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.

Supplies of materials found in nature, such as minerals, water, or coal

A watercourse that is deep and wide enough to accept commercial vessel (boat) traffic. Also known as a navigable waterway.

A watercourse that is deep and wide enough to accept commercial vessel (boat) traffic. Also known as a navigable river.

The investment situation where cash expenditures to maintain an investment (taxes, mortgage payments, maintenance, etc.) exceed the cash income received from the investment

Any written instrument which may be transferred by endorsement or delivery so as to vest legal title in the transferee

The transaction of business aimed at reaching a meeting of minds among the parties; bargaining

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".

The amount of money remaining after deducting operating expenses from gross income.
Used to calculate the cap rate of an income property.

The value remaining after deducting liabilities from assets

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".

The geographical range and habitat a species can or does occupy, and the ecological (functional) role it can or does fulfill in the ecosystem; “what an animal/plant does for a living”

A consideration bearing no relation to the real value of the contract. A deed often recites a nominal consideration, such as ten dollars and other valuable consideration.

A provision in a contract or lease prohibiting a person from operating or controlling a nearby business which would compete with one of the parties to the contract

A watercourse that is either too shallow or too narrow to allow commercial vessel (boat or ship) traffic. Also known as a non-navigable waterway.

A watercourse that is either too shallow or too narrow to allow commercial vessel (boat or ship) traffic. Also known as a non-navigable river.

A permitted land use which was lawfully established and maintained but which no longer conforms to current zoning regulations, due to changes in those regulations or ordinances.

A clause inserted in a mortgage whereby the mortgagee agrees not to terminate the tenancies of lessees who pay their rent if the mortgagee forecloses on the mortgagor-lessor's building

That physical deterioration which occurs in the normal course of the use for which a property is intended, without negligence, carelessness, accident or abuse of the premises (or equipment or chattels) by the occupant, members of household, or their invitees or guests

A document signed by the borrower of a loan, stating the loan amount, the interest rate, the time and method of repayment and the obligation to repay. The note is the evidence of the debt. When secured by a mortgage, it is called a mortgage note.

1. Legal notice is notice which is required to be made by law, or notice which is imparted by operation of law as a result of the possession of property or the recording of documents. 2. Notice which is required by contract, for example, when the parties agree to terminate a contract by the written notice of either party 30 days prior to termination

Document filed to give public notice that a construction job has been completed and that mechanics' liens must be filed within ,say, 45 days to be valid

A notice to a defaulting party that there has been a default, usually providing a grace period in which to cure the default