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
The modified accrual method is defined as an alternative accounting method that combines the two basic methods of accounting, the accrual method and the cash method. While the accrual ...
The tenant is forced to leave the premises if he complains about the poor condition of the apartment or office space he has leased. This type of eviction is illegal in many states. ...
Person serving as a property administrator for someone who is incompetent due to a mental or physical deficiency. ...
An asset. The term cost is often used when referring to the valuation of acquired property. When it is used in this sense, a cost is an asset. Concepts of cost and expense are often ...
Government compensation to farmers not to grow products to preserve the land and maintain stable agricultural products. ...
Edifice constructed on the to floor of a building usually occupying less than 1/2 the roof area. A penthouse is used for two purposes; one or more luxury apartments directly accessed by a ...
Organization dedicated to creating and furnishing the most timely and effective advice and direction for the professional management and financing of facilities and services for ...
Home of 1 to 3 stories with stucco outside and a roof made of red tiles. ...
Same as term prospectus: Document that must accompany a new issue of securities for a real estate company or partnership. It includes the same information in the registration statement, ...

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