Address: This is pretty straightforward. … DOM: This means Days on Market and represents how long the listing as been active on MLS. … Taxes: Indicates the taxes paid on the property and what year this figure represents. ( … Rms: Indicates the total number of rooms in the property.
What does LP acre mean?
Lot Size Acres – Enter the lot size in acres. LP per Acre – This field is calculated by the MLS system, once the list price and lot size are entered. LP per Heated SF – This field is calculated by the MLS system, once the sold price and heated square footage are entered.
What does CTG mean on a listing?
Contingent (or CTG): Effectively the same as UAG or Under Agreement, Contingent means that there is an accepted, signed offer. It is a legally binding agreement, but sometimes the sellers will take “backup offers” just in case something happens and the property goes back on the active market.
What does SCE mean on MLS?
And as a buyer, if you see a property that is marked “SCE” on MLS, for “sold conditionally w/escape,” you can choose to make an offer on the property with the above condition, and if your offer is accepted, the seller will then exercise his or her escape clause, and the buyer may or may not firm up.What is SPIS in real estate?
The seller’s property information statement (SPIS) is a form some sellers choose to complete, with the advice of their real-estate professional, to provide additional information about their property. … Sellers who choose to complete a SPIS should know that buyers will rely on the information supplied on the form.
What does t mean in MLS?
Temporarily Off Market (TOM) The MLS Committee and GBRAR have authorized the addition of a new MLS status of Temporarily off. Market or “TOM.”
What is Gdo in a house?
GDO -> Garage Door Opener. If the house you’re looking at include GDO in the description, you’re likely also going to be the owner of a fancy garage door opener.
What does NPO mean in real estate?
Non Profit Organization | NPO | Definition | Real Estate Investing.What does possession mean on MLS?
Possession – The buyer occupying the property that is purchased or a tenant occupying the property that is leased. In a real estate sale, possession is rarely granted prior to closing when the seller receives their funds.
What does LCE mean on MLS?DFT – Deal Fell Through. SC – Sold Conditional. LC – Leased Conditional.
Article first time published onWhat does CSL mean in real estate?
AcronymDefinitionCSLCanada Safeway Limited (real estate)CSLCombat Stores List (US DoD)CSLCustomer Service LevelCSLControl Systems Laboratory
What is DFT in MLS?
Dft: Deal Fell Through (status condition on MLS – Multiple Listing Service, e.g. TREB – Toronto Real Estate Board runs the MLS for the GTA – Greater Toronto Area) DOM: Days On Market (number of days listed as shown on MLS)
What does UC mean in real estate?
This type of listing has an accepted offer, but the seller is seeking backup offers in case the primary offer falls apart. Under contract (UC) Listings that are under contract have an agreed-upon contract with a potential buyer, but the transaction has not been finalized (closed). Contingent.
What does temp mean in real estate?
When a property is in Temp Off Status, the listing agreement is still in effect and the seller is still planning to sell the property. However, the property can not be shown at this time. Some examples of when the Temp Off Status may be appropriate are; home repairs, illness of owner or family member, or storm damage.
What does can mean in real estate?
Properties that have the designation CAN have a cancelled contract between the agent and the owner before the contract period ended. Those that read EXP had the listing contract expire. The seller may have chosen not to sell.
What does SPIS mean?
AcronymDefinitionSPISScottish Police Information StrategySPISSeller Property Information Statement (Real Estate, Canada)SPISSuperfund Public Information System (US EPA)SPISSlow Positron Implantation Spectroscopy (physics)
Is SPIS mandatory in Ontario?
Is completing a SPIS mandatory? No. Sellers are not required by law to complete a SPIS. However, according to the Real Estate Council of Ontario, once a seller has completed a SPIS their broker or agent is required to tell all potential buyers of its existence.
Do you have to disclose mice when selling a house Ontario?
As a seller, you are required by law to disclose any known latent defects that could make your home dangerous or unfit for habitation.
What is a soft offer in real estate?
soft sell – Soft sell refers to an advertising and sales approach that features subtle language and a non-aggressive technique. A soft sell is designed to avoid angering potential customers and pushing them away. … Soft selling is always the best way to start a new real estate agent and buyer/seller relationship.
What does blind offer mean?
What Is a Blind Offer? A blind real estate offer is a contract written by the buyer, that is, with the sight unseen. You state a price for one of the few houses you have your (virtual) eyes on and offer a defined amount of money to the seller in hopes that they’ll bite.
What are 5 real estate terms?
- As-is.
- Buyer’s agent/listing agent.
- Closing.
- Closing costs.
- Days on market (DOM)
- Due diligence.
- Escrow holder.
- Homeowner’s association (HOA)
What does MT mean in real estate?
CRMLS Acronyms and AbbreviationsMT (MOT)Modification of TermsNARNational Association of RealtorsNODNotice of DefaultNRDSNational REALTORS Database System
What does t mean on Gsmls?
Sale Pending; No Contingencies. RACT. Reactivated. TEMP. Temporarily Withdrawn.
Can seller stay in the house after closing?
If a seller wants to stay in the home after closing, the buyer and seller should have a written agreement setting out the expectations for that post-closing possession between the parties. … In the meantime, the seller is staying in the home for free.
What does C mean on MLS?
Canceled (C): The canceled status is for properties that have been withdrawn from the MLS and the listing agreement has been terminated. … Pending (P): The pending status is for properties that have an accepted contract and the seller has instructed their agent to cease marketing and/or showing the property.
What does NP stand for?
NP means “No Problem.” The abbreviation NP is widely used in text-based messaging with the meaning “No Problem.” NP is typically used as a positive response to a request (i.e., to say “Yes”) and as a response to someone saying thank you (i.e., to say “You’re welcome”). (See examples below.)
What does POV mean in real estate?
POV. Percentage of Volume (finance)
What does bedrooms plus mean?
Any room or area in a house that could reasonably be used as a bedroom falls into the Bedrooms Plus category.
What does ACTV mean in MLS?
ACTV – An active listing.
What does Basement w/o mean?
Basically your basement type determines whether the basement is the same size as the house, or smaller, or there isn’t one at all. And beyond that a basement that is walk-out or walk-up can mean a separate entrance into the home and a very bright lower level.
What does a 3 1 Bedroom mean?
When you read a listing as having 3 + 1 baths, this means there are 3 full bathrooms, and 1 half bathroom. When a bathroom has a toilet, sink, bath and shower, we would define it as a 4 piece bath.
