DO ACRONYMS IN REAL ESTATE CONFUSE YOUR CLIENTS?

By
Real Estate Agent with RESupermen at Niblock Co. Realtors 184520

How often do we perplex and confuse a client or customer by using a term that they are unsure of?

Well I am a recovering Real Estate Acronym user or at least try to be. I am not sure that the 12 step approach has or will work for me but I always am working to do and be better. So these are the acronyms I am trying to ban from my every day  real estate vocabulary.

PITI,    LTV,   BPO,    HOA,    FNMA,   REO,   IABS,   MUD,   CMA,   ARM,   FIxer Upper, FSBO, PMI

So, which acronyms do you avoid and which ones do you use and remain addicted to?

 

Clark Niblock

210 416 5940

#SanAntoniosBestRealtors

Comments (3)

Sophia Lin
Intero Real Estate Services - Sunnyvale, CA
Sunnyvale CA Real Estate Specialist

Hi Clark, I think as long as you explain the acronym at first then keep using it, it is okay to use, for example "PITI" (aka principal interest tax & insurance), then continue to say PITI....

BB4N (Bye Bye for now),

Lol (laughing out loud),

Have a great day!  Sophia Lin 

Jun 16, 2016 06:36 AM
Sammy Shrimali
Aacer Realty - Pleasanton, CA
Real Estate Broker Serving the San Francisco Bay

Thanks Clark for bringing this issue up.  

I am also trying very hard to not use Acronyms.  

I am constantly using FSBO, CMA and PITI. My clients will stare at me with a blank look on their face and I immediately will catch myself.  

We should all be aware that we should speak the language of our clients not our own.

Jun 16, 2016 06:39 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Clark

It's so easy to spew out the acronyms that we are so accustomed to using on a daily basis, forgetting that our buyers and sellers may have no clue what we are talking about. I try to be mindful of this whenever I am talking with clients and prospects.

Jeff

Jun 16, 2016 07:30 AM

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