The National Society of Real Estate Appraisers, Inc. (NSREA) was organized in the state of California in 1956. There are members in most of the larger cities in the USA, most of which are licensed real estate practitioners. Many have obtained advanced college or university training and are well known as appraisers in their communities. The name was amended in 1958 to The National Society of Real Estate Appraisers.
The NSREA Education Foundation, a not-for-profit 501(c)3 corporation was organized in 1995 to provide real estate educational opportunities for African Americans. As part of the foundationís mandate, a scholarship program was developed. The first scholarship was awarded during the 40th anniversary recertification conference in Houston, TX.