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
Same as term Veterans Administration Mortgage: Mortgage guaranteed up to 30 years by the Veterans Administration to veterans meeting minimum requirements. Originally established by the ...
Tenant that stays in the leased property after the expiration date if the lease. He can be evicted or given a new rental agreement. ...
Created by the US Congress in 1965, the Department of Housing and Urban Development (HUD) is the agency principally responsible for federal programs relating to housing and urban ...
Regulatory rules that have to be followed by the organization in conducting its activities. ...
Same as term real estate investment trust (REIT): Type of investment company that invests money in mortgages and various types of investment in real estate, in order to earn profits for ...
Small piece of carpet often placed under a door or at an entrance to a doorway. ...
In real estate, the term "preamble" refers to an introductory statement that outlines the fundamental principles and goals guiding the industry's practices. Specifically, in the National ...
Appearing in person. In propria personal is a formal judicial request to appear personally before the court to plead a particular matter. While it does not prevent an individual from ...
Tax assessed on a transfer of property made without adequate legal consideration. This tax is based on the appraised value of the property at the time of transfer.Also, gifts of property ...

Have a question or comment?
We're here to help.