The ABC's of Real Estate: Decoded
Posted by West + Main Homes on
The real estate sales, appraisal, and valuation worlds can seem like a sea of alphabet soup, acronyms that nobody really understands floating through the air, gone before you can fully grasp their meaning.
House Canary gathered some of the most common real estate acronyms, then spelled them out and explained what they are. (And if you already recognize everything on this list, then you can consider yourself a full-fledged real estate expert.)
AMC — Appraisal Management Company
An AMC is an enterprise that contracts with appraisers to appraise properties on behalf of mortgage lenders. The Interagency Guidelines (IAG), Uniform Standards of Professional Appraisal Practice (USPAP), and Home Valuation Code of Conduct (HVCC) require a “barrier”…
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