Investment advisory and trust services are offered through Northwestern Mutual Wealth Management Company (NMWMC), Milwaukee, WI, a subsidiary of NM and a federal savings bank. The sale of a home by an owner who owes more on the home than its worth. Listing:An agreement between a real estate broker and a home owner that allows the broker to market and arrange for the sale of the owners home. SRO Single Room Occupancy IRR Internal Rate of Return HPWA Water/Air Ht Pump DCR, DSCR, DSR Debt Service Coverage Ratio Home The most credit-worthy customers (mainly large corporations), receive the best or lowest rate that the lender would offer any of its customers. Before you start calling someone BB, you might need to establish ground rules. ASG Assessment Assessment. Click to reveal EA exclusive agency SUN Sun Room Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 2/1 2 bedrooms / 1 bathrooms This website is using a security service to protect itself from online attacks. Sign up for our weekly newsletters and get: By signing in, you agree to our Terms and Conditions Other internet-specific definitions for BB include bye-bye, a largely defunct acronym that was more common in the early days of the internet. CPT Carpet or Carport BKYD Backyard These costs include the brokerage commission, mortgage-related fees, escrow or attorneys settlement charges, transfer taxes, recording fees and title insurance. PMI Private Mortgage Insurance 2-LV : Two living levels. Lastly, in beauty communities, BB refers to beautifying balm, a multi-purpose cream that acts as both a foundation and a moisturizer. Center for Real Estate Technology, a division of NAR focused on technology products, programs, and issues. This was when the term exploded as a pet name between both lovers and friends. FEMA Federal Emergency Management Agency FLR Floor Furnace SHNG Shingle 1. COCR or CCR Cash on Cash Return Classifying property is in part about age but should also consider things like affordability, amenities, and livability. WTR Water 4 Misconceptions Buyers and Sellers Have About the Housing Market, 10 Hottest Housing Markets of 2023, and What to Know if Youre Shopping in One, 13 Home-Buying Myths to Unlearn Right Now, 10 Hottest Housing Markets of 2023, and What to Know if You're Shopping in One, Do Not Sell or Share My Personal Information, 442-H New York Standard Operating Procedures. This means that even though theres an accepted offer on the home, the seller is looking for backup offers in case the primary buyerfalls through. The owner has removed the property from the listings for an undetermined period, usually because work is being done on the house or because the home cannot be shown. 2023 All Rights Reserved. W/D WD Washer and dryer A lien is a security interest that can give a creditor the right to take possession of a property secured by a loan, such as a mortgage, when the borrower defaults on the loan obligations. That doesnt mean that its a done deal by any means, however (more on that next). GAR, GR Garage BB Real Estate Abbreviation. HVAC heating, ventilation and air conditioning The ratio compares total housing cost (principal, homeowners insurance, taxes and private mortgage insurance) to gross income. DOS Due On Sale Clause Usually . Both words imply motion, but the difference may b. Defenestration. PRTL Partial Home affordability takes into account your income, down payment, and monthly debts. However, the widespread use of BB started in the 2010s, with the rise of smartphones and chat apps becoming the primary form of communication between teenagers. Examples of contingencies are home inspections, attorney review, the buyers financing, appraisal, and title search, among other reasons. DTI Debt to Income Ratio END End Unit An account required by a lender and funded by a buyers mortgage payment to pay the buyers homeowners insurance and property taxes. Crk Creek Learn, The act of paying off one loan by obtaining another. R/OPT Rent w/Opt-Buy A real estate agent will request a pre-approval or pre-qualification letter before showing a buyer a home. A loan estimate can help borrowers shop and compare costs of loans with lenders. Buyers should budget for an amount that is 2% to 5% of the homes purchase price. Zillow (Canada), Inc. holds real estate brokerage licenses in multiple provinces. 442-H New York Standard Operating Procedures New York Fair Housing NoticeTREC: Information about brokerage services, Consumer protection noticeCalifornia DRE #1522444Contact Zillow, Inc. Tiny . 2023 LoveToKnow Media. SMP Sump Pump Repayment of a mortgage over the loan term through regular monthly installments of principal and interest, based on an amortization schedule. NNN Triple Net Lease Often, the listing will indicate which rooms have hardwood flooring. After all, custom upgrades (like any decor choice) reflect the taste of the previous owner, and may or may not be to your taste. All Rights Reserved. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Clbhs Clubhouse OBO Or Best Offer Related:18 Big Storage Ideas to Steal from Tiny Homes. RDR Radiator If you have made your required monthly payments, at the end of the loan term (e.g., 15 or 30 year mortgage), you will own your home. After the set time period your interest rate will change and so will your monthly payment. REAL ESTATE DEED ABBREVIATONS AND ACRONYMS. SFR Single Family Residence Market conditions that exist when homes for sale outnumber buyers. STR On Street Parking A combination of loans bundled to avoid private mortgage insurance. The owners bank must approve a lower listing price before the home can be sold. One of two debt-to-income ratios that a lender analyzes to determine a borrowers eligibility for a home loan. PL/1 In-Ground Pool These structures can be both above and under the ground. The trademarks MLS, Multiple Listing Service and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. The New Outlook Is Opening Up to More People, Windows 11 Feature Updates Are Speeding Up, E-Win Champion Fabric Gaming Chair Review, Amazon Echo Dot With Clock (5th-gen) Review, Grelife 24in Oscillating Space Heater Review: Comfort and Functionality Combined, VCK Dual Filter Air Purifier Review: Affordable and Practical for Home or Office, LatticeWork Amber X Personal Cloud Storage Review: Backups Made Easy, Neat Bumblebee II Review: It's Good, It's Affordable, and It's Usually On Sale. OFC Office/Study Affordability or home affordability refers to the amount of money you can comfortably afford to spend on a home. The line items should look similar to what a borrower sees on their loan estimate when first applying there are limits to how much any fees can change in the time period between application and closing day, so borrowers should review their closing disclosure closely and ask their lender about any changes. You can email the site owner to let them know you were blocked. A policy that protects the structure of the home, its contents, injury to others and living expenses should damage occur. Not all mortgages carry a prepayment penalty. What Does BB Mean, and How Do I Use It? Personal property is movable property. LR Living Room CNS Certified Negotiation Specialist KIT, KT Kitchen TRAD Traditional But the cap rate is not the only metric used to evaluate a real estate investment. Cth Cathedral Ceiling A buyers final inspection of a home before closing. Keep reading to learn more about this unique abbreviation. Canadian Real Estate Association, the national association for Canada. U/G SPRK Underground Sprinkler Care starts with culture. MIC Mint Condition (like new or new) In the abbreviations, you may see differences in which letters get capitalized and which dont depending on the realtor/publication. I havent seen you in forever. To meet client needs, to empower teammates, and to lift up communities. If youre going to use BB in a platonic way, then you can get away with simply inserting it in a casual text. Refinancing is generally done to secure better loan terms, such as a lower interest rate. It may have received offers, but none have yet been accepted, which means that the opportunity is wide open. There are many abbreviations used in real estate, but the following list includes the more common ones youve probably heard before. Each lending institution sets its own prime rate. Her work has appeared in the New York Times Magazine, Vanity Fair, and Boston Magazine. P&S Purchase and Sale In-law potl:Potential for a separate apartment, subject to local zoning restrictions. PULL Pull-Down Attic Stair Please switch to a supported browser or download one of our Mobile Apps. APPLS Appliances Brk Brick SKY Skylights 3/4 Bath toilet + sink + shower or tub Prime rate is the interest rate charged by a lender to customers who are the least likely to default on their loans. While BB can have a lot of meanings on the internet, the most popular is a pet name between romantic partners and close friends. HOA Homeowners association SWR Sewer The number of days a property listing is considered active. FSBO For Sale By Owner Banks, savings and loans, and credit unions. Miscellaneous. Brokerage. Related:10 Signs That Fixer-Upper Might Be a Money Pit. One of two debt-to-income ratios that a lender analyzes to determine a borrowers eligibility for a home loan. TRSH Trash Pickup Usually, the realtor's website will give a good description without the real estate abbreviations. Check out our explainers on TMI, LFG, and SRSLY and expand your web vocabulary. Learn, One of two debt-to-income ratios that a lender analyzes to determine a borrowers eligibility for a home loan. Back Bay + 1 1. Cdrcl Cedar Closet Since we launched in 2006, our articles have been read billions of times. JV Joint Venture A fee charged to borrowers who make a down payment that is less than 20% of the homes value. Learn more. An origination fee is not a single fee. Read more about the Buy-Rent Breakeven Horizon here. It may sound charming, but a house that's described as having lots of character could look just plain weird in person. Dr -Dining Room Fixtures include wall-to-wall carpeting, light fixtures, window coverings and landscaping. APR Annual Percentage Rate Bb. An origination fee is not a single fee. LFT Loft Read, more about the Buy-Rent Breakeven Horizon here, The sale of a home by an owner who owes more on the home than its worth. A concrete point at which buying a home makes more financial sense than renting one. Closing costs:All of themiscellaneous expenses paid by the buyer and the seller when the real estate deal closes. Since many phrases can be shortened to BB, this acronym might refer to other things online. The "P" represents percent. The propertylisting with the agent has expired and is no longer active, usually because it didnt sell, says Matthews. A real estate agent will request a pre-approval or pre-qualification letter before showing a buyer a home. Cbl,Cblh Cable/Hookup The governments legal claim against property when the homeowner neglects or fails to pay a tax debt. BB. Each lending institution sets its own prime rate. Baseboard Heat + 2. Business, Property, Real Estate Advertising. A property repossessed by a bank when the owner fails to make mortgage payments. A "default" occurs when a borrower does not make his or her mortgage loan payment and falls behind. CP Carport The Mission of the Ann Arbor Area Board of REALTORS:To strengthen our REALTOR community through advocacy, collaboration,education, innovation and civic engagement. Read, A thorough assessment of a borrowers income, assets and other data to determine a loan amount they would qualify for. REAL ESTATE DEED ABBREVIATONS AND ACRONYMS. Prospective purchasers of an inn need to know exactly what they mean. A home being sold by the owner (FSBO) without a real estate agent isnt a listing.. A minimum requirement is often dictated by the loan type. 4B/2B: Four bedrooms and two bathrooms. DOS Due On Sale Clause FHA Federal Housing Administration POA Power of Attorney HomeReal Estate Abbreviations Real Estate Abbreviations A helpful list of the most commonly used real estate abbreviations, and land and property abbreviations used in most real-estate-related industries. Yes! BALC Balcony A real estate agent will request a pre-approval or pre-qualification letter before showing a buyer a home. SHOP Workshop This type of limit can also allow the property buyer to back out of the sale and possibly seek damages in . Refund Policy, U.S. Bonus information may be placed in "Other" field. NOI Net Operating Income O/F Owner Finance Privacy Policy. That could mean the seller is still open to accepting an offer, so its worth touching base if your curiosity is piqued. Fees may include the appraisal, the home inspection, a title search, a pest inspection and more. If its back on the market, theres a reason why the original sale fell through. Most real estate agents use similar abbreviations as part ofreal estate lingo, so once you get the jist, you can read any listing with confidence. The terms are frequently seen in advertising of bed & breakfast inns for sale: "turnkey," "mostly turnkey," "real estate only," "real estate and good will.". MEIK Modern eat-in kitchen One who originates, sells, and services mortgage loans and resells them to secondary mortgage lenders such as Fannie Mae or Freddie Mac. to cover taxes and insurance. MLS multiple listing service FFE furniture, fixture, and equipment You are not obligated to accept the loan just because you received a loan estimate. The fee, 0.3% to 1.5% of the yearly loan amount, can be canceled in certain circumstances when the borrower reaches 20% equity. Percentage (P): The first digit being the full percentage point and the second digit being the partial percentage (no decimal is used). AC or A/C Air conditioning ROI Return On Investment Performance & security by Cloudflare. A house located in a quiet location may be slightly off the beaten trackor, it may be out-and-out secluded. OA Owner Agent The first entry for this abbreviation on Urban Dictionary was made in 2006 and referred to it as Netspeak for baby, normally placed at the end of a text.. Who doesnt get a thrill while browsing real estate onsites likeZillow or Trulia?Window-shopping for housesonlineis oneof the mostfun partsof the homebuying process. E Rng Electric Range Real estate abbreviations are important to save time and money. Homes can sit on the market for a long time, and prices tend to drop. Your IP: A prepayment penalty is a fee some lenders may charge if you pay off some or all of your mortgage early. When used in a real estate listing, the words cozy or charming aren't describing the ambiance of the space so much as the size. You can also use BB as a platonic but affectionate nickname for a friend, especially if you have a strong and established friendship. PMI Private mortgage insurance Mortgage insurance is usually required on a conventional mortgage loan and the down payment is less than 20 percent of the sale price. SFH Single Family House MLS - Multiple Listing Service; database of real estate for sale, Smart -a computer controls some electronic devices like heating, alarms, and lights, CCIM Certified Commercial Investment Member, PITI principal, interest, taxes and insurance, CCR conditions, covenants, and restrictions, ACRP - Association of Commercial Real Estate Professionals, CHMS Certified Home Marketing Specialist, CLHMS Certified Luxury Home Marketing Specialist, FDIC Federal Deposit Insurance Corporation, FEMA Federal Emergency Management Agency, FHLMC Freddie Mac (Federal Home Loan Mortgage Corporation), GNMA Ginnie Mae (Government National Mortgage Association), REALTOR Member of the National Association of Realtors. It is in fact a real word (but that doesn't mean . OVER Oversized Garage glossary of frequently-used mortgage terms, Read our stress-free guide to getting a mortgage, The Ultimate Real Estate Glossary for Homebuyers. WDSTV Wood Burn Stove You may want the retreat, but ask yourself if you're truly ready for all it entails. Performance & security by Cloudflare. Chn Chain Link Fence PL, SP, S/P Swimming pool Read, 42. HRS Horses Allowed This means that the home fell out of escrow,perhaps due to contract issues, says Tania Matthews, an agent with Keller Williams Classic III Realtyin Central Florida. Reading real estate advertising acronyms can sometimes feel like trying to parse ancient Greek: EIL with a W/D? Fees associated with the purchase of a home that are due at the end of the sales transaction. Accredited Buyer's Representative (ABR ) Becoming an Accredited Buyer's Representative might be the edge you need in a crowded market. The act of paying off one loan by obtaining another. These abbreviations are typically written in all capital letters. An adjustable-rate mortgage, or ARM, has an introductory interest rate that lasts a set period of time and adjusts every six months thereafter for the remaining loan term. If a place is advertised as needing TLC then its likely a bona fide fixer-upper. 1 meaning of BB abbreviation related to Real Estate Advertising: Vote. BB is ubiquitous in modern relationships between young people, where direct messages and chat apps are primary forms of communication. G-RNG Gas Range A/C Air Conditioning If your mortgage doesnt have an escrow account, you may pay the property-related expenses directly. 67.211.219.14 Hi ceils - This is an abbreviation for "high ceilings.". HDW, HWF, hdwd - This means there is hardwood flooring in the home. Like other shorthand slang terms in text messages, this abbreviation is primarily written in the lowercase bb rather than the uppercase BB. On top of that, many acronyms use the uppercase BB, while the lowercase version almost exclusively refers to baby. BB is already an abbreviation of a fairly short word, so some people ditch the shorthand altogether and use baby or babe. Alternatively, you might see some people use variations such as bby, b2, or even just b., While baby has been a pet name for a romantic partner long before the internet age, the widespread use of BB is pretty recent. Longterm care insurance is issued by Northwestern Long Term Care Insurance Company, Milwaukee, WI, (NLTC) a subsidiary of NM. 1. REF Refrigerator Commonly Used Real Estate Abbreviations and Acronyms for compiled and available to the public. FHA Federal Housing Administration Vann Vicente has been a technology writer for four years, with a focus on explainers geared towards average consumers. CMA Comparative Market Analysis Zillow Group is committed to ensuring digital accessibility for individuals with disabilities. The base rate is set by the Federal Reserve and then customized per borrower, based on credit score, down payment, property type and points the buyer pays to lower the rate. A database where real estate agents list properties for sale. CFan Ceiling Fan PL/A Above Ground Pool This is the escrow period, when both buyer and seller are workingtoward a closing. Lock box:Locked key-holding device affixed to a for-sale home so real estate professionals can gain entry into the home after obtaining permission from the listing agent. Actv Active How-To Geek is where you turn when you want experts to explain technology. CVAC Central Vacuum ARM Adjustable Rate Mortgage Tiny houses are a trend, for sure. GRES Graduate Real Estate Society WHKP Washer Hookup All abbreviations on this list are typically written in all capital letters. If you're still unclear what a shorthand is referring to, reach out to the listing agent. PGS Propane Prime rate is the interest rate charged by a lender to customers who are the least likely to default on their loans. STOR Assigned Storage AMO Accredited Management Organization DET Detached garage If you have made your required monthly payments, at the end of the loan term (e.g., 15 or 30 year mortgage), you will own your home. SMB Split Master Bedroom A policy that protects the structure of the home, its contents, injury to others and living expenses should damage occur. APT Apartment Cloudflare Ray ID: 7a28359a3f44c34a Like, from the 50s. Related:The 12 Fall Home Maintenance Tasks You Can't Ignore. SQ FT Square Feet The Federal Housing Administration is part of the U.S. Department of Housing and Urban Development. If you need help understanding your mortgage or contract, these are some of the more common real estate, legal, and financial abbreviations youll see. Read more about PMI here. There are multiple reasons why homes become REO properties, the biggest one being that the home went into foreclosure. FRBO for rent by owner Title Records Corp.160 Greentree DriveDover, DE 199041-302-269-3942office@ustitlerecords.com, #ustitlerecords #ustitlerecords #ustitlerecords. AST Assessment Lien Lien, JTL. W/D Washer/Dryer AEK All electric kitchen FHA loans are different from conventional loans because they can be approved for borrowers with lower credit scores and may allow for down payments as low as 3.5 percent of the total loan amount. SD/W Storm Doors & Windows F/BSMT Fully finished basement Resources A home loan not guaranteed by a government agency, such as the FHA or the VA. Read more about conventional loans here. There are also a few other cultural definitions for BB. The seller has an accepted offer but is waiting to see if the buyers bank will agree to it, says Realtor Dawn Rivera with Realty World-Viking Realty in Fremont, CA. Fixtures are a frequent subject of buyer and seller disputes. SPLT Split-Level MLSs are local or regional. HWH Hot water heater L/O Lease Option After all, you wouldn't want to get stuck with a money pit. A government agency chartered by Congress in 1970 to provide a constant source of mortgage funding for the nations housing markets. 4/3 4 bedrooms / 3 bathrooms Step 2: Through your cost estimation, you figure out that $30,000 of investment will bring the property to a rental-ready state over the next 4 months. SPDED Special Warranty Deed Bung Bungalow Read more about, escalation clauses and making an offer on a home, An account required by a lender and funded by a buyers mortgage payment to pay the buyers homeowners insurance and property taxes. Cap rates are calculated by dividing the property's net operating income (NOI) by its property asset value. FDR/DR Dining room or a formal dining room RELATED: How to Stream U.S. Sports for Free Online. 2. Related:9 Ways Your Neighbors Can Screw Up Your Home Sale. How to use real estate in a sentence. REO Real Estate Owned 1 /8. No purchase is necessary to view U.S. LOI Letter of Intent Lo dues:Low homeowners association dues. An in-depth analysis, prepared by a real estate agent, that determines the estimated value of a home based on recently sold homes of similar condition, size, features and age that are located in the same area. CHMS Certified Home Marketing Specialist POF Proof of Funds There is no MLS covering the whole country. 2. Sometimesa property will continue to be shown when it is contingent, and the seller may entertaina backup offer. Used under license. Thats why when you read a real estate listing, you may end up scratching your head over a whole bunch of puzzling terms. Real estate agents and other real estate professionals often need to have specific certifications and may work with or belong to different associations or groups. We Let ChatGPT Create AI Art, Heres What It Made, The New Outlook for Windows Is Opening Up to More People, How to Optimize Your Steam Deck for a Longer Lasting Battery, 2023 LifeSavvy Media. POA Power of Attorney GNMA Ginnie Mae or Government National Mortgage Association Agents use this status to indicate that the seller is open toreceivingbackup offersbecause the sale may not go through., Back onthemarket (BOM):The propertyhas becomeactive again,afterrecentlybeingtaken offthemarket., Closed (CL):The property has been sold and is no longer available., Expired:The property is no longer available for saletypically because the seller could not find a buyer., Pending:Thepropertyis under contract and all contingencies have beenfulfilled, but the settlement still needs to take place., Temporarily off market (TOM):The home is not currently available for saleandshowings arenotallowed,butitwillsoon beback on the market. When a home listing touts its custom features, take care. MCOA Min $ on Assumption In many listings, the term is used to describe to an area that's in the process of transition. Read, A clause or addendum to a real estate contract or offer that states a buyer is willing to raise his or her offer price to a predetermined amount if the seller receives a higher competing offer for the property. If you wish to report an issue or seek an accommodation, please let us know. Fpgas Gas Fireplace BLDRS REDO Builders Renovation ARI Articles of Incorporation Notice, certificate. A three-page document sent to an applicant three days after they apply for a home loan. FXR Fixer Upper Dont be surprised if you see strange angles, unconventional trim work, and doors that lead to nowhere. Updated from an earlier version on realtor.com. ALM Aluminum Siding Keep this five-part guide handy youll be fluent in the language of home buying before you know it. PRV, PVCY FENCE Privacy Fence FR Family room Mortgage insurance protects the lender if the borrower defaults on the mortgage loan. Read more about origination fees here. BCH Beach Individuals could include neighbors or other people who have a right of way. Before you jump on a house with a "too good to be true" price, you need to understand how the short sale process works and connect with your real estate agent for more details. When dealing with real estate, you might also need to know things like the abbreviations for all 50 states or even common measurement abbreviations. VA Department of Veterans Affairs / Veterans Administration, AMORT Amortization Q POS Available for quick possession An encumbrance is a limit on how an owner can use real estate. A concrete point at which buying a home makes more financial sense than renting one. PRQ Parquet GRI Graduate REALTOR Institute FSBO For Sale by Owner When offering a selling bonus to a selling broker, the listing broker must specify the terms of the bonus offer according to the following guideline code: B dollar amount/terms/expiration date of offer (if applies), Examples: B1000/APT/010113 ($1000 Bonus on Accepted Price & Terms Offer Good until January 1, 2013) B1000/FPT/010113 ($1000 Bonus on Full Price & Terms Offer Good until January 1, 2013). The meaning of REAL ESTATE is property in buildings and land. A multiple listing service (MLS) is a database established by cooperating real estate brokers to provide data about properties for sale. Copyright 2022 Ann Arbor Area Board of REALTORS. MBA Master Bedroom w/Bath Its a set of lender-specific fees that are part of your costs when closing a mortgage loan. Read more about pre-qualification here. Affordability or home affordability refers to the amount of money you can comfortably afford to spend on a home. Prepaid interest owed at closing, with one point representing 1% of the loan. It is for information purposes only, and any links provided are for the users convenience. The action you just performed triggered the security solution. He also works as a digital marketer for a regional e-commerce website. So if the home in question isyour dream home, it may be worth offering upa deal that the seller cant refuse. Ann Arbor Area Board of REALTORS1919 W. Stadium Blvd., Ann Arbor, MI 48103(734) 761-7340. LPOA Limited Power of Attorney C/VAC Central vacuum That could be good news, if you're on a strict budget and are open to purchasing a time-intensive starter house. Oftentimes, a seller will take a property off the market while they make home repairs or improvements., Under contract (UC):This statusalsoindicates thattheseller has acceptedan offer from a buyer, but the sale has not yet been completed. JTUB Jetted Tub Read more about FHA loans here. Bsmt Basement This means that aproperty is currently on the market and available for sale. WAR Warranty Plan Join 425,000 subscribers and get a daily digest of news, geek trivia, and our feature articles. NBHD Neighborhood Mstr Master bed room MULTI 3+ Car Garage Life and disability insurance, annuities, and life insurance with longterm care benefits are issued by The Northwestern Mutual Life Insurance Company, Milwaukee, WI (NM). Learn, A government agency created by the National Housing Act of 1934 that insures loans made by private lenders. Business By submitting your email, you agree to the Terms of Use and Privacy Policy. CLTV Combined Loan To Value NAR National Association of Realtors Affordability or home affordability refers to the amount of money you can comfortably afford to spend on a home. AC Acre CFD Contract for Deed If you have the money to hire a handyman for every household woe, go ahead. The Long and Short of It, The Ultimate Real Estate Glossary for Homebuyers. A security deposit made by the buyer to assure the seller of his or her intent to purchase. An MLS is an organization that collects, compiles and distributes information about homes listed for sale by its members, who are real estate brokers. YD Yard Call it what you willjargon, shorthand, lingobut every industry, including the real estate world, has its own language, a collection of terms that are essential to understand if you hope to play ball. When youre well-established enough to give each other pet names, you might want to try calling them baby or babe in person before you start calling them bb in chat. MO Month BB is most commonly used on the internet (and in text messages) as an abbreviated form of baby. However, baby in this context is used as a pet name or term of endearment for your romantic partner and not an infant child.

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