Real Estate Acronyms
EMD
What is Earnest Money Deposit
This term is used to describe the period for the buyers opportunity to conduct a home inspection
What is Due Diligence
King when it comes to buying a house
What is Cash
Contractual agreement between a buyer and an Realtor to work exclusively together.
What is a Buyer Broker Agreement
In The Wizard of Oz, Dorothy said, "There is no place like home!" Her home was in this tornado prone state.
What is Kansas
HOA
What is Homeowners association
A drawing of your property that details the location of the lot, property lines, home, and any other structures within its bounds
What is survey
Typical loan used by first time home buyers
What is FHA!
What is the standard real estate commission paid, usually split evenly between the buyer's agent and seller's agent?
What is 6%
The Flintstones lived in this town.
What is Bedrock
MLS
What is Multiple Listing Service
What document must a buyer provide before they can see a property or make an offer to purchase real estate?
What is Pre-approval letter
Loan favorable to men and women who served in the Armed Services
What is VA
Agency and brokerage are standards set by KW. what agency is NOT allowed by KW?
What is an sub-agency.
This real estate board game became the best-selling game in America just one year after it was created.
What is Monopoly
CMA
What is Comparative Market Analysis
What document must a seller provide to a buyer that reveals all known defects of the property?
What is Seller's Disclosures
Lender time period for professional estimate / opinion for the home's value in financing exhibit?
What is appraisial contingency
The ABC's of Agency, Mold Pamphlet, Lead-based Paint Pamphlet, Protect yourself when buying Real Property to name a few.
What are buyer brochures (#10 BBA Agreement)
DAILY DOUBLE!!!!!
Elvis Presley's home is named this.
What is Graceland
CTC
What is Clear to close
Disclosure required if a house was built before 1978
What is Lead based paint disclosure
DAILY DOUBLE!!!!
Title Insurance, title search, taxes, deed, down payment, and other government fees that buyer pays.
What are closing costs?
Special Stipulation for $299 payable to KWAM.
What is our transaction or Closing coordination fee?
Walt Disney created this town near Orlando to look like 1940s southeastern town with traditional architecture.
What is Celebration, Florida