ZION CEBU REAL ESTATE

COMMONLY USED ACRONYMS

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Here are some commonly used abbreviations. Sometimes, what a realtor says is so full of acronyms that it's impossible to tell what he is trying to say! Note that most of these acronyms are unique to the PR (Philippine Republic).

APD Areas for Priority Development

BBM Barangay Boundary Monument

BIR Bureau of Internal Revenue

BL Bureau of Lands

BLLM Bureau of Lands Locator Monument

BTRCP Bureau of Trade Regulation and Consumer Protection

CAR Certificate Authorizing Registration

CARP Comprehensive Agrarian Reform Program

CBM City Bureau Monument

CEREB Cebu Realtors Board

CF Community Facilities

CGT Capital Gains Tax

CLOA Certificate of Land Ownership Awards

CMP Community Mortgage Program

CNC Certificate of Non-Coverage

CWT Creditable Withholding Tax

DENR Department of Environmen & Natural Resources

DST Documentary Stamp Tax

DTI Department of Trade and Industry

ECC Environment Compliance Certificate

ECP Environmental Critical Project

EFRS Electronic Filing and Payment System

EGGAR Engineering Geological and Geohazard Assessment Report

EIA Environment Impact Assessment

FA Final Approval

HLURB Housing and Land Use Regulatory Board

HOA Home Owners Association

HSRC Human Settlement Regulation Council

HUDCC Housing and Urban Development Coordinating Council

IEE Initial Environment Examination

LGU Local Government Unit

LRC Land Registration Commission

LRA Land Registration Administration

LMB Lands Management Bureau

MBM Municipal Bureau Monument

NEDA National Economic Development Authority

NIPAS National Integral Protected Areas System

NSO National Statistics Office

NWRB National Water Resources Board

OPT Other Percentage Tax

OCT Original Certificate of Title

PAG-IBIG Pagtutulungan sa Kinabukasan, Ikaw, Basuko, Industriya, Grobyerno. (The Philippine's semi-governmental housing loan agency; the acronym means "love" in Filipino.

PALC Preliminary Approval and Locational Clearance

PAREB Philippines Association of Realtors Board

P/P Parks and Playgrounds

RA Republic Act

RDO Revenue District Office (of the BIR)

REB Real Estate Broker

REA Real Estate Appraiser

REC Real Estate Consultant

RESCCP Realty Estate Service Council of the Philippines

ROW Right of Way

RSP Realy Service Practitioner

PUD Planned Unit Development

TCT Transfer Certificate of Title

TCC Tax Clearance Certificate

TD Tax Declaration (also called Tax Dec)

TIA Traffic Impact Assessment

UHLP United Home Lending Program

VAT Value Added Tax