Industry Standards

Code of Ethics
A Code of Ethics in real estate is a set of guidelines designed to establish fair practice behavior between agents, clients, and other parties in the real estate transaction process.
IDRC I
IDRC (Industrial Development Research Council) was an organization focused on industrial real estate development and research, which has now merged with CoreNet Global.
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.
National Apartment Association (NAA)
The National Apartment Association (NAA) is a trusted organization that advocates for the rental housing industry, providing services, education, and standards for industry professionals.
Open Standards Consortium for Real Estate (OSCRE)
The Open Standards Consortium for Real Estate (OSCRE) is a not-for-profit, membership-funded, neutral consortium that facilitates collaboration on standardized data exchange in the real estate industry.
Real Estate Board
A real estate board, also known as a Board of Realtors®, is an organization established for professionals within the real estate industry to provide support, education, and networking opportunities.
Scope of Work
The Scope of Work is a detailed explanation of the work program undertaken to conduct an appraisal assignment, outlining the research and methods used. It is required by the Uniform Standards of Professional Appraisal Practice (USPAP).

Real Estate Lexicon

With over 3,000 definitions (and 30,000 Quizes!), our Lexicon of Real Estate Terms equips buyers, sellers, and professionals with the knowledge needed to thrive in the real estate market. Empower your journey today!

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