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Real Estate Acronyms - Alphabet Soup

In Real Estate the number of acronyms used on a regular basis can be mind boggling. Below is a list of the most common acronyms and their meaning. 

ABR

Accredited Buyer Representative, a certification of NAR for buyer representation

ADF

Applicant Data Form, used to submit qualifications for RCE designation

AE

Association Executive, applies to anyone on staff at a REALTOR® association

AEC

Association Executives Committee, a committee of NAR that makes recommendations on behalf of AEs

AEI

Association Executives Institute, an annual NAR conference for AEs

ALC

Accredited Land Consultant, a designation awarded by the REALTORS® Land Institute

ALD

Association Leadership Development, name of NAR area that focuses on programming for association staff and volunteer leaders

Affiliate

A class of membership in a board for those in industry interested in board (bankers, attorneys, etc.)

ARAM

Advanced REALTOR® Association Management, an advanced self-study program for AEs, available from NAR

ARELLO

Association of Real Estate License Law Officials

ASAE

American Society of Association Executives

Block R

The trademarked "R" design denoting REALTOR®, with specific requirements for its placement and use

BOD

Board of Directors

CAE

Certified Association Executive, a designation awarded by ASAE

CCIM

Certified Commercial Investment Member, a designation awarded by the CCIM Institute

CIPS

Certified International Property Specialist, a NAR designation focused on International real estate

COE

REALTORS® Code of Ethics

CFR

Campaign Finance Reform, rules/laws that impact PAC contributions

CPM

Certified Property Manager, a designation awarded by IREM

CRB

Certified Real Estate Brokerage Manager, a designation awarded by the Council of R.E. Brokerage Managers

CREA

Canadian Real Estate Association, the national association for Canada

CRS

Certified Residential Specialist, a designation awarded by the Council of Residential Specialists

CRT

Center for Real Estate Technology, a division of NAR focused on technology products, programs, and issues

Crystal R

Contributor to RPAC at $2500 level (which may include lower amount in recurring year)

Delegate

Representative on NAR's Delegate Body, casts votes by number of members in Board, to change NAR Constitution

D&O

Directors & Officers insurance, another term used to describe professional liability insurance for associations

DR

Designated REALTOR®, the person in the firm with dues and professional standards authority

E&O

Errors & Omissions insurance, professional liability insurance for associations

EO

Executive Officer, defunct term for the CEO/EVP of a REALTOR® association

ePOE

e-commerce Point of Entry, a status within NRDS allowing e-commerce capabilities for records

ePRO

A technology certification provided by NAR

EVP

Executive Vice President, a staff title within an association

FDC

Federal District Coordinator, defunct term for REALTOR® liaison to Member of Congress/Senate

FPC

Federal Political Coordinator, a liaison to a Member of Congress for NAR (formerly FSC/FDC)

FSC

Federal Senate Coordinator, defunct term for REALTOR® liaison to Member of Congress/Senate

GAD

Government Affairs Director, typically a staff title

Golden R

Contributor to RPAC at $5000 level (which may include lower amounts in recurring years)

GRI

Graduate, REALTOR® Institute, a NAR designation awarded at state association level

HOP

Housing Opportunities Program, NAR effort for affordable housing

IA

Institute Affiliate Member, a commercial designee who pays a reduced fee for limited membership

IDX

Information Data Exchange, agreement by firms in MLS to advertise each others listings on firm websites

INS

Internal News Service, a regular weekly emailed publication from NAR

IREM

Institute of Real Estate Management, a commercial affiliate of NAR

ISC

Institutes, Societies, & Councils, used to collectively describe organizations with specific relationship to NAR

IT

Information Technology, another term used for NAR CRT division, or reference to the information function

LFRO

Limited Function Referral Office, a company licensed for the sole purpose of providing referrals to another firm

Magel

The William R. Magel Award of Excellence, award given to AE for outstanding contributions (NAR Award)

Major Donor

REALTOR® or AE who gives $1000 or more to NAR's Political Action Committee (RPAC)

MARKS

Collective term for registered trademarks of NAR

MLS

Multiple Listing Service

MIC

Major Investor Council Member – REALTOR® member in charge of Major Investor and President’s Circle recruitment for the state

MLS

Multiple Listing Service

MVP

Member Value Plus reward program for members and associations to take specified NAR  actions and in doing so earn a reward

NAR

National Association of REALTORS®

NRDS

National REALTORS® Database System, a centralized membership clearinghouse with rules

PC

President’s Circle – A RPAC Major Investor who invests an additional $2,000 directly to REALTOR® Champions from a pre-approved list by the national RPAC Disbursement Trustees.

Platinum R

Investor in RPAC at $10,000 level (which includes lower amount in subsequent years to sustain)

POE

Point of Entry, a status within NRDS allowing data entry to certain fields in membership records

PS

Professional Standards, the specific process for resolving arbitration and ethics complaints; duty of members

RAE

REALTOR® Association Executive magazine, a NAR publication for AEs

RAM

REALTOR® Association Management, a self-study program for AEs, available from NAR

RARE

REALTOR® Association Resource Exchange, virtual library of sample association documents donated by AEs

RCE

REALTOR® Association Certified Executive, a NAR designation for REALTOR® Association Executives

REALTOR

A trademarked term denoting membership in the National Association of REALTORS®; not a generic term

REBAC

Real Estate Buyer Agent Council, an affiliate of NAR that maintains the ABR designation

RLI

REALTORS® Land Institute, an affiliate of NAR

ROTY

REALTOR®of the Year

RPAC

REALTORS® Political Action Committee, NAR's PAC

RPMIC

REALTORS® Party Member Involvement Committee, NAR's grassroots contact system (formerly RPIC)

SIOR

Society of Industrial and Office REALTORS®, a commercial affiliate of NAR

SRES

Senior Real Estate Specialist, a designation offered by the California Association of REALTORS®—selling to seniors

Sterling R

Contributor to RPAC at $1000 level (each year separate)

VOW

Virtual Office Website, a real estate firm practicing brokerage on the Internet (advertising in some state laws)

WCR

Women's Council of REALTORS®, and affiliate of NAR primarily for women but open to men