National Society Of Real Estate Appraisers (NSREA)
Definition of "National Society of Real Estate Appraisers (NSREA)"
A professional society which is an affiliate of the National Association of Real Estate Brokers. The purpose of the NSREA is to formulate rules of ethics and professional conduct and enforce these rules to the benefit of its members. It awards the professional designation of " Master Real Estate Appraiser", " Certified Real Estate Appraiser", and " Residential Appraiser" to those who successfully complete a prescribed course of study and final examination. Membership in NSREA consists of five categories. These include Candidate, Member, Junior Member, Senior Member, and Master member. All persons who have successfully passed all qualifying procedures are entitled to use the designation Certified Real Estate Appraiser (CRA).
Popular Real Estate Terms
Unsecured long-term debt. There is no collateral or lien on the property. A debenture can only be issued by a financially sound borrower with an excellent credit rating because no ...
Measurement of investment return that relates current income to the investment cost. Example: Brian Whyke bought a parking lot for $150,000, which generates annual revenue of $90,000, ...
A freehold equity in a n estate, restricted to the duration of the life of the grantee or other stipulated individual. ...
The transfer of a property deed to the original owner upon the satisfaction of a mortgage. A reconveyance is accomplished through a reconveyance deed. For example, upon making the final ...
Examination of the financial records of a business to uncover errors and other irregularities. Involves looking at source documents to determine the legitimacy of transactions. An ...
making land more beautiful to look at by adding improvements such as lawns, trees, and bushes. Increases the value of the property. ...
The fee charged by a governmental jurisdiction to enter in the public record the deed and other documents affecting the title to property at the time of a transaction. ...
Style of home emphasizing symmetry and balance. ...
Drain facility usually underground for waste and water disposal consisting on connected pipes. ...
Have a question or comment?
We're here to help.