Here at your Association
…we have a multitude of products and services available for our members. We offer a wide range of professional development programs & courses; superior customer service; a government affairs program that promotes housing opportunity and advocates real estate related issues; networking and programs around the region; and a consumer marketing campaign, We Are The R, to promote awareness of the value of using a REALTOR®.
Please utilize the site’s menu above for department-specific needs.
Member Resources
Acronyms
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A |
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ABR® | Accredited Buyer’s Representative |
AHWD® | At Home With Diversity® |
AIREA | American Institute of Real Estate Appraisers |
ALC | Accredited Land Consultant |
ALTA | American Land Title Association |
AOR | Association of Realtors |
ARV | After-Repair Value |
ASA | American Society of Appraisers |
ASHI | American Society of Home Inspectors |
B |
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BHC | Better Housing Coalition |
BPO | Broker Price Opinion |
BPOL | Business, Professional & Occupational License tax |
BPOR | Broker Price Opinion Resource |
C |
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CAM | Common Area Maintenance |
CBB | Compensation/Commission to Buyer’s Broker |
CBR | Certified Buyer Representative |
CCIM | Certified Commercial Investment Member |
CE | Continuing Education |
CFPB | Consumer Financial Protection Burea |
CIPS | Certified International Property Specialist |
CMA | Comparative Market Analysis |
COCR (CCR) | Cash on Cash Return |
COE | Code of Ethics |
COF | Cost of Funds |
COO (C of O) | Certificate of Occupancy |
CPM | Certified Property Manager |
CPR | Course Providers Resource |
CRB | Certified Real Estate Brokerage Manager |
CRB | Council of Real Estate Brokerage Managers |
CRE | Commercial Real Estate |
CRE™ | Counselor of Real Estate™ |
CRETS | Certified Real Estate Team Specialist |
CRS | Certified Residential Specialist |
CVR | Commission Variable Rate |
CVR MLS | Central Virginia Regional Multiple Listing Service |
D |
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DK | Deck |
DOT | Deed of Trust |
DPOR | Department of Professional Occupational Regulation |
DTI | Debt to Income Ratio |
E |
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EAL | Exclusive Agency Listing |
E&O | Errors and Omissions Insurance |
EIK | Eat in Kitchen |
e-PRO® | NAR’s Technology Certification |
EMC | Earnest money contract |
F |
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FDR | Formal Dining Room |
FHA | Federal Housing Administration |
FHLMC | Federal Home Loan Mortgage Corporation (Freddie Mac) |
FIRM | Flood Insurance Rate Map |
FMR | Fair Market Rent |
FMV | Fair Market Value |
FNMA | Federal National Mortgage Association (Fannie Mae) |
FP/frplc/fplc, | Fireplace |
FSBO | For Sale by Owner |
G |
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GAA | General Accredited Appraiser |
GDP | Gross Domestic Product |
GFE | Good Faith Estimate |
GNMA | Government National Mortgage Association (Ginnie Mae) |
GREEN | NAR’s Green Designation |
GRI | Graduate, REALTOR® Institute |
Grmet Kit | Gourmet Kitchen |
H |
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HAFA | Home Affordable Foreclosure Alternatives |
HDW | Hardwood Floors |
HECM | Home Equity Conversion Mortgage (Reverse Mortgage) |
HOA | Homeowners Association |
HRRA | Hampton Roads REALTORS® Association |
HUD | US Dept. of Housing and Urban Development |
HVAC | Heating Ventilation, and Air Conditioning |
HWF | Hardwood Floors |
I |
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IDX | Internet date exchange |
K |
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KTB | Known to Broker |
L |
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LAR | Lynchburg Association of Realtors® |
LR | Living Room |
M |
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MAO | Maximum Allowable Offer |
MBA | Mortgage Bankers Association of America |
MGIC | Mortgage Guaranty Insurance Corporation |
MID | Mortgage Interest Deduction |
MLS | Multiple Listing Service |
MMI | Mutual Mortgage Insurance |
MRP | Military Relocation Professional |
MSA | Master Senior Appraiser |
N |
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NAR | National Association of Realtors® |
NARPM | National Association of Residential Property Managers |
NEMO | New Member Orientation |
NFIP | National Flood Insurance Program |
NHBC | National House Building Council |
NOD | Notice of Default |
NOI | Net Operating Income |
NOO | Non-Owner Occupied |
NPV | Net Present Value |
NVAR | Northern VA Association of Realtors® |
O |
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OBO | Or Best Offer |
O/F | Owner Finance |
P |
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PCD | Planned Commercial Development |
PHA | Public Housing Administration |
PLE | Post Licensure Education |
PPM | Policy and Procedures Manual |
PM | Property Management |
PMI | Private Mortgage Insurance |
PO | Principal Only |
PSF | Per Square Foot |
PSI | Service that offers real estate exam |
PUD | Planned Unit Development |
PV | Present Value |
PW | Present Worth |
R |
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RAA | Residential Accredited Appraiser |
RAM | Reverse Annuity Mortgage |
RAR | Richmond Association of Realtors® |
RCE | REALTOR® Association Certified Executive |
REA | Reciprocal Easement Agreement |
REBAC | Real Estate Buyer’s Agent Council |
REC | Real Estate Commission |
REO | Real Estate Owned |
RESPA | Real Estate Settlement Procedures Act |
RFCU | Realtors Federal Credit Union |
RHDA | Rental Housing Development Assistance |
RLI | REALTORS® Land Institute |
RMBA | Richmond Mortgage Bankers Association |
ROI | Return on Investment |
ROM | Roll-Over Mortgage |
RPAC | REALTORS® Political Action Committee |
RPR | Real Property Report |
RSPS | Resort & Second-Home Property Specialist |
RTO | Rent to Own |
RVA | Richmond Virginia |
S |
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SAM | Shared-Appreciation Mortgage |
SEM | Shared-Equity Mortgage |
SFD | Single Family Detached |
SFHA | Special Flood Hazard Area |
SFR® | Short Sales & Foreclosure Resource® |
SOP | Standard Operating Procedure |
SRES | Senior Real Estate Specialist |
SRS | Seller Representative Specialist |
SVAR | Southside Virginia Association of REALTORS® |
T |
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TILA | Truth in Lending Act |
TPL | Third Party Liability |
TRA | Tax Reform Act |
TRID | TILA, RESPA Integrated Disclosures |
V |
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VAR | Virginia Association of REALTORS® |
VSAE | Virginia Society of Association Executives |
VOW | Virtual Office Website |
VPM | Variable Payment Mortgage |
VREB | Virginia Real Estate Board |
VRL | Variable Range Listing |
VRM | Variable-Rate Mortgage |
W |
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WAAR | Williamsburg Area Association of REALTORS® |
WCR | Women’s Council of Realtors® |
W/D | Washer and dryer |