What is an LO in real estate?

A home being sold by the owner (FSBO) without a real estate agent isn’t a “listing.” Lo dues: Low homeowners association dues.

What does Lo mean in real estate?

I decided to ask the real estate agents what they thought about loan officers.

What is the abbreviation for real estate broker?

CRB: CRB stands for “certified real estate broker,” a special designation for brokers offered by the National Association of Realtors. CRE: CRE, or commercial real estate, refers to real estate used for business purposes rather than private property (or residential real estate).

What is comparative market analysis for real estate?

What Is A Comparative Market Analysis (CMA) In Real Estate? A comparative market analysis is a tool that real estate agents use to estimate the value of a specific property by evaluating similar ones that have recently sold in the same area.

What does MLF mean in real estate?

Municipal Liquidity Facility (MLF) Personal Finance.

What does t mean on Gsmls?

Sale Pending; No Contingencies. RACT. Reactivated. TEMP. Temporarily Withdrawn.

What is OCT in real estate?

OCT – Original Certificate of Title.

IT IS INTERESTING:  Question: Can a PoA sell a home?

What does Hi mean in real estate?

High ceiling. HOA. Homeowners’ association. HVAC. Heating, ventilation, and air conditioning.

What does TBT mean in real estate?

Throwback Thursday (#TBT): Commercial Real Estate Tips for Landlords – MacRo Commercial Real Estate.

Who typically prepares a comparative market analysis?

A comparative market analysis (CMA) is an estimate of a home’s value based on recently sold, similar properties in the immediate area. Real estate agents and brokers create CMA reports to help sellers set listing prices for their homes and, less commonly, to help buyers make competitive offers.

What is the difference between an appraisal and a comparative market analysis?

The main difference between an appraisal and a CMA is the personnel involved. Whereas a CMA is conducted by a real estate agent, an appraisal is carried out by a licensed appraiser on behalf of the bank. Once a buyer applies for a loan to purchase your home, the bank will order an appraisal of the property.

What 2 items are contingent on a purchase agreement?

Most Purchase Agreements are Contingent on What Two Items

The two contingencies most real estate contracts are contingent upon are the financing contingency and the inspection contingency.