Counselor Of Real Estate (CRE)
Definition of "Counselor of Real Estate (CRE)"
Designation given to members of the American Society of Real Estate Counselors (ASREC). A prerequisite for membership is professional experience and ethical conduct.
Popular Real Estate Terms
Accruals make up the basis of the accrual accounting method together with deferrals. The accrual method definition explains how the company’s accountant makes modifications for gained ...
Legal competence of parties to be held responsible for the terms of a contract or to be brought into the courts. Those who are under the legal age, are mentally incompetent, or under the ...
Governmental body that reviews property tax assessment procedures. ...
one having physical existence and a life exceeding one year. It is not kept for resale in the ordinary course of business. An example is a building. ...
Contractual provision specifying a dollar amount or rate an individual to the contract must pay for not conforming to its terms. An example is the fee charged for a late mortgage payment. ...
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 ...
How much the rental property is worth. The valuation considers the net income derived from the property and a capitalization rate. ...
Funds that are retained in an account until a certain event occurs. For example, a downpayment on a contract held until full payment is received whereupon the holding funds are credited to ...
The definition of involuntary alienation in real estate is the loss of property through attachment, condemnation, foreclosure, sale for taxes or other involuntary transfer of title. ...
Comments for Counselor Of Real Estate (CRE)
I need guildance on eviction and responsibilities for landlords
Apr 22, 2021 11:07:22Hi Jeffery, we'd love to help. Can you explain your sitation to us in a bit more detail so we can better assist you? Thanks in advance!
May 05, 2021 18:10:08Have a question or comment?
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