Real Estate
Vocabulary and
Acronym Glossary
Real Estate Vocabulary Acronym Glossary.
Sometimes the acronyms in a Real Estate Transition can seem like a foreign language. This list of Acronyms and the description of what they mean can help you more easily navigate through the real estate selling and buying process.
APN: assessor’s parcel number
APR: Annual Percentage Rate
ADR: Average Daily Rate (common in hospitality real estate)
ADU: Accessory Dwelling Unit
AMC: Appraisal Management Company
ARM: Adjustable Rate Mortgage
AUM: Assets Under Management
BPOL: broker price opinion
BRRR: Buy, Rehab, Rent, Refinance
CAM: Common Area Maintenance
CAGR: Compound Annual Growth Rate
CAP Rate: Capitalization Rate
CC&R: Covenants, Conditions, and Restrictions
CD: Closing Disclosure
CDS: Credit Default Swap
CLOS: Closed Transaction
CMA: Comparative Market Analysis
CMBS: Commercial Mortgage-Backed Securities
COC: Cash on Cash (Return)
CRE: Commercial Real Estate
DOM: Days on Market
DCR: Debt Coverage Ratio
DSCR: Debt Service Coverage Ratio
FHA: Federal Housing Administration
FMV: Fair Market Value
FSBO: For Sale By Owner
GLA: Gross Leasable Area
FAR: Floor Area Ratio
GRI: Graduate, Realtor Institute
HELOC: Home Equity Line of Credit
HOA: Homeowners Association
HUD: U.S. Department of Housing and Urban Development
HVAC: Heating, Ventilation, and Air Conditioning
IRR: Internal Rate of Return
LAR: Loan Application Register
LBP: Lead-Based Paint
LOI: Letter of Intent
LTV: Loan-to-Value
LOX: Letter of Explanation
MLS: Multiple Listing Service
MMC: Master Mortgage Commitment
NAR: National Association of Realtors
NNN: Triple Net Lease
NCND: Non-Circumvention and Non-Disclosure
NOI: Net Operating Income
NOD: Notice of Default
NREI: National Real Estate Investor
PITI: Principal, Interest, Taxes, and Insurance
PIW: Property Inspection Waiver
PMI: Private Mortgage Insurance
PPSF: Price Per Square Foot
PSA: purchase and sale agreement
P&S: Purchase and Sale Agreement
PUD: Planned Unit Development
REIT: Real Estate Investment Trust
EBITDA: Earnings Before Interest, Taxes, Depreciation, and Amortization
COA: Certificate of Authority
CRS: Certified Residential Specialist
REO: Real Estate Owned
ROA: Return on Assets
ROFR: Right of First Refusal
ROI: Return on Investment
SFR: Single-Family Residence
TDR: Transfer of Development Rights
TSA: Tenant Space Allowance
TI: Tenant Improvements
TIC: Tenants in Common
VA: Veterans Affairs