e-Pro (styled e-PRO) is an Internet professional certification program approved by the National Association of Realtors (NAR) for its members. Members of the Canadian Real Estate Association (CREA) may also pursue the e-Pro certification and use the logo by completing the online learning program.
What does pro mean in real estate?
Prorate derives from the term “pro rata,” which means proportionally. The proration of real estate describes the division of real estate expenses according to the proportion of ownership or rental.
What is pro certification?
CCN Pro is the state’s most recognized nursery education program. … CCN Pro offers certification through a program designed to educate retail nursery staff in three key areas — general knowledge, plant identification and landscape design.
What is pro forma rental property?
Pro forma is a future projection of a property’s cash flow or net operating income (NOI). Here’s how to calculate it: Estimate the property’s potential gross rental income. … Subtract the projected future expenses from the property’s gross rental income minus vacancy rate.
What is amortization real estate?
Amortization is a way to pay off debt in equal installments that include varying amounts of interest and principal payments over the life of the loan. An amortization schedule is a fixed table that shows how much of your monthly payment goes toward interest and principal each month for the full term of the loan.
What is SFR designation in real estate?
The Short Sales and Foreclosure Resource (SFR®) certification is for REALTORS® who want to hone the skills that will allow them to help buyers and sellers of distressed properties.
What is the At Home with Diversity Program AHWD?
At Home With Diversity® (AHWD) is an NAR certification program designed to present a picture of the changing face of the real estate industry. Since 1998, the At Home With Diversity® program has prepared over 20,000 REALTORS® to work effectively with and within today’s increasingly diverse pool of homebuyers.
What is pro forma vs actual?
A pro forma financial statement is one based on certain assumptions and projections (as opposed to the typical financial statement based on actual past transactions).
What is pro forma cost?
A pro forma — Latin for “as a matter of form” — budget is a predicted budget based on unusual circumstances or possible changes to your company’s structure, revenues, profits or expenses. A pro forma operating budget can help your company prepare for changes such as mergers, investments, loans or acquisitions.
What is pro forma underwriting?
Moody’s considers pro forma underwriting to be the practice of counting toward underwritten cash flow in a loan income that is based on an unwarranted projection of near-term property performance. Almost always pro forma underwriting is a negative for credit quality.
How do you amortize real estate?
Amortization is the schedule of your monthly mortgage loan payments. (Some other loans, such as credit cards, also use an amortization schedule to show the breakdown of payments.) An amortization schedule shows you how much of your monthly mortgage payment goes to interest and how much to principal.
How do you calculate real estate amortization?
Starting in month one, take the total amount of the loan and multiply it by the interest rate on the loan. Then for a loan with monthly repayments, divide the result by 12 to get your monthly interest. Subtract the interest from the total monthly payment, and the remaining amount is what goes toward principal.
What is amortization with example?
Amortization is the process of incrementally charging the cost of an asset to expense over its expected period of use, which shifts the asset from the balance sheet to the income statement. … Examples of intangible assets are patents, copyrights, taxi licenses, and trademarks.