American Institute Of Real Estate Appraisers Airea

Definition of "American Institute of Real Estate Appraisers (AIREA)"

Merged with Appraisal Institute in 1991.

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Popular Real Estate Terms

Alcove

Normally small recess in a room extending to the floor. ...

Blockbusting

Illegal practice of inducting panic selling in a neighborhood for financial gain. Such selling may arise because of the threatened move to the area of ...

Equity Rate O Return

Return before taxes on the capital invested in real estate property. ...

Brick Masonry

Method of constructing a brick, block, or stone wall using mortar in various overlapping patterns. The brick pattern is extremely important in terms o ...

Transfer

Changing property ownership. An example is the sale of a home to another. ...

Binder

(1) Temporary and symbolic payment showing good faith and obligating two or more individuals until a final transaction takes place. The binder is typi ...

Popular Real Estate FAQ

What Is An Appreciation?

Changes in the market conditions, or improvements to the property that increase the value of the property. ...

What Is A Default?

A default is when a person fails to make payments on a loan. ...

What Is A Treasury Index?

A treasury index is an index used to determine interest-rate changes for certain adjustable-rate mortgages (ARMs). This index is based on the results ...

What Is A Contingency?

A contingency is a provision included in a sales contract stating that certain events must occur or certain conditions must be met before the contract ...