Certification

American Society of Appraisers (ASA)
The American Society of Appraisers (ASA) is a professional organization for appraisers across various disciplines, providing education, certifications, and resources to enhance appraisal practices.
Appraiser
An appraiser provides a professional opinion on the value of a property. Certification for real estate appraisers in the United States includes CERTIFIED GENERAL APPRAISER and CERTIFIED RESIDENTIAL APPRAISER, among others. Appraisers must fulfill educational, experiential, and examination requirements.
Attest
In the context of real estate, to attest means to witness or certify by observation and signature that an event, action, or document is accurate or true. This often involves verification by a third party, such as notarizing a document or witnessing the signing of a contract.
Certification
Certification in real estate refers to an appraiser's formal attestation of freedom from bias in an appraisal report and the official acknowledgment of one's expertise, often mandated by state regulations.
Council of Real Estate Brokerage Managers (CRB)
The Council of Real Estate Brokerage Managers (CRB) is a professional organization dedicated to providing advanced learning opportunities and fostering the leadership skills of real estate brokerage managers.
Council of Residential Specialists (CRS)
The Council of Residential Specialists (CRS) is an affiliate of the National Association of Realtors (NAR) that offers educational and promotional resources for its members who are primarily involved in real estate sales or brokerage. The organization also offers the Certified Residential Specialist (CRS) designation.
Distinguished Real Estate Instructor (DREI)
The Distinguished Real Estate Instructor (DREI) designation is awarded to exceptional real estate educators who exhibit profound expertise, mastery in teaching techniques, and a dedication to lifelong learning in the real estate industry.
International Association of Assessing Officers (IAAO)
The International Association of Assessing Officers (IAAO) is a professional organization dedicated to promoting excellence in property appraisal, assessment administration, and property tax policy.
Licensing Examination
A licensing examination is a written test administered to prospective real estate brokers or salespersons to determine their ability to represent the public in real estate transactions effectively.
Low-Income Housing (Qualified)
Low-income housing that meets specific criteria and regulations, making it eligible for special tax credits. Stringent guidelines govern tenant qualification, certification, and project financing to ensure compliance with federal and state laws.
National Association of Real Estate Appraisers (NAREA)
The National Association of Real Estate Appraisers (NAREA) is a professional organization dedicated to maintaining high standards in the practice of real estate appraisal. NAREA provides education, certification, and professional support to individuals in the appraisal industry.

Real Estate Lexicon

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