Glossary of real estate terms used on this site
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| Term | Definition |
|---|---|
| Appraisal Institute |
An organization that officially began operation on January 1, 1991. The Appraisal Institute is the result of a merger of the former American Institute of Real Estate Appraisers (AIREA) and the Society of Real Estate A ppraisers. The surviving designations are the MAI (Member of the Appraisal Institute) and SRA (Senior Residential Appraiser). |
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