ACTV – An active listing. This property is for sale and is not under contract. CLSD – Sold!
What is MLS abbreviation?
REALTORS® have spent millions of dollars to develop Multiple Listing Services (MLS) and other real estate technologies that make the transaction more efficient. An MLS is a private offer of cooperation and compensation by listing brokers to other real estate brokers.
What does PDB mean in real estate?
The Producer Database (PDB) is a central repository of producer licensing information updated on a timely basis by participating state insurance departments.
What does PC stand for in real estate?
‘Practical Completion‘ (PC) plays an important role on construction projects, often signifying the release of retention monies, ending the contractor’s liability for liquidated damages, commencing the defects liability period and passing possession of the works to the employer.
What does ACTV mean in real estate? – Related Questions
What does HH mean in real estate?
Hotel Property means a Property on which there is located an operating hotel.
What is TLP number in real estate?
A time-linked payment plan (TLP) directs you to pay a pre-decided value of the property as per a timetable decided by the developer, irrespective of the stage of construction of the property. A home is one of the most significant purchases that one makes in a lifetime.
What does PC stand for in mortgage?
Mortgage participation certificates, which Freddie Mac calls PCs, are also referred to as “pass-through securities” because the interest and principal payments are periodically passed through to investors from debtors after service fee deductions.
What are acronyms in real estate?
Real Estate Broker Abbreviations
- ARV – after-repaired value.
- CCIM – Certified Commercial Investment Member.
- COO or C of O – certificate of occupancy.
- CMA – comparative market analysis.
- COCR or CCR – cash on cash return.
- COF – cost of funds.
- CRE – commercial real estate.
- DTI – debt to income ratio.
Can abbreviations be used in real estate?
There are hundreds (probably thousands) of real estate abbreviations commonly used in listings, especially in those listing services where fields with descriptions are limited, forcing agents to rely on abbreviations in order to include more information that you – the home buyer – would be most curious about.
What does SFR mean in real estate?
SFR stands for Single Family Residential home, one of the foundational assets in a portfolio for real estate investors looking to earn stable returns and to build equity over time. (
Is SFR good investment?
According to Pricewaterhouse Coopers’ (PwC), 2022 Emerging Trends in Real Estate, SFR ranks near the top when it comes to investment and development prospects this year. And the short-term returns are excellent as well. SFR rents have seen a whopping increase of 10.2% over the last year alone, according to CoreLogic.
What does SFR mean in mortgage?
Single-Family Rental (SFR) Portfolio Financing.
What is BTR space?
These are single-family homes that are built from the ground up to rent them out. If you’re a real estate investor, you might be interested in building a build-to-rent house of your own or investing in a build-to-rent company. If you’re a tenant, you might be looking to rent a build-to-rent home.
How can I invest in build-to-rent?
It is possible to invest in build-to-rent indirectly. This can be done by investing in the shares of construction companies, developers, financial institutions and institutional investors who are active in the BTR market. Or by investing in some kind of investment product such as a REIT which invests in BTR itself.
What is multifamily BTR?
Build to Rent (BTR) Communities Require Experienced Professional Management. Posted on October 15th, 2021. If you have not heard of BTR—get ready, you will. BTR’s are communities of single-family homes that are Built to Rent.
When did build rent start?
It aims to simplify renting for tenants and landlords. The build-to-rent initiative was launched in 2012 and got its first big boost with the conversion of East Village, the London 2012 athletes’ accommodation. Since then, the development has provided nearly 3,000 rental homes in east London.
Who lives in build Rent?
The Build-to-Rent sector is providing housing for residents across a broad spectrum of ages in very similar proportions to the wider private rented sector. In both segments of the rental market, the dominant age band is 25-34, representing 44% of residents in Build-to-Rent and 52% of the wider private rented sector.
Why is build Rent good?
Build to rent is different from the existing private rented sector offer; it provides high- quality, purpose-built homes with professional management and longer tenancies for those who want them. It has the potential to house Londoners across a range of income levels, ages and household types.
Who funds rental build?
Key Build to Rent deals
The TfL and Grainger partnership combines the two entities’ expertise, capital, and land to unlock delivery of 3,000 BTR homes across London.
Do developers have to provide affordable housing?
Do developers need to provide affordable housing? In short, yes they do. The Government’s guidelines suggest that all BTR developments should have 20% of the site designated to affordable housing, although this can be challenged by local authorities should they wish to set a different proportion.