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Ep208 The ABCs of Real Estate – Part 2
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If you have listened to this podcast for long enough, you know that it’s no secret that Jason will many times use acronyms that might leave you scratching your head asking yourself, “What the hell does that acronym stand for?!” Several weeks ago, we decided mid-recording of the podcast episode that we had enough acronyms that we could easily do a Part 2 episode. Well, you’re in luck, because today, we bring to you Part 2 as we breakdown and explain even more of the top acronyms in the real estate world stand for so you can be more educated the next time you go to buy/sell a home! TALKING POINTS (3-5):
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- Introduction
- Real Estate Acronyms:
- ABR (Accredited Buyer Representative)
- CCIM (Certified Commercial Investment Member)
- CPM (Certified Property Manager)
- CRB (Certified Real Estate Broker)
- CRE (Commercial Real Estate)
- CRS (Certified Residential Specialist)
- GRI (Graduate Realtor Institute)
- SRES (Senior Real Estate Specialist)
- FNMA (Federal National Mortgage Association – a.k.a. “Fannie Mae”)
- FHLMC (Federal Home Loan Mortgage Corporation – a.k.a. “Freddie Mac”)
- GNMA (Government National Mortgage Association – a.k.a “Ginnie Mae”)
- HOA (Homeowner’s Association)
- HUD (Housing and Urban Development)
- PUD (Planned Unit Development)
- REIT (Real Estate Investment Trust)
- LOI (Letter of Intent)
- NOI (Net Operating Income)
- ROI (Return on Investment)
- FSBO (For Sale By Owner)
- POF (Proof of Funds)
- Final thoughts
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