The National Association of Realtors (NAR) is a professional organization for Realtors, or real estate brokers, agents, and salespersons who are members. The stated mission and goals of the NAR are to:
Help its members be more successful
Advocate for ownership and free transfer of private property Develop standards of conduct, ethics, and professional behavior for its members
Provide research, education,and information to its members, the general public, and the government to promote free enterprise and private property ownership
The National Association of Realtors began in 1908 as the National Association of Real Estate Exchanges (NAREE). In 1916, the name was changed to the National Association of Real Estate Boards (NAREB); the current name was adopted in 1974.
Definition: The National Auctioneers Association (NAA) was founded in 1949 as a national professional organization for real estate and other types of auctioneers. Its self-stated mission is to "promote the auction method of marketing and enhancing the professionalism of its members through education and technology". The main office of the NAA is in Overland Park, Kansas, USA. The organization currently has over 6,000 members around the world, primarily in Canada and the U.S.
Terms, Definitions, and Concepts: Auction, Real Estate
Definition: A federal agency of the United States created in 1935 (as the Soil conservation Service or SCS) to assist private landowners and managers with conservation and protection of soil, water, and other natural resources. The NRCS provides information and consultation services, as well as financial assistance for conservation projects and programs.
Terms, Definitions, and Concepts: Agriculture, Conservation and Sustainability, Forestry, Hydrology, Management, Science, Water
This Long-Range Land Use classification provides commercial areas to serve surrounding residential neighborhoods. Primary uses are those permitted in the B-2 zoning district. Maximum project size in the NC zoning district should be 15 acres.
1. The income or revenue (monetary or non-monetary) earned by an individual or business after the deduction of expenses such as taxes, insurance, losses, etc. Contrast with gross income.
2. The revenue a business or property will earn in a given year's operation, according to the following simplified formula: Net income = Gross income - Expenses
A lease agreement, usually long-term commercial or industrial, in which the tenant (lessee) agrees to pay all or a portion of the property expenses in addition to periodic rent. It is called a net lease because the rent paid is "net" to the lessor.
Abbreviated as "N lease".
A lease agreement, usually long-term commercial or industrial, in which the tenant (lessee) agrees to pay property taxes and insurance in addition to periodic rent, and the landlord (lessor) agrees to pay for property maintenance.
Also known as a double net lease.
Abbreviated as "NN lease".
A lease agreement, usually long-term commercial or industrial, in which the tenant (lessee) agrees to pay all operating and property expenses in addition to periodic rent, including taxes, insurance, maintenance, utilities, and assessments.
Also known as a triple net lease.
Abbreviated as "NNN lease".
An acronym that stands for the National Institute for Occupational Safety and Health. NIOSH-approved first aid kits are the same as kits that are OSHA compliant; however the rules change, so what was compliant last year may not be compliant this year.