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16 Cards in this Set
- Front
- Back
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Accountant
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A person who supervises the keeping of financial records pertaining to properties being managed. Generally more qualified than a bookkeeper.
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Accredited Residential Manager (ARM)
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A property management designation offered by the Institute of Real Estate Management (IREM).
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Accredited Management Organization (AMO)
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A property management designation offered by the Institute of Real Estate Management (IREM) to property management companies that meet prescribed high standards.
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Administrative Assistant
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A position that assists any of the executive or middle management personnel in the achievement of their job objectives.
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Agricultural Land
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Land used for farming purposes including growing crops and raising livestock.
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AH&MA
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The American Hotel and Motel Association the only trade association representing the lodging industry.
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AIDA Formula
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In marketing a formula for writing an ad that is designed to get maximum results. A=Attention I=Interest D=Desire A=Action.
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Airport Hotel
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A lodging accommodation to meet travelers' needs at the beginning or end of a journey. The modern ones include conference rooms fitness centers and restaurants.
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All-Suite Hotel
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A hotel offering full suites to its guests similar to a one-bedroom apartment.
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A.L.T.A.
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American Land Title Association
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A.L.T.A. Owner's Policy
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American Land Title Association policy of extended title insurance
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Abstract of Title
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A full summary of all consecutive grants, conveyances, wills, records and judicial proceedings affecting title to a specific parcel of real estate
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Abstractor
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A person who, historically, searches out anything affecting the title to real property and summarizes the information in the findings
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Acceleration Clause
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A clause in a loan document describing certain events that would cause the entire loan to be due
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Acceptance
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An unqualified agreement to the terms of an offer
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Accession
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The acquisition of title to additional land or to improvements as a result of annexing fixtures or as a result of natural causes such as alluvial deposits along the banks of streams by accretion
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