Want this question answered?
Price change
REO is an abbreviation for Real Estate Owned and refers to property which is in the possession of a lender as a result of foreclosure or forfeiture.
"Contingent with No Kick Out."
Days on Market
The abbreviation NAIOP stands for National Association of Industrial and Office properties. This is a trade group for investors and developers of commercial real estate.
Price change
REO is an abbreviation for Real Estate Owned and refers to property which is in the possession of a lender as a result of foreclosure or forfeiture.
"Et al" means "and others" in latin.
Contingency.
The abbreviation for real estate is RE. Of course, it would have to be used in an appropriate context to have that meaning since RE can be used in other contexts.
"Contingent with No Kick Out."
Price changed
The abbreviation for real estate is RE. Of course, it would have to be used in an appropriate context to have that meaning since RE can be used in other contexts.
Days on Market
Contingent upon Financiing.
IT is not common to see BOM being used in real estate financing, it is a commonly used abbreviation for "Back On Market." This could be because the financing fell through, causing the seller to put it back on the market.
BGP stands for British Guernsey pound