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What do all of those letters mean?

Designations and Certifications

The National Association of REALTORS® and its affiliated Institutes, Societies, and Councils provide a wide range of programs and services that help members increase their skills, proficiency, and knowledge. Designations and certifications acknowledging experience and expertise in various real estate sectors are awarded by NAR and each affiliated group upon completion of required courses. Hover your mouse on the logo for more information.

Designations & Certifications

SID


Special Improvement District - set up and paid in property taxes to provide infrastructure improvements such as sewer connections, street lights, or sidewalks




PITI


Principal, Interest, Taxes, and Insurance - these figures make up a mortgage payment




MLS


Multiple Listing Service - REALTOR® accessed database of listed property




ROI


Return on Investment - a standard metric that real estate investors use to analyze investment properties




Cap Rate


Capitalization Rate - a measure of the profitability of a real estate investment




FSBO


For Sale By Owner




CMA


Comparative Market Analysis - the process of determining the valueof a property based on market conditions




HOA


Homeowners Association - a private association established by a real estate developer for the purpose of selling and managing homes in a planned community




HUD


Housing and Urban Development - Organization that handles homes that have been foreclosed that were originally purchased using an FHA loan.





Common Abbreviations

SID


Special Improvement District - set up and paid in property taxes to provide infrastructure improvements such as sewer connections, street lights, or sidewalks




PITI


Principal, Interest, Taxes, and Insurance - these figures make up a mortgage payment




MLS


Multiple Listing Service - REALTOR® accessed database of listed property




ROI


Return on Investment - a standard metric that real estate investors use to analyze investment properties




Cap Rate


Capitalization Rate - a measure of the profitability of a real estate investment




FSBO


For Sale By Owner




CMA


Comparative Market Analysis - the process of determining the valueof a property based on market conditions




HOA


Homeowners Association - a private association established by a real estate developer for the purpose of selling and managing homes in a planned community




HUD


Housing and Urban Development - Organization that handles homes that have been foreclosed that were originally purchased using an FHA loan.