What do the initials FROR stand for in Real Estate?

Answer 1

Most likely "First Right of Refusal", which pertains to a right given to a party to a real estate transaction that allows that party to buy or sell the property in question in preference to a third party or the open market. A simple example is a lease under which the tenant is given the right, if the landlord/owner decides to sell and the landlord/owner is prepared to accept a contract to sell from a third party, to literally take advantage of that contract offer and purchase the property for itself, thus shutting out the third party. Such rights are carefully crafted so that tenants have a very short time to decide so that the landlord/owner does not lose the buyer, and can get complicate if the deal as presented to the tenant changes throughout the sale process -- the question being whether the tenant should get a second chance if the deal becomes materially better for the tenant. There are other nuances.