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.
Quick Links
Broker Toolkit
Member Resources
A | |
| 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 | |
| BHC | Better Housing Coalition |
| BPO | Broker Price Opinion |
| BPOL | Business, Professional & Occupational License tax |
| BPOR | Broker Price Opinion Resource |
C | |
| 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 | |
| DK | Deck |
| DOT | Deed of Trust |
| DPOR | Department of Professional Occupational Regulation |
| DTI | Debt to Income Ratio |
E | |
| 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 | |
| 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 | |
| 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 | |
| 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 | |
| IDX | Internet date exchange |
K | |
| KTB | Known to Broker |
L | |
| LAR | Lynchburg Association of Realtors® |
| LR | Living Room |
M | |
| 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 | |
| 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 | |
| OBO | Or Best Offer |
| O/F | Owner Finance |
P | |
| 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 | |
| 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 | |
| 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 | |
| TILA | Truth in Lending Act |
| TPL | Third Party Liability |
| TRA | Tax Reform Act |
| TRID | TILA, RESPA Integrated Disclosures |
V | |
| 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 | |
| WAAR | Williamsburg Area Association of REALTORS® |
| WCR | Women’s Council of Realtors® |
| W/D | Washer and dryer |