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Jun 15, 2021 · 40 Common Real Estate Abbreviations and Acronyms. Written by MasterClass. Last updated: Jun 15, 2021 • 7 min read. The real estate industry uses several unique acronyms and abbreviations. Understanding these terms can be beneficial for buyers and sellers.
May 19, 2020 · Lr - living room. MLS - Multiple Listing Service; database of real estate for sale.
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LR Real Estate Abbreviation. LRIN in Real Estate typically refers to the term Living Room, which denotes a common area in a residence designed for relaxation and socializing. This essential space often serves as the heart of the home, where families gather and entertain guests.
Sep 13, 2024 · Real property is a common technical term for “real estate” that is transferred from owner to owner by written deeds. For many of us, it could mean a house or a condominium, but the definition...
ATR. Ability to repay, a lender requirement from Dodd-Frank, to protect borrowers from predatory lending. AUM. Assets under management, a number of units, or total estimated value, of stocks or real estate managed by a person or company. B&S.
Real Estate LLC: Limited Liability Company; Limited Liability Company refers to any kind of organized company that serves as a barrier between legal proceedings and a business owner. For example, when individuals invest in real estate, they may choose to form an LLC in order to shield their personal investments from any lawsuits.
Jan 3, 2023 · Here’s the ultimate glossary of real estate terms and abbreviations updated in 2023 from the Real Estate Institute of Australia (REIA), Property Council of Australia, Australian Property Institute, realestate.com.au and more.