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
Local regulation on how real property may be used in a particular locality. The county may establish different zoning classifications and restrictions. If the ordinance is violated, ...
Choosing alternative real estate investment instruments having different risk-return features. Diversification can be done by regions and types of real estate. Diversification provides a ...
The clear, open and active occupancy of real estate. For example, notorious possession is one of the tests for adverse possession. ...
Return before taxes on the capital invested in real estate property. ...
Rule of thumb approach used to determine how long it takes to double an investment in real estate. Under this approach, dividing the number 72 by the fixed rate of return equals the ...
(1) Supporting the joists of a floor with small pieces of wood. (2) Providing temporary financing such as a short-term loan, to a real estate developer before long-term financing can be ...
Prepayment to a landlord for refurbishing the unit beyond what would be anticipated from customary wear and tear. It is like a damage deposit. The security deposit may be refunded at the ...
A lien which is secondary to a senior lien and cannot be paid until the senior lien is satisfied. ...
The definition for the gross living area published by the Appraisal Institute’s Dictionary of Real Estate 4th Edition is: “The total area of finished, above-grade residential ...
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