Professional Appraisal Services provides a list of helpful terms and definitions for the real estate professional.
AI Appraisal Institute, the world's leading organization of real estate appraisers.*
Appraisal Foundation, The A non-profit educational organization founded to foster professionalism in appraising through the establishment and promotion through appraisal standards and appraiser qualifications.*
AQB Appraisal Qualifications Board (of The Appraisal Foundation).
ASB Appraisal Standards Board (of The Appraisal Foundation).
FAR Florida Association of Realtors.
FNMA Federal National Mortgage Association. Also called Fannie Mae.
MAI Designation conferred by the Appraisal Institute to appraisers who are experienced in the valuation of all types of real estate (previously referred to as Member, Appraisal Institute).
NAR National Association of Realtors.
SRA Designation conferred by the Appraisal Institute to appraisers who are experienced in the valuation of 1-4 unit residential properties (previously referred to as Senior Residential Appraiser).
St.Cert.Gen.REA State-Certified General Real Estate Appraiser.
St.Cert.Res.REA State-Certified Residential Real Estate Appraiser.
URAR Uniform Residential Appraisal Report.
USPAP Uniform Standards of Professional Practice.
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