What does SOT mean in real estate?

What is retail SOT?

An SOT is a Special Occupational Taxpayer. It is a Federal Firearms Licensee who pays a special annual tax in order to deal with a special class of firearms called NFA Firearms.

What does can mean in real estate?

Properties that have the designation CAN have a cancelled contract between the agent and the owner before the contract period ended. Those that read EXP had the listing contract expire. The seller may have chosen not to sell.

What does SLC stand for in real estate?

Devise and maintained updated Stock Cards (SC), Property Cards (PC) and Supplies Ledger Cards (SLC), Property, Plant & Equipment Ledger Cards (PPELC) and reconcile the balances of the inventory and PPE accounts.

What does SOT mean in sales?

Selling out of trust (SoT) most often refers to car dealerships that sell a car but don’t pass enough of the proceeds of the sale to the lender.

What SOT means?

SOT is an acronym for the phrase sound on tape. … In broadcast journalism, SOT is generally considered to be audio captured from an individual who is on camera, like an interviewee and may also be referred to as a soundbite.

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What is W W closet?

W/W: Wall-to-Wall (as in W/W carpet or window or closet)

What does HOH mean in real estate?

The term homeowners association (HOA) fee refers to an amount of money that must be paid by certain types of residential property owners every month to their homeowners associations (HOAs). These fees are collected to assist the association with maintaining and improving properties.

What does P&L mean in real estate?

A P&L Statement, Profit and Loss Statement and Operating Statement all refer to the same document that lenders require for income producing real estate.

Can a realtor show a house that is pending?

Realtors can continue to show a house that is pending. … If this is the case, sellers will allow the Realtor or real estate agent to show the property during closing. Due to the many reasons a pending sale can fall through, it is not uncommon for sellers to continue to show the property.

What does the M in MLS stand for?

Multiple Listing Service (MLS)

What does Pete stand for in real estate?

So for government powers, remember the acronym PETE: Police Power, Eminent Domain, Taxation, Escheat.