Industry Acronyms
PAR
What is Pennsylvania Association of Realtors
1983 Keller Williams was founded by
Who are Gary Keller and Joe Williams
Personal property that, by its attachment to real property, is regarded as real estate is called?
What is a fixture
During the listing agreement a commission of 6% is established. The house is sold for $450,000. What is the commission?
What is $27,000.00?
A contract may include a clause that limits the amount of money to which the seller is entitled in case the buyer breaches the contract. What is this called?
What is Liquidated damages?
CRE
What is Commercial Real Estate
Our Keller Williams License Number
What is RB062373P?
The act of mixing the client’s funds with the broker’s own funds?
What is Commingling?
An agent lists a seller's house for 5% commission. The final sales price for the home is $255,000. How much commission did the seller actually pay?
What is $12,750.00?
The process where the property owner voluntarily returns the property to the lender, allowing both to avoid the long and drawn-out process of a foreclosure
What is a friendly foreclosure or a deed-in-lieu of foreclosure
FHA
What is Federal Housing Administration
Our CEO and OP
Who is Caren Stauffer?
What type of court handles the analysis and transfer of real estate or general estate assets of a deceased person (without a will)?
What is Probate?
Your client is getting a Conventional Loan with 15% down. What is the LTV?
What is 85?
WHEN A PROPERTY LIEN HOLDER AGREES TO RELEASE A LIEN ON A PROPERTY FOR LESS THAN WHAT IS OWED
What is a Short Sale
CBC
Cooperating Broker Compensation
"is a program created by former MAPS Coaching president, Dianna Kokoszka. It’s a seven week program that conditions agents with powerful mindset exercises, language techniques, business-building strategies and live lead generation activities."
What is BOLD?
DAILY DOUBLE!!!!!!!
If one owner dies, that owner's interest in the property will pass to the surviving owner or owner
DAILY DOUBLE!!!! What is Joint Tenants with a right of survivorship?
A lot purchased 10 years ago for $55,000 has appreciated a total of 15% since its purchase. What is it worth today?
What is $63,250.00?
Which type of contract would best be described as a contract in which only one party makes a promise to perform an action?
What is Unilateral Contract?
MCTT
Market Center Tech Trainer
KW’s Annual Day of Giving Back
What is Red Day?
is an odorless, invisible, radioactive gas that can enter your home from the ground through cracks in the foundation.
What is Radon?
Purchase price is $300,000 with 3% seller assist (no commission paid on seller assist) offering 2.5% rate of commission what is the expected commission
What is $7275.00?
Buys mortgages from private lenders in the secondary market.
What does the Federal Housing Administration do?