Abbreviations & Acronyms

 

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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)

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