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A – Z Real Estate Acronyms (Plain English)
A – AAR
Arizona Association of REALTORS
Standard contracts and forms used in Arizona.
B – BINSR
Buyer’s Inspection Notice & Seller’s Response
Where buyers request repairs and sellers respond.
C – CMA
Comparative Market Analysis
How we determine your home’s value.
D – DOM
Days on Market
How long a home has been listed (important for pricing strategy).
E – EM (Earnest Money)
Deposit showing a buyer is serious.
F – FHA
Federal Housing Administration loan
Lower down payment loan option.
G – GFE
Good Faith Estimate
Early breakdown of loan costs (now often called Loan Estimate).
H – HOA
Homeowners Association
Community rules + monthly fees.
I – iBuyer
Companies like Opendoor
Instant offers—fast but often below market value.
J – JTWROS
Joint Tenancy With Right of Survivorship
Ownership structure (important for estate planning).
K – KPI
Key Performance Indicator
Used by agents to track marketing success (showings, clicks, etc.).
L – LTV
Loan-to-Value Ratio
Loan amount vs. home value.
M – MLS
Multiple Listing Service
Where homes are officially listed.
N – NOI
Net Operating Income
Used more in investment properties.
O – OMC
Owner May Carry
Seller financing option.
P – PITI
Principal, Interest, Taxes, Insurance
Your full monthly payment.
Q – QM Loan
Qualified Mortgage
Meets lending standards for safer loans.
R – RPR
REALTORS Property Resource
Data tool agents use for reports.
S – SPDS
Seller Property Disclosure Statement
Seller discloses everything they know about the home.
T – TRID
TILA-RESPA Integrated Disclosure
Federal rule governing loan timelines and disclosures.
U – UAD
Uniform Appraisal Dataset
Standardized appraisal reporting.
V – VA Loan
U.S. Department of Veterans Affairs loan
For eligible veterans—often zero down.
W – WDO
Wood Destroying Organism Report
Termite inspection (big in Arizona).
X – (eXemption)
Property tax exemptions (homestead, etc.)
Y – YOY
Year Over Year
Used when comparing market trends.
Z – Zestimate
Zillow estimate
Online value estimate (often inaccurate—great talking point).
