ANSI Standard (American National Standards Institute)
Definition of "ANSI Standard (American National Standards Institute)"
What is the ANSI (American National Standards Institute) Standard?
Before arriving at the definition of ANSI standard, you must know that ANSI stands for The American National Standards Institute founded on October 19, 1918 as a private, not-for-profit organization. This institute creates thousand of guidelines, norms, and definitions that apply in almost any business, including the real estate industry. All the standards and norms are conceived in order to protect the consumers (such as property owners/homeowners) and ensure their safety while also making the products more competitive.
These standards work best when integrated horizontally, in the same industry, and vertically, in interconnected economic sectors. These standards are not mandatory. The definition of an ANSI standard could be the best way someone is expected to do something, for maximum security and durability. The ANSI codes are available for sale on their website.
For example, In April 1996, the American National Standards Institute (ANSI) adopted a standard for measuring single-family residential buildings. ANSI standards have been adopted by most MLS services and real estate agents. When measuring the gross living area, appraisals and real estate agents must know the definition of the gross living area by heart. They must pay attention to finished and unfinished areas, whether rooms or other buildings are connected to the main house or not, and also if the rooms are below grade or above grade.
ANSI codes and standards cover building and demolition, electronic communications, cloud security, lasers, machine safety and many more.
When it comes to construction, there are safety measures that need to be taken for example when working in a confined space, working with electricity, or on a scaffold. The ANSI standards and training are also protecting the workers when applied, although they are not enforced like the OSHA laws.
On April 30, 2013, President Barack Obama signed a proclamation officially designating May as Building Safety Month.
Popular Real Estate Terms
Are you planning on buying a house? If you are, you’re going to love the Buyer's Market definition. But if you are a home seller, you will wish that term never comes up again in your ...
When an owner of real estate dies interstate, having no enforceable will, the property descends, by operation of law, to the owner's inheritors. ...
Commonly, a covenant refers to a legal treaty or agreement between various parties. Explicitly, a stipulation comes into existence and is signed to confine particular financial transactions ...
Used when determining the worth of an annuity that reinvests the amount of recaptured investment at a risk-free interest rate. ...
An estate constrained from some heirs and dedicated to others on the basis of a certain condition. ...
Combination of insurance policies on property with each providing an additional increment of coverage exceeding the limits of the preceding policy. For example, policy A adds $70,000, then ...
Supplementary narrow pathway, such as to a building. ...
Real estate market where supply significantly exceeds demand enabling potential buyers to obtain lower prices and good deals. ...
Glass containing wire support to make it stronger. There is less chance of glass being broken into pieces and hurting people. ...
Have a question or comment?
We're here to help.