Industry Acronyms
This is the method you use to price homes to list or buy.
What is a CMA?
This is your go-to place for all EXIT Realty resources.
What is the ERC (EXIT Resource Center)?
This is the contract you use to submit an offer.
What is a FARBAR As Is?
This is the most popular color in the world?
What is teal?
This is the name of Elvis Presley's home.
What is Graceland?
These are homes that have fallen under the ownership of a mortgage lender or investor.
What is REO?
This is what EXIT 1 Stop agents are known as.
What is a transaction broker?
This is the amount of time normally used for inspection.
What is 10 days?
This is Hugh Hefner's home.
What is the Playboy Mansion?
This organization is what regulates real estate laws in Florida.
What is FREC?
**DAILY DOUBLE** This event will be held in Nashville on 9/2 and 9/3
What is the annual EXIT Regional Roadshow?
This is what EXIT 1 Stop agents are known as.
What is a transaction broker?
This is the app created by EXIT Realty to share your mobile business card, marketing materials, and listings.
What is the EXIT Realty Connect app?
This British Manor house was a series on PBS.
What is Downton Abbey?
Real Estate Settlement Procedures Act
What is RESPA?
10% in residuals, 7% retirement, 5% beneficiary
What is the EXIT Formula?
This is the latin word for "suit pending".
What is lis pendens?
___% of all home buyers look on social media to influence their purchase of a home.
What is 43%?
**DAILY DOUBLE** This is the name of Thomas Jefferson's home in Virginia.
What is the Monticello?
This is the Binder Deposit Verification Receipt.
What is BDVR?
This is the dollar-for-dollar fundraising program for charity.
What is the Spirit of EXIT?
This refers to the ability of a property owner to transfer some or all of the 'Save Our Homes' benefit on a previous homestead to a newly established homestead.
What is portability?
This is the amount that the transaction fee caps out at every year.
What is $2,700?
This famous home in Savannah, GA was featured in the movie Midnight in the Garden of Good and Evil.
What is the Mercer House?