They are used often in advertisements and on the multiple listing service sites in the descriptions of a property. Examples are "HOA fees" (homeowners association fees) and "MOPOA" (monthly POA fee). Please look for them carefully. "Initials, such as "FHA" (Federal Housing Administration) and "HUD" (Housing and Urban Development Department) are used widely in real estate documents. Here are the most common abbreviations used in real estate. The meaning of some abbreviations in real estate can rely strongly on the context.
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In traditional advertising they are used to conserve space (e.g.
These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them It’s FROGs, or frivolously related output gaps. Most real estate agents use similar abbreviations as part of real estate lingo, so once you get the jist, you can read any listing with confidence.
Real Estate Agent with Buyer's Resource Realty Services But, now traditional real estate agents use other marketing venues, especially the Internet.
(If the room has a closet, it is considered a bedroom in the home listing.) These words no longer have the feel or look of an acronym but are used widely in real estate documents.Fees described in contracts are often abbreviated, which can obscure their cost and purpose. POA is, in this instance, an acronym for "price on application." I had one personal experience where a listing agent stated that the roof was recently updated. 7100 North High Street Suite 204
The following list contains some of the abbreviations which are commonly used in the real estate industry. Abbreviations are a necessity in real estate advertising because most of the time so much information must be communicated such little space. How many of you out there honestly knew what this abbreviation meant? FROG. F.O.R.D. The information about the home on the main listing page usually has misleading descriptions.Needs a little TLC or fixer upper............really means the house is a dump and hasn't been updated at all.Cozy, cute home.................really means the home is so small that it is difficult to turn around in. "Newer CC style home, 3BR, 1.5BA, WBFP, new A/C with a large FROG, no bsmt and only 209K" Can anyone please translate what I just typed here? Being able to decipher real estate abbreviations & terms has always been a funny, frustrating problem for many home buyers. heh, heh, heh.Years ago, selling homes via classified ads in the back of newspapers and magazines was common place. He just didn’t have the gift of “small talk” and didn’t know how to do it well. Abbreviations have their place in writing. Don't let abbreviations get in the way of understanding the meaning of the real estate contracts you sign. The World's most comprehensive professionally edited abbreviations and acronyms database All trademarks/service marks referenced on this site are properties of their respective owners. You always want to make sure you have a full home inspection completed by a qualified home inspector. The listing agent provided documentation that the roof was nearly 9 1/2 years old.I asked the agent how they could describe a nearly 10 year old roof as recently updated. My personal definition of "updated" is anything that has been done in the last 5 years.You really have to be careful when you see a sellers that uses "many updates" in the listing description. make an informed decision when buying or selling a house. You could also find this term in some contracts as "rent w/Opt-Buy. However, POA can also stand for "power of attorney." Another example is "R/OPT" which is short for "rent with option to buy." All Acronyms. Top FROG acronym meaning: Finished Room Over Garage. Many times in the listing description you will see the words"many updates" or "mechanical's updated". For years, I've told my clients that you have to be able to read between the lines when you are looking for a home. Ask your broker or agent to explain any word you don't understand and arm yourself with a good real estate glossary before signing any real estate contract.Real estate contracts will often include abbreviations when describing the materials and structures on a property. So, the good news is that heavy use of vague real estate terms, abbreviations and euphemisms in real estate marketing is on the decline.
Many real estate agents & brokers don't even know what a frog is? Many real estate agents & brokers don't even know what a frog is?Being able to decipher real estate abbreviations & terms has always been a funny, frustrating problem for many home buyers. I don't think so!One last tidbit of information for you. Finnish-Russian Optical Gateway technology, computing, telecommunications. Well, the majority of the real costs in building a FROG are raising the roof approximately 5-6’ so as to achieve walking clearance plus, the cost of the stairway. If the cost is $25,000 for a finished 300’ FROG w/full bathroom, the cost to build it but, not finish it is probably around $18,000 – $20,000. heh, heh, heh.
Don't be afraid to ask questions; most real estate abbreviations are technical terms you have no business knowing if you do not work in the industry. 4B/2B: … They are useful. For FROG we have found 78 definitions.
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