National Society Of Real Estate Appraisers (NSREA)
Definition of "National Society of Real Estate Appraisers (NSREA)"
A professional society which is an affiliate of the National Association of Real Estate Brokers. The purpose of the NSREA is to formulate rules of ethics and professional conduct and enforce these rules to the benefit of its members. It awards the professional designation of " Master Real Estate Appraiser", " Certified Real Estate Appraiser", and " Residential Appraiser" to those who successfully complete a prescribed course of study and final examination. Membership in NSREA consists of five categories. These include Candidate, Member, Junior Member, Senior Member, and Master member. All persons who have successfully passed all qualifying procedures are entitled to use the designation Certified Real Estate Appraiser (CRA).
Popular Real Estate Terms
As the term “servient” comes from the root word “serve” and to serve means to perform a duty or a service for another entity, its meaning is easy to define. The term ...
Justifiable and fair amount for a real estate transaction based on the conditions and limitations involved in the exchange. ...
To acquit, exonerate, absolve, or discredit allegations. ...
Use of other people's money (OPM) in an attempt to maximize the return but at high risk. The use of leverage in real estate investing is a way to maximize yield on a small down payment. ...
Mortar or concrete which is pumped or 'shot' through a hose at high velocity onto a surface. ...
Platform erected on a roof in some New England homes having a view of the sea. It was said widows of lost seaman would walk on the platform looking out at sea for their husbands to return ...
Creates a lien against the mortgagor's property, but does not permit a lien against his or her personal assets. See also non recourse. ...
Contractual provision requiring apportionment. ...
Decline in the credit status of a prospective homebuyer. ...
Have a question or comment?
We're here to help.