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Common Abbreviations Head

 

The following list contains common real estate and REALTOR organization abbreviations and acronyms.

 

ABR - Accredited Buyer Representative, a professional designation awarded by the Real Estate Buyer's Agents Council. (www.rebac.net)

ABRM - Accredited Buyer Representative Manager, a professional designation awarded to managers of buyer's representatives by the Real Estate Buyers Agents Council. (www.rebac.net)

AE - Association Executive (www.realtorae.com)

ALC - Accredited Land Consultant, awarded by the Board of Governors of the REALTORS® Land Institute. (www.rliland.com)

AMO - Accredited Management Organization, a professional designation for a property management firm, awarded by the Institute of Real Estate Management.

ARELLO - Association of Real Estate License Law Officials. (www.arello.org)

ASREC - American Society of Real Estate Counselors, awards the designation of Counselor of Real Estate to its members. (www.cre.org)

BOD - Board of Directors

CCIM - Certified Commercial/Investment Member, a professional designation awarded by the Commercial Investment Real Estate Institute. (www.ccim.com)

CID - Commercial & Investment Division, a subdivision of commercial specialists within a REALTOR® Association.

CIREI - Commercial Investment Real Estate Institute (www.ccim.com)

CPM - Certified Property Manager, a professional designation awarded by the Institute of Real Estate Management.

CRB - Certified Real Estate Brokerage Manager, a professional designation awarded by the Institute of Real Estate Management. (www.crb.org)

CRE - Counselor of Real Estate, a professional designation awarded by the American Society of Real Estate Counselors. (www.cre.org)

CRS - Certified Residential Specialist, a professional designation awarded by the Residential Sales Council. (www.getacrs.com)

DR - Designated REALTOR®, one executive of a REALTOR® firm designated by the firm's owner(s) to be responsible for the collection of annual
membership dues and assessments for the REALTOR® Association, in accordance with the bylaws.

E&O - Errors and Omission, professional liability insurance coverage.

EO - Executive Officer.

GREEN - GREEN - a designation conferred by the Green Resource Council.

GRI - Graduate, REALTOR® Institute, a professional designation awarded by the Louisiana Real Estate Education Foundation.

HUD - Office of Housing & Urban Development. (www.hud.gov)

IREM - Institute of Real Estate Management (www.irem.org)

ITI - Instructor Training Institute, a national certification of professional educators and corporate trainers.

LARPAC - The Louisiana REALTORS® Political Action Committee.

LR - Louisiana REALTORS®

LREC - Louisiana Real Estate Commission, the state government board that oversees the distribution of real estate licenses. (www.lrec.state.la.us)

LREEF - Louisiana Real Estate Education Foundation.

LTG - Leadership Training Graduate, a professional designation of the Women's Council of REALTORS® (www.wcr.com)

MGRI - Master of Graduate, REALTOR® Institute, a professional designation awarded by the Louisiana Real Estate Education Foundation.

MLS - Multiple Listing Service

NAR - National Association of REALTORS® (www.nar.realtor.com)

REBAC - Real Estate Buyer's Agents Council (www.rebac.com)

RLI - REALTORS® Land Institute (www.rliland.com)

RNMI - REALTORS® national Marketing Institute

ROTY - REALTOR® of the Year Award

RPAC - REALTORS® Political Action Committee (national)

SIOR - Society of Industrial & Office REALTORS®, also a professional designation conferred upon all members of the society. (www.sior.com)

SRS - Seller Representative Specialist, a professional designation recognizing real estate professionals who have completed special education in seller representation.

WCR - Women's Council of REALTORS®, awards the Leadership Training Graduate designation (www.wcr.org)

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