Real Estate Abbreviations & Terminology (2024)

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44 Common Real Estate Abbreviations and Acronyms

Are you confused about real estate abbreviations or listing terminology? Do you feel like real estate agents are trying to confuse you with real estate terms and real estate acronyms?

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Real Estate Abbreviations & Terminology (2)

Are real estate acronyms and abbreviations confusing you?

If you're working with real estate brokers in the search of anew home, most likely you are receiving MLS® real estate listings via the newKeystone Matrix® system.My buyers are always asking me to explain what some of the real estate abbreviations or real estate terminology stands for, so I thought I might create this post to help everyone out.

Generally from the top of the listing sheet on down, here is the list of abbreviations

Real Estate Abbreviations List

DOM:Days On Marketreflects how many days since the home has been listed by the agent

Real Estate Abbreviations & Terminology (3)

TYPE:This refers to one of the 4 different types of homes the listing service is displaying. They are:

RD = Residential Detached. This is the most common type of house, the one most people think of when looking at homes.

SA = Single Attached (Side by Side). These are two residences which share one common wall. They are cheaper to build, and therefor less expensive to purchase as well

TH = Townhouse. Usually found in rows of 4, 6 or even more. One long building which has a number of separate homes. The end units share one wall, while all interior units actually share 2 common walls.

MH = Mobile Home. Generally means a home which is located in a mobile home park. Careful here, as a ‘mobile home' might actually be firmly attached to a foundation, and thus become real property.

TAX AMOUNT:This is supposed to be the TOTAL GROSS property taxes, including all Education Taxes, Local Improvements etc.As an owner-occupant, you would qualify for a $700 Provincial Rebate

RMA:Means Rooms Above Ground level. This indicates the total number of rooms such as any formal dining room, kitchen and living room, but NOT bathrooms or powder room, etc.

Real Estate Abbreviations & Terminology (5)

BDA: Bedrooms Above Ground. Includes the master bedroom and all secondary bedrooms located above ground level

TBD: Total Bedrooms (including basem*nt bedrooms). This is how you can tell how many bedrooms are in the basem*nt. Simply subtract the BDA from the TBD and see that the basem*nt has 2 bedrooms, for example. Careful here: Just because a property sellers are listing it as a bedroom, does not necessarily mean it fits the legal description of a bedroom.

FB: Number of full Bathrooms(a “FULL” bathroom has at least 3 pieces, so for example: toilet, sink and shower, or toilet, sink and tub)

HB: Number of half Bathrooms(a half bath might have only 1 piece, such as a toilet, or just a sink, but most often has 2 pieces)

EN: Ensuite, which refers to a bathroom that is accessible from a bedroom directly

Exterior: Refers to the exterior surface of the home's walls. Most common in Winnipeg is stucco, but could also include brick, siding (including vinyl and aluminum siding) and wood.

Foundation: Most common is concrete, but older homes often feature STONE or sometimes Cinderblock or even brick. In the 1980s there was a fad for ‘Preserved Wood' foundations.

Real Estate Abbreviations & Terminology (6)

Heating: Most common is ‘forced air' which indicates central heat (preferred). Other options might be Hot Water (radiators) or electric (baseboard heaters).

Heating Fuel: Indicates whether it is gas or electricity. Some new home builders are making the switch to electric furnaces. Careful as even in our province, producing heat with electricity is substantially more expensive than producing it with natural gas.

Basem*nt: Full. This means that the area size of the foundation is the same as the main floor. It does not mean the basem*nt is finished, as this is indicated in another section.

Real Estate Abbreviations & Terminology (7)

Unfinished basem*nt

Other options for the basem*nt category are: crawl, slab, half and 3/4. Real estate professionals should be able to point out the differences, benefits and shortcomings, of each type of basem*nt construction.

Square Feet: I've had clients try to add up all the room measurements of a listing, and come to the conclusion that the 1,200 ft home is really just 850 square feet. While they are correct, this is not how buildings are measured and advertised.

The proclaimed total square footage of a house is the OUTSIDE measurements which includes all 4-season living space, excluding the garage. It includes ONLY the areas above ground, so for example the main floor, second floor and third floor if there is one. It does NOT include the basem*nt, UNLESS there is a crawl space under that part of the basem*nt.

For further explanation, see this article on how homes are measured. and remember that different provinces and states might have different rules.

Real Estate Abbreviations & Terminology (8)

Garage – AT or DT. This refers to the car garage which can be either attached or detached. Confusion here sometimes as an ‘attached garage' might be physically attached, but not have a direct door leading into the house.

S/S: Showings Start date.NO showings can occur BEFORE that date

OTP: Offer To Purchase date.That the isFIRST date when offers can beconsidered.

In addition to the above listing terms, you will probably come across many of the next acronyms used by the listing agent in their advertisem*nts

Real Estate Acronyms

A/C or C/Air:Central Air Conditioning

APPL:Appliances (personal property)

ATT or DT: Attached or Detached also refers to single-family home vs. attached home.

CLG: Ceiling

C/Vac: Central Vacuum

CC: Clothes Closetor possibly “WICC”as in Walk-In Clothes Closet

AT/2 or DT/2:Attached double or detached double (as in garage)

EE and HE:Energy Efficient and High Efficient

F/Fin:Fully Finished

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HWFS and HWDS:Hardwood floors and simply Hardwoods

S/S or SS indicating stainless steel (as in appliances)

WDW:Windows

WDWK: Woodwork (as referring to baseboards and window casings)

Im hoping that this list of most common terms is of great value to you.

If you're thinking of buying a house or a condo in Winnipeg, call me for a free buyer consultation. There is a lot of information which is difficult to convey in a blog post but I'd be happy to discuss in person.

Confused our stumped by other real estate listings abbreviations? Ask me in the comments, or email me anytime

Bo Kauffmann of Remax performance realty.

Below is the audio version of my popular post : Closing Costs When Buying A House Or Condo In Winnipeg.

Let’s see some real listings

If you're thinking of buying a home, please be sure to check out “Buying a house or condo in Winnipeg; 6 important steps”

Real Estate Abbreviations & Terminology (10)About the Publisher

Bo Kauffmann is a residential real estate agent with over 18 yrs experience in helping buyers and sellers achieve their goals. Inducted into the REMAX Hall of Fame in 2010 and receiving the REMAX Lifetime Achievement Award in 2019, Bo has sold over 500 houses and condos in the Greater Winnipeg market. He is an accredited buyer representative (A.B.R.) and a Luxury Home Marketing Specialist.Bo provides exceptional service to First-Time Home-Buyers, Seniors looking to downsize and Home Sellers of all ages.He can be reached easily By E-Mail or call/text him Call/Text Here

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Real Estate Abbreviations & Terminology (2024)

FAQs

What does SS mean in real estate? ›

Short Sale, which is when property is being offered sale for less than is owed to lenders and/or lien holders. The lenders and/or lien holders have tentatively agreed to accept less than they are owed, but must sign off on the transaction.

What are the three most important words in real estate? ›

There is an old adage, that the three most important words in real estate are 'Location, Location, Location'.

What does BA stand for in real estate? ›

In real estate, "BR" typically stands for bedroom, and "BA" stands for bathroom.

Can abbreviations be used in real estate? ›

Helpful Real Estate Lingo and Acronyms for Investors

In addition to industry-specific terms, acronyms are commonly used in both real estate transactions and listings.

What does P and S mean in real estate? ›

A purchase and sale agreement, PSA or P&S for short, is the document received after mutual acceptance on an offer. It states the final sale price and all terms of the purchase in a real estate transaction.

What does SFD mean in real estate? ›

A house built for the purpose of a single family as opposed to multi families such as a duplex or apartment complex.

What are the 4 P's of real estate? ›

Summary. By focusing on the 4 P's of customer experience in the real estate industry - product, price, process, and people - you can improve the overall experience of your customers and build positive relationships with them. This can help to drive customer satisfaction and loyalty, and ultimately benefit your business ...

What are the 4 pillars of real estate? ›

The 4 pillars of real estate include: cash flow, appreciation, amortization and leverage, and tax benefits.

What are the three golden rules of real estate? ›

Summary. If you follow these 5 Golden Rules for Property investing i.e. Buy from motivated sellers; Buy in an area of strong rental demand; Buy for positive cash-flow; Buy for the long-term; Always have a cash buffer.

What does CF mean in real estate? ›

Cash Flow (CF)

This is your net profit. The purpose of owning commercial real estate is to make a profit and the Cash Flow is a critical component of that purpose. There are other ways to profit from commercial property, as you'll discover below, but Cash Flow is arguably the most important one.

What is LO in real estate? ›

As a loan officer, you know how important realtors are to the success of your mortgage career and business. But if they don't know who you are, they won't be able to send business your way. Here are the best ways to make sure realtors know who you are and some ways you can help their clients.

What does APO mean in real estate? ›

Property Administrator. The Property Administrator (PA) is the highest level of support to the Accountable Property Officer (APO) and is considered the designated representative of the APO to support administrative work. This role can be filled by a Contractor.

What words can't you use in real estate? ›

Real estate agents could face fines as high as $110,000 for using certain wrong words in their listings, and C) how innocuous many of the words are on HUD's Fair Housing 150-Banned Words/Phrases List, such as: Board Approval, Couple, Disabled, Employed, Empty Nesters, Exclusive, Executive, Families, Family, Golden Age, ...

What does pitt mean in real estate? ›

TL;DR: The difference between Joint Tenancy and Tenancy in Common can be explained with the acronym PITT. That stands are possession, interest, time, and title. To be considered a joint tenant contract, the contract must contain the same party possession (house), interest (amount owned), time of buy-in, and same title.

What does mm mean in real estate? ›

In finance and accounting, MM (or lowercase “mm”) commonly denotes that the units of figures presented are in millions. The Roman numeral M denotes thousands. In this context, MM is the same as writing “M multiplied by M,” which is equal to “1,000 times 1,000,” which equals 1,000,000 (one million).

What does the term SS stand for? ›

The SS. The SS (Schutzstaffel, or Protection Squads) was originally established as Adolf Hitler's personal bodyguard unit. It would later become both the elite guard of the Nazi Reich and Hitler's executive force prepared to carry out all security-related duties, without regard for legal restraint. Key Facts.

What does SS stand for in agreement? ›

“SS” is an abbreviation for the Latin term “scilicet,” which means “to wit,” “namely” or “in particular.” It is used in legal documents to specify the venue information — in particular, where the permission or legal license was granted, and in which state and county.

What does SS stand for on a site plan? ›

SS = structural steel, sanitary sewer, single strength, site supervisor, soft solder, stainless steel, set screw, soil stack, service sink, slop sink, smoke shaft, special structural, structural stage, supersede, sewage sludge, service system, or settleable solids.

What does SS mean on building plans? ›

Stainless Steel

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