In this age of TARP (toxic asset something or other) and other new acronyms creeping into jargon each day, is it becoming harder and harder to talk to one another?
I was using BPO in a conversation with a past client recently... more than once. He had to ask. Mea Culpa (forgive me.)
What is the Columbus MSA? After posting a couple of posts about home values recently I wondered if everyone reading would know what the Columbus MSA is.
MSA from Answer.com include Medical Savings Account and Metropolitan Service Area. I always thought it was Metropolitan Statistical Area..... and that definition for the acronym is there.
An acronym that has become totally enmeshed in our collective minds in the US is ZIP which stands for Zone Improvement Plan. A ZIP code is not a place it is a route for mail delivery. Mail delivery was improved by us using a 5 digit code sometime in the 1960's? Then an additional four digits really, really helped at some point later.
Real estate and finance
BPO = Broker Price Opinion
CMA = Competative Market Analysis (some say Comparable Market Analysis)
FHA = Federal Housing Administration
FNMA =Federal National Mortgage Association (Fannie Mae)
HUD = Housing and Urban Development
MLS = Multiple Listing Service
MSA = Metropolitan Area
NAR = National Association of Realtors
VA = Veterans Administration (so much more than real estate but we talk about VA loans, VA Repos)
There are many more....
Real Estate Closer to Home
OAR = Ohio Association of Realtors
CBR = Columbus Board of Realtors
HER = Harley E. Rouda the founder of Real Living HER or the original company that is today Real Living HER, formerly HER Realtors. The #1 real estate company in Central Ohio.
The Real Living website has a glossary of real estate terms... not just acronyms... but some of the real estate acronyms are there if you need them. It's not just for first time buyers either. New words and acronyms creep in all the time... like TARP....
OK this is a guess...
TARP = Toxic Assets Relief Program
Here's an online Acronym Finder
They say Troubled Assets Relief Program...
I'd abbreviate my title "Creeping Real Estate Acronyms" to CREA but that means Canadian Real Estate Association and Certified Real Estate Appraiser and according to the Acronym Finder.
"Note: We have 70 other definitions for CREA in our Acronym Attic"
The word image is from Wordle.net
This post provided by Maureen McCabe HER Realtors*
Contact Maureen McCabe of HER Realtors* - 614.388.8249
email: MaureenatMaureenMcCabe.com at = @
*Real Living HER
Information is deemed to be accurate but should be verified to your satisfaction. Information provided herein is supplied by several sources and is subject to change without notice. Opinions expressed are solely those of Maureen McCabe.