Nc Real Estate Acronyms

Front 1

FHA

Back 1

Federal Housing Administration (Government Loans)

Front 2

PMI

Back 2

Private Mortgage Insurance (Conventional Loans)

Front 3

VA

Back 3

Veterans Administration (Government Loans)

Front 4

CRV

Back 4

Certificate of Reasonable Value (VA Loan)

Front 5

Fannie Mae (FNMA)

Back 5

Federal National Mortgage Association (Secondary mortgage market)

Front 6

Freddie Mac (FHLMC)

Back 6

Federal Home Loan Mortgage Corp. (Secondary mortgage market)

Front 7

Ginnie Mae (GNMA)

Back 7

Government National Mortgage Association (Secondary mortgage market)

Front 8

FRESH CORN

Back 8

Family Race (Equal) Sex Handicap Color (Opportunity) Religion National Origin (Protected classes)

Front 9

FSBO

Back 9

For Sale By Owner (excemptions to fair housing)

Front 10

ECOA

Back 10

Equal Credit Opportunity Act (Fair Housing)

Front 11

ADA

Back 11

Americans with Disabilities Act (Fair Housing)

Front 12

OLD CAR

Back 12

Obedience Loyalty Disclosure Confidentiality Accounting Reasonable Skill (Fiduciary duties)

Front 13

PTM

Back 13

Price Terms Motivation (Confidential Information)

Front 14

MLS

Back 14

Multiple Listing Services (Sherman Antitrust)

Front 15

LLC

Back 15

Limited Liability Company (Forms of Business Ownership)

Front 16

ROI

Back 16

Return On Investment (Investment Terms)

Front 17

POIT

Back 17

Points Origination Interest Taxes (Tax Deductions)

Front 18

EPA

Back 18

Environmental Protection Agency (Environmental Issues)

Front 19

LLBEANS

Back 19

Lists Leases Buys Exchange Auctions Negotiates Sells (brokerage activities)

Front 20

BIC

Back 20

Broker in Charge (NC License Law)

Front 21

HUD

Back 21

US Dept. Of Housing and Urban Development (Multiple)

Front 22

IRMA

Back 22

Intent Relationship Method of Attachment Adaptation (Test for Fixtures)

Front 23

POB

Back 23

Point of Beginning ( Metes and Bounds)

Front 24

ILC

Back 24

Improvement Location Certificate (Property Description)

Front 25

CO

Back 25

Certificate of Occupancy (Land Use Restrictions)

Front 26

FEMA

Back 26

Federal Emergency Management Agency (Land Use Retrictions)

Front 27

PUD

Back 27

Planned Unit Development (Zoning)

Front 28

PETE

Back 28

Police Power Eminent Domain Taxation Escheat (Government rights in land)

Front 29

PITT

Back 29

Possession Interest Title Time (Unities for joint tenancy)

Front 30

HOA

Back 30

Homeowners Association (Common interest ownership)

Front 31

OCEAN

Back 31

Open Continuous Exclusive Actual Notorious (Involuntary alienation)

Front 32

RESPA

Back 32

Real Estate Settlement Procedures Act (Settlement/Closing)

Front 33

GFE

Back 33

Good Faith Estimate (Settlement/Closing)

Front 34

BOS

Back 34

Buyer Owes Seller (Prorations)

Front 35

SOB

Back 35

Seller Owes Buyer (Prorations)

Front 36

UETA

Back 36

Uniform Electronic Transactin Act (Real estate contracts)

Front 37

BPO

Back 37

Broker's Price Opinion (Appraisal)

Front 38

CMA

Back 38

Comparative Market Analysis (Appraisal)

Front 39

URAR

Back 39

Uniform Residential Appraisal Report (Appraisal)

Front 40

USPAP

Back 40

Uniform Standards of Professional Appraisal Practice (Appraisal)

Front 41

DUST

Back 41

Demand Utility Scarcity Transferability (Essential Elements of Value)

Front 42

PEGS

Back 42

Physical Economic Government Social (Forces Factors Affecting value)

Front 43

IRV

Back 43

Income-Rate-Value (Income Approach)

Front 44

NOI

Back 44

Net Operating Income (Income Approach)

Front 45

PGI

Back 45

Potential Gross Income (Income Approach)

Front 46

EGI

Back 46

Effective Gross Income (Income Approach)

Front 47

GRM

Back 47

Gross Rent Multiplier (Appraisal)

Front 48

ARM

Back 48

Adjustable Rate Mortgage (lending)

Front 49

PITI

Back 49

Principal Interest Taxes Insurance (Lending/budget mortgage)

Front 50

HELOC

Back 50

Home Equity Line of Credit (Lending/home equity loan)

Front 51

MGI

Back 51

Monthly Gross Income ( Debt to income ratio)