Industry Acronyms
SPD
What is the acronym for a Seller's Property Disclosure?
450
What is the Transaction Fee for Plan A in the NW Atlanta area?
Under a Broker
Who does a real estate Salesperson work under?
40 to 1
What is the average number of conversations, according to national numbers, that an agent must have to each closing?
August 17, 2024
What is the date for the new rules to go into effect per the proposed NAR Settlement?
RESPA
What is the acronym for the Real Estate Settlement Procedures Act
Paperless Pipeline
What is the transaction management platform that MX1 uses?
ChatGPT
How can agents role play without a live person?
$25
What is MX1 Per Transaction Royalty Fee?
As Soon as Reasonably Possible
When is Closing Checks, once received, to be taken to the Broker?
ITCA
What is the Instructions to Closing Attorney
Two - Spokeo & Forewarn
How many people searches are available at no charge to Max One agents?
Brokerage Phone & Name
What is required for all marketing of properties?
The amount of tax payable per dollar of the assessed value of a property
What is a Mil Rate?
Use Only when Amending Compensation from a Prior Agreement
What is the F259 Broker Compensation Exhibit?
ICA
What is the acronym for the Independent Contractors Agreement
DAILY DOUBLE!!!!!!! RESPA Prohibits this.
DAILY DOUBLE!!!! What law outlaws kickbacks and referral fees outside of licensed agents?
The amount borrowed.
What is the Principal?
Before Showing any Residential Property
When does an Agent have to get a BBA or Customer Agreement Signed?
PP
What is the acronym for Paperless Pipeline
Tennessee
What state are we headed to next?
A Loan Disclosure Statement
What document provides the terms of a loan?
The ratio of the price of a real estate investment to its annual rental income before accounting for expenses such as property taxes, insurance, and utilities.
What is a Gross Rent Multiplier?
F-258 Pre-Showing Agreement
What form does the Listing Agent need to provide the Buyer's Agent when requested prior to showing?