Community Association Institute (CAI)

Definition of "Community Association Institute (CAI)"

Nilsa Ferrer real estate agent

Written by

Nilsa Ferrerelite badge icon

RE/MAX Realty Partners

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 condominiums, townhouse projects, open space, and other planned communities. Located in Alexandria, VA, and founded in 1973, the CAI has 13,000 members with 7 regional groups, 45 state groups, and 51 local groups. The organization conducts workshops and training seminars, sponsors competitions, and grants the National Community Association of the Year and Research Awards. The CAI publishes the bimonthly association and industry newsletter, CAI news, and the bimonthly journal, Common Ground, which highlights the community association industry. It also publishes the monthly newsletter, Association Law Reporter, which covers court cases, community association legal trends, and current legislation.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Terms

Measure of land representing one square mile. A section equals 640 acres. ...

Generally, a turnaround means a performance improvement. The term applies to various economic fields and real estate too.  What does turnaround mean? After a prolonged recession, a ...

Precalculated tables providing the present values of $1 or an annuity of $1 for different time periods and at different discount rates. ...

Degree of completion or accomplishment such as a home that is 70% completed. Condition of real property. Position of an item. Legal standing such as of a case. ...

An individual appointed by a court to manage the affairs and property of a legally incompetent party. The conservator has full decision-making authority over the affairs of the property in ...

Administering and directing the activities of a real estate brokerage firm to assure they are in compliance with regulations and policies. ...

Single-family dwelling attached to other units by common walls. ...

Financial standing of a debtor as a basis to pay obligations. ...

A property manager is either a person or a company that supervises real estate units’ daily operations. They can either manage individual units or entire buildings, both residential ...

Popular Real Estate Questions