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Do you speak “Realtorese?”

By
Real Estate Agent with Pine Knoll Shores Realty 252-422-9000 NC 166249

 

Do you speak “Realtorese?”  Maybe your buyers and sellers, neighbors and friends don’t.  Here’s a few important translations:

 

NAR                        National association of REALTORS®

NCAR                       North Carolina Association of REALTORS®

HOA                         Home Owner’s Association

PUD                          Planned Unit Development

HVAC                       Heating, venting and Air conditioning system

Closing                      Settlement Day

FISBO                      For Sale By Owner

Frog                         Finished Room over Garage

Agent Unavailable      Playing golf

ABR                          Accredited Buyer’s Agent

GRI                          Graduate of the Real Estate Institute

CRS                          Certified Residential Specialist

PMI                          Private Mortgage Insurance

CMA                         Comparable Market Analysis

LTV                          Loan to Value

 

REALTORS®…Go out and speak English.

Comments (4)

Jeff Jensen
The Federal Savings Bank/Lending in 50 states - Greenwich, CT

What you say is so true in any profession or pursuit.  Acronyms are taking over our language.  There ought to be a law.

Dec 20, 2011 08:58 AM
Kim Sellers
Lake Arrowhead, CA Coldwell Banker - Lake Arrowhead, CA
Lake Arrowhead Realtor - BRE#01412099 - Lake Arrow

Love it!  So many clients ask me what does this listing mean in the magazine, I always smile and go through it all.  Sometimes it can be so confusing to a consumer and we need to remember that.

Dec 20, 2011 09:03 AM
Karen Baker
Sunset Beach and Beyond Realty - Sunset Beach, NC
Professional Help with Rapid Responses...

Marian ~ We do speak English.. Realtorese is a form of English just like the world of texting ... noe (know) what I mean?? LOL

Dec 20, 2011 09:35 AM
Ed Gillespie
WealthWise Mortgage Planning, a Division of American Pacific Mortgage Corporation NMLS #1850 - Folsom, CA

Great point, Marian!  There's "mortgagese", too, and I am guilty of using with buyers (who then have no idea what I am talking about!)

Dec 20, 2011 12:12 PM