A Certified Commercial Investment Member (CCIM) is a real estate professional who has obtained a prestigious designation awarded by the CCIM Institute, a commercial real estate affiliate of the National Association of Realtors (NAR). This designation signifies a deep understanding of commercial real estate investment and the practical application of industry principles.
A Certified Residential Appraiser is a professional qualified to appraise residences and up to four units of housing with no limit on the value. This certification requires completion of specific education, experience, and adherence to professional appraisal standards.
A Data Plant comprises compiled statistical information used by appraisers or other real estate professionals to evaluate property values, market trends, and comparable sales data, playing a pivotal role in real estate appraisal and market analysis.
Founded in 1994, the European Real Estate Society (ERES) fosters a structured and permanent network that facilitates collaboration between real estate academics and professionals throughout Europe.
An independent fee appraiser is a professional who estimates the value of a property without any vested interest in the property and is not affiliated with a lending association or investor.
Material participation is a tax term referring to the substantial, continuous, and regular involvement in business operations necessary to qualify for certain tax deductions related to real estate losses.
The National Association of Realtors (NAR) is a prominent trade association in the United States that represents real estate practitioners involved in all aspects of the residential and commercial real estate industries.
NAREIM provides members the opportunity to exchange best practices, share strategic insights, and address challenges in managing real estate investments. The organization focuses on enhancing the expertise and professionalism of its members through various forums, research, and networking opportunities.
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.
The National Association of Real Estate Brokers (NAREB) is an organization mainly comprised of minority real estate salespersons and brokers who are referred to as 'REALTISTS'. The association seeks to enhance the real estate business with a focus on fairness and equal opportunity.
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