A List of Kansas City Real Estate Acronyms to help Kansas City Home Buyers and Sellers

A List of Kansas City Real Estate Acronyms to help Kansas City Home Buyers and Sellers

I have created this list of real estate acronyms to help home buyers and sellers understand the MLS and internet listings a little easier. 

A/C – Air Conditioned

A/G PL – Above Ground Pool

AC – Acre or Acres

AIREA - American Institute of Real Estate AppraisersALTA - American Land Title AssociationANSI - American National Standards InstituteAOR - Association of RealtorsARES - American Real Estate SocietyASA - American Society of AppraisersASHI - American Society of Home InspectorsASSUM. FIN. - Assumable Financing

ATFN – Attic Fan

BD - Book DepreciationBFP - Bona Fide Purchaser

BLT - Built-in

BR - Bedroom

BRKF – Breakfast RoomBRR - Book Rate of Return

BSMT – Basement

BTH - BathroomCAM - Common Area Maintenance (charges related to commercial leases)

CBL - CableCC - Civil Code

CDRCL – Cedar Closet

CEN – Central AirCGT - Capital Gains TaxCH/BW - Chain Link/Barbed Wire

CLDSC - Cul-de-sacCO - Certificate of OccupancyCOE - Cost of Equity

CPT - CarpetCUV - Current Use ValueDD214 - Used to discharge service members in the 1950s

DET – Detached GarageDIM - Deferred-Interest Mortgage

DIN RM – Dining Room

DOM – Days on the MarketDRC - Depreciated Replacement Cost

DK - DeckDS - Due on Sale (clause)EAL - Exclusive Agency Listing

EFF – Efficiency

EMD – Earnest Money DepositERV - Estimated Rental Value

EXR – Exercise RoomFDR - Formal Dining Room

FAM RM – Family Room

FFBR – First Floor Bedroom

FHA – Federal Housing Administration

FIN. - Finished

FML - FormalFMV - Fair Market Value

FOYR - FoyerFP - FireplaceFPM - Flexible-Payment Mortgage

FR – Family Room

FR DRS - French Doors

FRM - Fixed-Rate MortgageFRV - Full Rental ValueFSBO - For Sale By Owner

GAR – Garage

GARD - GardenGPM - Graduated Payment MortgageGRM - Gross Rent Multiplier

GRMT KIT – Gourmet Kitchen

HB – Half BathHDW or HDWD - Hardwood FloorsHECM - Home Equity Conversion MortgageHEL - Home Equity Loan

HI CEILS – High CeilingsHOA - Home Owners' Association

HTUB – Hot TubHUD - (Department of) Housing and Urban DevelopmentHWF  or HDWD- Hardwood Floors

HWT – Hot Water TankHVAC - Heating, Ventilation, and Air Conditioning

IN-LAW POTENTIAL – Potential for separate apartment

INGRD Pool – Inground Pool

JTUB – Jetted Tub

KIT – Kitchen

LA – Living Area

LR – Living RoomLIBOR - London Interbank Offered Rate

LO DUES – Low homeowners duesLTV - Loan To Value (Ratio)LUI - Land Use IntensityMBA - Mortgage Bankers Association of AmericaMBB - Mortgage-Backed BondMBO - Mortgage-Backed Obligation

MBR – Master BedroomMBS - Mortgage-Backed SecurityMGIC - Mortgage Guaranty Insurance CorporationMLS - Multiple Listing ServiceMMI - Mutual Morgage InsuranceMPC - Master Planned CommunityMRA - Master Residential AppraiserMSA - Master Senior AppraiserNHBC - National House Building CouncilNIA - Net Internal AreaNIM - Net Income MultiplierNLA - Net Leasable AreaNNN - Triple Net (Lease)NOI - Net Operating IncomeNPV - Net Present ValueNRV - Net Realizable Value

O/F – Owner Finance

OA – Owner AgentOBO - Or Best OfferOER - Operating Expense RatioOIRO - Offers In the Region Of...

PAT - PatioPCD - Planned Commercial DevelopmentPEPS - Political, Economic, Physical, Social (forces that drive value)PHA - Public Housing AdministrationPID - Planned Industrial DevelopmentPITI - Principal, Interest, Taxes, and Insurance

PL - PoolPMDT - Purchase Money Deed of TrustPMI - Private Mortgage InsurancePO - Principal OnlyPSF - Per Square FootPV - Present Value

PVT - PrivatePW - Present Worth

PWDR RM – Powder room or ½ bathRAM - Reverse Annuity MortgageREA - Reciprocal Easement AgreementREIT - Real Estate Investment TrustREC - Real Estate CommissionREO - Real Estate OwnedROM - Roll-Over MortgageSAM - Shared-Appreciation MortgageSEM - Shared-Equity MortgageSFD - Single Family Detached

SQ FT – Square Feet

SUN – Sun RoomTPL - Third Party LiabilityTI - Tenant ImprovementTIC - Tenants In CommonTIP - Treasury Investment ProgramTRA - Tax Reform Act

UTRM – Utility Room

USDA – United States Department of AgricultureVA - Veterans Administration (Loan)VAP - Variable Payment (Mortgage)VAT - Value Added Tax

VYL - VinylVPM - Variable-Payment MortgageVRE - Virtual Real EstateVRM - Variable-Rate Mortgage

W/I – Walk-in

W/D – Washer/Dryer

W/O - Walkout

W/W – Wall to Wall

WAR – Warranty Plan

WLKIN – Walk-in Closet

YD - Yard

Do you know of a real estate acronym I missed? Please add it in the comments section.

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Blog post written by the Dowell Taggart Team of RE/MAX Premier Realty 

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