A selection of Acronyms from the Encyclopedia of Real Estate Terms (Third and ONLINE editions)
AAA rating | triple A rating |
AACI | Accredited Appraiser Canadian Institute |
AAR | average annual return |
AAR | Accredited in Appraisal Review |
ABS | asset-backed security |
a/c | air conditioning |
ACRS | accelerated cost recovery system |
ADC loan | acquisition, development and construction loan |
AGI | adjusted gross income |
AI | all inclusive |
AITD | all-inclusive deed of trust |
AIREA | American Institute of Real Estate Appraisers |
AIA | American Institute of Architects |
AIC | Appraisal Institute of Canada |
ALTA | American Land Title Association |
AMC | Agricultural Mortgage Corporation(Eng) |
AMI | alternative mortgage instrument |
AML | adjustable-mortgage loan |
ANSI | American National Standards Institute |
AONB | area of outstanding natural beauty(Eng) |
app./appr’n | appreciation |
APA | American Planning Association |
APR | annual percentage rate |
ARELLO | Association of Real Estate Licence Law Officials |
ARES | American Real Estate Society |
AREUEA | American Real Estate and Urban Economics Association |
ARM | adjustable-rate mortgage |
ARR | all-risks rate |
ARR | average rate of return |
ARY | all-risks yield |
ASA | American Society of Appraisers |
ASHI | American Society of Home Inspectors, Inc |
AST | assured shorthold tenancy(Eng) |
ASREC | American Society of Real Estate Counselors |
a.s.f. | annual sinking fund |
AVD | alternative valuation date (Eng) |
BFP | bona fide purchaser |
BOMA | Building Owners and Managers Association |
BPN | building preservation notice(Eng) |
BRR | book rate of return |
C | mortgage co-efficient |
CAM | common area maintenance |
CAP rate | capitalization rate |
CBA | cost-benefit analysis |
CBD | central business district |
CCR/CC & Rs | covenants, conditions and restrictions |
CD | certificate of deposit |
CERCLA | Comprehensive Environment Response and Liability Act |
CGT | capital gains tax(Eng) |
CM | construction management |
CMA | comparative market analysis |
CMO | collateralized mortgage obligation |
CMSA | consolidated metropolitan statistical area |
CO | certificate of occupancy |
COREA | construction operation and reciprocal easement agreement |
COS | coefficient d’occupation des sols(F) |
CPA | critical path analysis |
CPI | consumer price index |
CPM | critical path method |
CPO | compulsory purchase order(Eng) |
CRA | Canadian Residential Appraiser |
CNAREA | Canadian National Association of Real Estate Appraisers |
CRV | certificate of reasonable value(US) |
CTT | capital transfer tax(Eng) |
CU | certificat d’urbanisme(F) |
CUV | current use value |
DCF | discounted cash flow |
DCR | debt-coverage ratio |
DETR | Department of the Environment, Transport and the Regions(Eng) |
dep./depr’n. | depreciation |
DIM | deferred-interest mortgage |
DINK | dual income, no kids |
DOE | Department of the Environment(Eng) |
DPM | direct-payment mortgage |
DRC | depreciated replacement cost |
DRM | direct reduction mortgage |
DRT | development rights transfer(US) |
DPU | droit de préemption urbain(F) |
EA | environmental assessment |
ECV | effective capital value |
EFRV | estimated future rental value |
EGI | effective gross income |
EIA | environmental impact assessment(Eng) |
EIR | environmental impact report(US) |
EIS | environmental impact statement(US) |
EPA | Environmental Protection Agency(US) |
ERISA | Employee Retirement Income Security Act |
ERP | estimated realisation price |
ERRP | estimated restricted realisation value(Eng) |
ERV | estimated rental value |
EUV | existing use value |
EZ | Enterprise Zone |
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