Commercial Real Estate Organizations Key Terms

Familiarize yourself with the key terms for commercial real estate organizations
By Howard Robertson A commercial real estate organization provides various opportunities for its members, and other professionals from the real estate industry, to share their expertise and increase their knowledge. Various professionals, like real estate inspectors, brokers and agents, can be a part of such organization.

This guide will familiarize you with various terms related to commercial real estate organizations that you will hear from professionals in the real estate industry. This guide provides description for various key terms, such as CRE, NAR, real estate inspectors and agents.

CRE (Counselors of Real Estate)

The CRE is an organization for real estate advisors who provide guidance for a client or employer. This organization serves as an information resource for its members by offering a platform for professional development, knowledge sharing and networking.
Try:  For detailed information about this association and its working, you can browse through The Counselors of Real Estate.

NAR (National Association of Realtors)

The NAR is an organization that helps its members become more successful by imparting knowledge about the latest technologies in the form of seminars and workshops.
Try:  Learn more about this association at NATIONAL ASSOCIATION of REALTORS.

Real estate inspectors

A real estate inspector has the license to inspect commercial and/ or residential real estate properties and issue a certificate regarding the condition of the property. Standards and codes of ethics bind these real estate inspectors. If you intend to buy a commercial property, you must get the inspection done through a qualified real estate inspector.
Try:  For the definition of a real estate inspector, read through the glossary at Homes-and-real-estate.com, a useful resource on home ownership.

Real estate agents

A real estate agent is an individual who is licensed in a particular state to sell property for a commission.
Try:  You can get the definition of a real estate agent at RealEstateAgent.com.

Real estate brokers

A real estate broker is an individual who has passed the broker's exam after practicing as an agent for a few years.
Try:  To understand the meaning of the term real estate broker, read through the glossary at Guidance Corporate Realty Advisors. Additionally, you can refer to wiseGEEK for information regarding real estate brokers.

Real estate appraisers

The task of a real estate appraiser is to determine the market value of property or land. Today, in most states, a real estate appraiser must be licensed or certified.
Try:  To learn more about real estate appraisers and their license requirements, you can refer to Online Education.