Industry Acronyms
FHA
What is FEDERAL HOUSING AUTHORITY
1971
What year was Century 21 Realty created?.
Annual Returns / Cost of Investment
What is ROI (Return on Investment)
WHEN A PROPERTY LIEN HOLDER AGREES TO RELEASE A LIEN ON A PROPERTY FOR LESS THAN WHAT IS OWED
What is A SHORT SALE?
NAR
What is the National Association of REALTORS
Oldest US based Realty created in 1906
Who is Coldwell Banker Realty?
12 months
What is the length of Right of Redemption?
FHLMC
What is WHAT IS FREDDIE MAC OR Federal Home Loan Mortgage Corporation
87%
What is the percent of agents who fail within 2 years?
67%
What is the percent of Realtors that are women?
Market Value of Property / Property Square Footage
What is price per square foot?
A short sale negotiator.
What is someone who provides assistance in negotiating with the lender on the seller’s behalf?
HAFA
What is HOME AFFORDABLE FORECLOSURE ALTERNATIVE
12 Homes
What is the average number of homes a realtor sells in a year?
DAILY DOUBLE!!!!!!! Real Estate Settlement Procedures Act
DAILY DOUBLE!!!! What is RESPA?
A WRITTEN PROMISE TO PAY A SPECIFIC SUM OF MONEY TO A LENDER OR MORTGAGE INVESTOR TO COMPLETE A SHORT SALE
What is A PROMISSORY NOTE?
HARP
The Home Affordable Refinance Program
1,550,720 million
What is how many registered members are there in NAR?
Loyalty,Obedience,Disclosure,Confidentiality,Reasonable Care and Diligence and Accounting
Wat are Fiduciary Duties Of A Real Estate Agent?