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Undivided Partial Interest

An interest in a specific property that is shared by the co-owners; no co-owner may unilaterally convey or encumber any specific part

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AARO - Association of ...

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TAFAC - The Appraisal ...

The Appraisal Foundation Advisory Council (TAFAC) is comprised of 58 not-for-profit organizations or government agencies that are either knowledgeable with respect to the utilization of appraisals in the
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AFM - Accredited Farm Manager

The farm manager is becoming increasingly more critical. An Accredited Farm Manager (AFM) has set themselves apart from the competition by earning an AFM (Accredited Farm Manager) designation from the ASFMRA.
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ASFMRA

American Society of Farm Managers and Rural Appraisers
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Awards Committee

The Awards Committee may select and nominate persons deserving consideration for awards to be presented by the Society. Nominations shall be accompanied by appropriate supporting information. The Committee
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Real Property

The interests, benefits, and rights inherent in the ownership of real estate.

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Appurtenance

Something that has been added or appended to a property and has since become an inherent part of the property; usually passes with the property when title is transferred.

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Estate

A right or interest in property.

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Bundle of Rights

Total range of ownership interests in real property. Examples of rights include: useage or occupancy, right to sell, allowance of others to use or occupy (rent or lease), etc. An owner that possesses all the interests in the bundle of rights has the most complete form of ownership, often termed "fee simple".

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ABA - American Bankers ...

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Accredited

Accredited members of the American Society of Farm Managers and Rural Appraisers hold one or more of the following designations: AFM (Accredited Farm Manager), ARA (Accredited Rural Appraiser), RPRA (Real
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Affiliate

Affiliate - Those who do not meet the requirements for any other membership classification or who are not providing farm and ranch management, agricultural consulting, rural appraisal, and/or appraisal review services on rural property belonging to others for a fee or salary shall be classified as Affiliate. Affiliate membership may be held by an individual or a firm. In the case of a firm, the firm must designate one employee to represent their company for this membership classification. Representation shall be transferred only as detailed in the applicable membership procedure.

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AAC - Accredited Agricultural ...

Consulting is the fastest growing field in agriculture. The role of agricultural consultants is becoming more and more critical as agriculture enters the fast paced era of consolidation, technology, specialization, mergers, and reformation. An Accredited Agricultural Consultant (AAC) trained in the delivery of their consulting expertise to the market and in the management of their consulting business have set themselves apart from the competition by earning an AAC (Accredited Agricultural Consultant) designation.

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Academic

Academic - Persons whose work is primarily educational and who are devoting a major portion of their time working at the college level in agricultural consulting, farm and ranch management, rural appraisal, and/or appraisal review as instructors, researchers, extension workers or administrators and who have held such positions for two or more years.

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Bylaws Committee

The Bylaws Committee has the duty of periodically reviewing the Articles of Incorporation, Code of Ethics, Standards of Professional Practice, Bylaws, and Policies and make recommendations for suggested
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Associate

Associate - Those who do not meet the membership requirements of the Professional or Accredited member classifications shall be classified as Associate members.

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Easement

An interest in real property that conveys use, but not ownership, of a portion of an owner’s property. Access or right of way easements may be acquired by private parties or public utilities. Governments dedicate conservation, open space, and preservation easements.

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Appraisal Review Committee

The Appraisal Review Committee has the duty to review case reports which have been submitted to the Society office by all members who testify in court in cases where another member testifies for the opposing
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Permanent Planting

An organized development of perennial trees, vines, or shrubs that produce fruits or nuts. Often termed "orchard", "vineyard", or "grove", plants are typically placed in consistently spaced rows with plant densities ranging from as few as forty to fifty per acre for large trees to several thousand plants per acre for small vines or bushes. Examples of permanent planting crops commercially grown in the United States are:

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