ABR - Accredited Buyer Rep (accreditation classes must be taken by real estate agent to earn this designation)
ACAR - Akron Cleveland Association of REALTORS® (prior to 10/15/13 ABOR and CABOR)
ACBR - Ashtabula County Board of REALTORS®
APR – Annual Percentage Rate
ARM – Adjustable Rate Mortgage
CBR – Certified Buyer Representative (accreditation classes must be taken by real estate agent to earn this designation)
CDOM - Cumulative Days on Market
CE - Continuing Education
CEU - Continuing Education Units (Ohio requires agents to complete 30 hours of approved courses every 3 years to renew their license)
CHMS – Certified Home Marketing Specialist (accreditation classes must be taken by real estate agent to earn this designation)
CLHMS – Certified Luxury Home Marketing Specialist (accreditation classes must be taken by real estate agent to earn this designation)
CMA - Comparative Market Analysis
CNS – Certified Negotiation Specialist (accreditation classes must be taken by real estate agent to earn this designation)
CPM – Certified Property Manager (accreditation classes must be taken by real estate agent to earn this designation)
CRB – Certified Real Estate Broker (accreditation classes must be taken by real estate broker to earn this designation)
CRIS - Centralized Real Estate Information Services, merged with NORMLS to form Yes-MLS on 5/1/18
CRS - Certified Residential Specialist (accreditation classes must be taken by real estate agent to earn this designation)
CSS - Centralized Showing Service merged with ShowingTime 9/1/19
DOM - Days on Market
e-PRO – Internet Professional (accreditation classes must be taken by real estate agent to earn this designation)
EA - Exclusive Agency Listing Agreement (listing broker will not be paid the commission if the seller is able to find the buyer on their own).
ECAR - East Central Association of REALTORS®
ERS - Exclusive Rights to Sell Listing Agreement (listing broker will be paid the commission if the property sells no matter who
Fannie Mae - Federal National Mortgage Association
Freddie Mac - Federal Home Loan Mortgage Corporation
FHA - Federal Housing Administration
FSBO - For Sale By Owner
GMVAR - Guernsey Muskingum Valley Association of REALTORS®
GRES – Graduate Real Estate Society (accreditation classes must be taken by real estate agent to earn this designation)
GRI - Graduate REALTOR® Institute (accreditation classes must be taken by real estate agent to earn this designation)
HOA - Homeowners Association
HUD - Housing and Urban Development
IDX - Internet Data Exchange
LGAAR - Lake Geauga Area Association of REALTORS®
LoCAR - Lorain County Association of REALTORS®
LTV – Loan to Value Ratio
MBOR - Marietta Board of REALTORS®
MCBOR - Medina County Board of REALTORS®
MLS – Multiple Listing Service
NAR – National Association of REALTORS®
NEC - Not Elsewhere Classified
NEOHREX - NorthEast Ohio Real Estate Exchange
NORMLS - Northern Ohio Regional Multiple Listing Service, merged with CRIS to form Yes-MLS on 5/1/18
OAR - Ohio Association of REALTORS®
ODRE - Ohio Department of Real Estate
OR - Ohio REALTORS® - formerly Ohio Association of REALTORS® (OAR)
PAAR - Parkersburg Area Association of REALTORS®
PCAR - Portage County Association of REALTORS® (closed 12/31/19)
PITI – Principal, Interest, Taxes and Insurance
PMI – Private Mortgage Insurance
POF – Proof of Funds
PSO - Private Selling Officer (an appointed officer of the court who is ordered to sell foreclosed real property for the court in a judicial sale instead of the county sheriff)
PUD - Planned Unit Development
PURD - Planned Unit Residential Development
REALTOR® – Member of the National Association of REALTORS® (keyboard shortcut is Alt+0174 for the registered symbol)
REO - Real Estate Owned
RETS - Real Estate Transaction Standards
RPAC - REALTORS® Political Action Committee
SARO - Submit All Reasonable Offers
SCAR - Stark County Association of REALTORS®
SFR - Single Family Residential
SQFT - Square Feet (note: to convert Lot Area SqFt to acres divide by 43,560)
SRES – Senior Real Estate Specialist (accreditation classes must be taken by real estate agent to earn this designation)
SSO - Secure Sign On
TBB - To Be Built
TCBOR - Tuscarawas County Board of REALTORS®
TT - Title Transfer
UPA - Unlicensed Personal Assistant
VA – Department of Veterans Affairs / Veterans Administration
VT - Virtual Tour
WABOR - Warren Area Board of REALTORS®
WVAR - West Virginia Association of REALTORS®
YCAR - Youngstown Columbiana Association of REALTORS®
Yes-MLS - Yes Multiple Listing Service, NORMLS merged with CRIS to form Yes-MLS on 5/1/18-12/31/20 (became MLS Now 1/1/21)