Ep204 The ABC's of Real Estate

The Really REAL Real Estate Podcast

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?!” Well, you’re in luck, because today, we breakdown and explain what some 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):

• Introduction
• Real Estate Acronyms Real Estate Associations:
• NAR (National Association of Realtors)
• PAR (Pennsylvania Association of Realtors)
• RAMP (Realtors Association of Metropolitan Pittsburgh)
• MLS (Multiple Listing Service)

Real Estate Terms:

• CMA (Comparative Market Analysis)
• BPO (Broker’s Price Opinion)
• BRI (Buyer’s Reply to the Inspection)
• CTA (Change in Terms Addendum)

Lending Terms:

• LTV (Loan-to-Value)
• APR (Annual Percentage Rate)
• DTI (Debt-to-Income Ratio)
• PITI (Principal, Interest, Taxes, & Insurance)
• ARM (Adjustable-Rate Mortgage)
• PMI (Private Mortgage Insurance)
• FHA (Federal Housing Administration)
• VA (Veteran’s Affairs)

Miscellaneous Terms:

• ARV (After Repair Value)
• CC&R (Covenants, Conditions, & Restrictions)
• POA (Power of Attorney)
• REO (Real Estate Owned)
• Final thoughts

HASH TAGS: #acronyms #abc #123 LINKS: JASON: https://jasonwilcox.cbintouch.com/ https://www.zillow.com/profile/jasonwilcox1987/ https://www.youtube.com/channel/UCrRksfKiMNteHKYRYrinAug?view_as=subscriber https://www.facebook.com/jason.wilcox.186 https://twitter.com/jason_wilcox1 https://www.instagram.com/jason.wilcox1/ CONTACT INFORMATION: JASON: Cell Phone: [phone] Email: [e-mail] AIR DATE: MAY 17, 2024