 3B/2B - three bedrooms and two bathrooms. 2C - two-car garage.
Why are real estate abbreviations important?
Real estate abbreviations are important to save time and money. If they were not used, the ads for a home could get quite lengthy. Usually, the realtor's website will give a good description without the real estate abbreviations.