Industry Acronyms
HUD
What is Housing of Urban Development?
Which portal allows agents to manage electronic documents through the use of e-signatures?
What is DocuSign?
A lump sum payment due after a specific loan term
What is a Balloon?
What term was used to describe the rice crops
What is Carolina Gold?
This is how homeowners should hold tile to their property.
What is JOINT TENANTS WITH RIGHTS OF SURVIVORSHIP?
PITI
What is Principal Interest Taxes and Insurance?
Coverage to the owners of real property in case of defect in the title to the Property.
What is Title Insurance?
The type of seller financing where the seller transfers title to a buyer but does not pay off their mortgage.
What is wrap around financing?
The German and Scotch-Irish settled here
What is the Backcountry?
The homestyle you would have built in Massachusetts circa 1800.
What is a cape?
CMA
What is Comparative Market Analysis?
This term refers to the right to use the property of another owner for a specified purpose.
What is an Easement?
This is the type of mortgage for seniors over 62 to help them stay in their homes.
What is a Reverse Mortgage?
True or False: The German and Scotch-Irish were sometimes scorned by the elite.
What is True?
This is the average numbers of homes a buyer will see prior to picking one.
What is 5?
DOM
What is Days on Market?
This term refers to conditions that have to be met in order for the purchase of a home to be finalized.
What are CONTINGENCIES?
Name one home loan that does not require a down payment.
What is a VA Loan?
The Job of the German and Scotch-Irish.
What are Farmers?
What is Sandra Burr's Middle name?
What is Lynn?
ROI
What is Return on Inventment?
Where in the MLS can you find the home Tax information?
What is GEO Data?
A tax strategy that allows investor to defer taxes by reinvesting the proceeds from sale of one property to another.
What is a 1031 or likekind exchange?
This Lord Proprietor was named after 2 rivers located in Charleston.
Who is Lord Anthony Ashley Cooper?
The number of Baby Boomers turning 65 every day between now and 2030.
What is 10,000?