Real Estate Glossary of terms

USPAP- Uniform Standards of Professional Appraisal Practice
CMA - Comparative Market Analysis
BPO - Broker's Price Opinion
NAR - National Association of Realtors
FAR - Florida Association of Realtors
Local board association of Realtors
MLS - Multiple Listing Services
NMLS- - Nationwide Mortgage Licensing System.
CAM - Community Association Manager
CRE- Counselor of real estate
DBPR - Department of Business and Professional Regulations
ORI number- Originating Agency Identification Number.
Chapter 20: Organizational Structure of the Executive branch of Florida Govt.
Chapter 455:  Business and Professional Regulations.
Chapter 120: Administrative Procedure Act.
Procedures to regulate Business and Professional Regulations.
Chapter 475: Real Estate Professions Act.
Chapter 61J2: FREC rules. Florida Administrative Code.
FREC: Florida Real Estate Commission Rules
DRE: Division of Real Estate.

Licensee's Business Organization:
1. Sole proprietor
2. Limited liability company
3. Professional Corporation
4. Professional Limited liability company

Entities that may register as brokerage with DBPR:
1. Sole Proprietorship
2. General Partnership
3. Limited Partnership
4. Limited Liability Partnership (LLP)
5. Corporation.
6. Limited Liability Company (LLC)
7. Professional Association (PA)

EDO: Escrow Disbursement Order
RESPA: Real Estate Settlement Procedures Act.

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