Industry Acronyms
CMA
What is a Certified Management Accountant?
The process of dividing the net operating income by the sales price.
What is cap rate?
When a property lien holder agrees to release a lien on a property for less is owed.
What is a short sale?
This person might say "When does a joke become a "dad joke?" When it becomes apparent.
Who is Josh White?
931 Thomas Jefferson Parkway
What is the address of Monticello?
HUD
What is the Department of Housing and Urban Development?
42%
What is the debt to income ratio needed to buy a home?
Latin words for "suit pending."
What is Lis Pendens?
This person might say that there are 3 things Realtors need to do better if you're submitting 10 offers and not winning.
Who is Matt Neece?
This was developed in the 1960s as a summer home community
What is Lake Monticello?
RESPA
What is the Real Estate Settlement Procedures Act?
620
What is the minimum credit score needed to buy a home?
The year Fair Housing Act was enacted.
What is 1968?
She sold her NYC Real Estate firm for 66 million in 2001 to do TV.
Who is Barbara Corcoran?
Home of Dolly and James beginning in 1797
What is Montpelier?
FEMA
What is the Federal Emergency Management Agency?
43,560 feet
What is the amount of square feet in an acre?
Loyalty, Obedience, Disclosure, Confidentiality, Reasonable Care, Diligence, and Accounting
What are the fiduciary responsibilities of a real estate agent?
Charlie Oppler
Who is the president of NAR?
This property was auctioned for 20.2 million in July of this year
What is Fashion Square Mall?
HARP
What is Home Affordable Refinance Program?
Property price divided by gross annual rental income
What is the gross rent multiplier?
A type of property ownership when 2 or more people own it.
What is tenancy in common?
This person’s default response is “no” any time you need help with something at CAAR.
This University of Virginia Landmark was completed in 1895 after 10 years of construction.
What is the UVA Chapel?