Abbreviations & Acronyms: The New Language of Real Estate
By Brian Block, Northern Virginia & D.C. Real Estate
(RE/MAX Allegiance, Managing Broker/Branch Vice President)
If you're just getting in the market for real estate, chances are you're hearing a lot of unfamiliar terms these days, especially on the mortgage side of things. Real estate introduces you to entirely new language. One filled with lots of words that are thrown around by your mortgage lender, REALTOR, and even your friends and family, who may sometimes make the assumption that you know what they are discussing. Don't be afraid to pull back for a second and say "Hey, I have no idea what you are talking about." Just as George Washington coming back to the present day would need many things to be explained to him, when you start your home search you'll be encountering uncharted territory and can make use of a glossary. Never is this more true than with all the abbreviations and acron...
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