The National Society of Real Estate Appraisers, Inc. (NSREA), was organized in the state of California in 1956. Our organization has members, most of which are licensed real estate practitioners, in the majority of the larger cities in the U.S.. Many have obtained advanced college or university training and are well known as appraisers in their communities.
Because our membership has worked and lived primarily in urban areas, we are recognized as especially knowledgeable regarding the values of properties in and around such areas. This fact increased the possibility that we would be called upon to aid in the development of activities for improvement in urban areas.
Emphasis on objectivity and the need for intensive study in appraising is a cornerstone of our training programs. Our re-certification program is based on continuing education and peer review. We are required to complete the re-certification program so that our skills are kept up to date. In addition, our standards of ethics and technical competency are among the highest in the industry. We have a working and meaningful relationship with other professional appraisal organizations, creating an atmosphere for the exchange of ideas and procedures.
Our symbols identify appraisers who will render fair and complete valuations, giving full consideration to all factors and circumstances. An appraiser certified by NSREA truly merits your full confidence.
What is an appraiser?
An appraiser develops and reports an opinion of value on a specific type of property. Appraisers may opt to specialize in various disciplines such as:
- Real Property Appraisal: the valuation of real estate. Real Property Appraisers can choose specialty practices such as residential, commercial, or agricultural.
- Personal Property Appraisal: encompasses all types of personal property such as fine and decorative arts, antiques, gems and jewelry, and machinery and equipment.
- Business Valuation: valuing businesses including all tangible and intangible assets ranging from the value of equipment to the value of a business name or logo.
- Mass Appraisal: encompasses techniques that are used when valuing multiple types of real property or personal property using generally recognized formulas.
While most appraisers choose to specialize in just one area of practice, many appraisers practice in more than one discipline.
What skills are required to become an appraiser?
All appraisers must have good analytical skills and work well with numbers. In addition, appraisers spend much time interacting with clients and writing reports, so good oral and written communications skills are a must.
Does the government regulate appraisers?
Currently, the government regulates only real property appraisers. The power of regulation currently rests with the individual states and territories that issue licenses and certifications to real property appraisers. In addition, each individual state appraiser regulatory agency is responsible for disciplining appraisers.
At this time, there are no immediate plans for the regulation of appraisers who specialize in other types of property. To find out more information on how to become a real property appraiser, click here.