Massachusetts Board of Real Estate Appraisers

What Massachusetts Board of Real Estate Appraisers does

The Massachusetts Board of Real Estate Appraisers (MBREA) is a nonprofit professional membership association founded in 1934 that serves licensed, certified, and trainee real estate appraisers across the six New England states (Massachusetts, Connecticut, Maine, New Hampshire, Rhode Island, and Vermont). Incorporated under Massachusetts General Law Chapter 180 with 501(c)(6) tax-exempt status, MBREA delivers its core product portfolio through three streams: tiered membership (Designated $320/year, Associate $295/year, Trainee $95/year, Affiliate $220/year, Senior $35/year, and AMC $500/year), education and events (classroom pre-licensing courses, continuing education seminars, USPAP courses, and commercial valuation case studies priced $184-$245), and sponsorships (Gold and Silver tier corporate partners including Herbert H. Landy Insurance, HMDR&S, and Valcre).

The underlying technology stack is built on outsourced partnerships rather than proprietary infrastructure. Membership records, renewals, event registration, and communications run on Naylor Association Management Software, while online qualifying and continuing education are delivered through McKissock Learning's platform, with members receiving a 5% discount. Live-streamed seminars use Zoom, and the Find an Appraiser directory provides a public, radius-searchable marketplace. MBREA also grants two professional designations — MRA (General) and RA (Residential) — that require specified education, experience, and examination, and operates member-only services including a forum, weekly newsletter, job postings board, and the Appraisal Hall of Fame.

Revenue mechanics combine recurring subscription income (annual membership dues, AMC memberships), transactional course and event fees (one-time/perpetual licensing per seminar or online course), and sponsorship/advertising streams. The organization is governed by an elected Board of Trustees of 7-17 members led by President Nicholas Bono, with Stephen Sousa serving as Executive Vice President. MBREA was the first state appraisal association named a sponsor of The Appraisal Foundation and continues as an initial Partner, providing it with structural influence over USPAP standards development. Day-to-day operations are supported by a very small staff (1-10 employees).

Name

Massachusetts Board of Real Estate Appraisers

Legal name

Massachusetts Board of Real Estate Appraisers, Inc.

Website

https://mbrea.org

Company type

Private

Founded year

1934

Operating status

Operating

Headcount range

1–10 employees

Short description

Massachusetts Board of Real Estate Appraisers (MBREA) is a 1934-founded nonprofit professional association serving licensed and trainee real estate appraisers across New England through tiered membership, state-approved education courses, professional designations (MRA/RA), and advocacy.

Ownership category

akta.pro rank

Headquarters

HQ city

Boston

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Membership Dues: Annual membership dues from five categories: Designated ($320/year), Associate ($295/year or $24.58/month), Trainee ($95/year), Affiliate ($220/year), and Senior ($35/year). Appraiser Management Company membership also available at $500/year.
2. Education and Training: Revenue from pre-licensing courses, continuing education seminars, and online courses. Course fees vary by program; members receive 5% discounts. USPAP courses are $189 for members, $229 for non-members.
3. Event Registration: Fees for seminars and events including the Refresher Seminar ($195 members, $245 non-members) and Commercial Valuation Case Studies ($184 members, $214 others).
4. Sponsorship and Advertising: Sponsorship revenue from partners including Herbert H. Landy Insurance Agency (Gold), HMDR&S PC (Silver), and Valcre (Silver). Advertising rates available for MBREA and MyMBREA websites.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core offering

MBREA is a 501(c)(6) nonprofit professional association founded in 1934 that delivers real estate appraisal education (Basic Appraisal Courses for trainees, the required 7-Hour USPAP continuing education course, commercial valuation case-study seminars, and refresher seminars for experienced appraisers), grants industry-recognized professional designations (MRA/MA-RA and RA), advocates for the appraisal profession at the state level, and provides member services including a public Find an Appraiser directory and a job board to licensed appraisers and affiliated businesses across Massachusetts.

Product overview

The Massachusetts Board of Real Estate Appraisers (MBREA) is a professional association for valuation professionals founded in 1934. The organization operates as a membership-based platform offering education, certification, networking, and professional resources for real estate appraisers. The core product portfolio includes: classroom and online education courses (via partnership with McKissock), professional designations (MRA and RA), a member directory tool, continuing education seminars like USPAP courses and commercial valuation seminars, job postings, and the MBREA Forum for member networking. The organization serves Trainee, Licensed, Certified Residential, and Certified General appraisers across New England states with courses approved in MA, CT, ME, NH, RI, and VT. MBREA also offers multiple membership tiers with annual dues ranging from $95 to $320, and provides government affairs advocacy for the appraisal profession.

Differentiator

Problem solved

Functional benefit

Products and services

• Basic Appraisal Courses (Trainee Package) Qualifying pre-licensure education package designed for individuals entering the real estate appraisal profession and seeking to meet the educational requirements for trainee licensing in Massachusetts.
• 2026-2027 7-Hour USPAP Live Streaming Course Mandatory seven-hour Uniform Standards of Professional Appraisal Practice continuing education course delivered via live streaming for licensed and certified Massachusetts appraisers to satisfy USPAP renewal requirements for the 2026-2027 cycle.
• Commercial Valuation Case Studies & Issues Seminar Advanced seminar examining case studies and current issues in commercial real estate valuation, intended for experienced appraisers seeking specialized commercial competency.
• Refresher Seminar for Experienced Appraisers Continuing education refresher seminar tailored for currently practicing appraisers who need targeted updates on appraisal methodology, standards, and practice issues.
• Appraiser Membership Program Annual individual membership tier (with Appraiser, Spousal, Lifetime, and Student sub-categories) granting licensed and certified Massachusetts appraisers access to member benefits including course discounts, designation eligibility, advocacy representation, and the Find an Appraiser directory listing.
• Affiliate Membership Program Business-tier membership for appraisal management companies, banks, mortgage companies, law firms, attorneys, builders, developers, county managers, and state agencies that want industry affiliation, directory exposure, and networking access with the Massachusetts appraisal community.
• Professional Designations (MRA / MA-RA and RA) Industry-recognized credentials awarded by MBREA — the MA-RA (formerly MRA) Member designation for general appraisers and the RA (Residential Accredited) designation for residential appraisers — that signal professional credibility and adherence to association standards.
• Find an Appraiser Directory Public-facing online directory hosted by MBREA that lists member appraisers and connects consumers, lenders, attorneys, and other parties needing appraisal services with qualified Massachusetts appraisers.

Quantifiable outcome

• Courses approved in 6 New England states
• +2 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Six partnerships are on record, tiered core, flagship and minor.

• McKissock LearningcoreChannel Partner/ Reseller/ Distributor · 1 January 1934MBREA partners with McKissock Learning to provide online qualifying and continuing education for appraisers. MBREA courses are approved across New England states (except NH for some offerings). MBREA members receive a 5% discount on all online education through this partnership.
• The Appraisal FoundationflagshipStrategic or Co-development Partner · 1 January 1934MBREA was the first state appraisal association named a sponsor of The Appraisal Foundation and continues as an initial Partner. This relationship provides influence over USPAP standards and licensing qualifications development.
• Herbert H. Landy Insurance AgencyminorOthersGold sponsor providing professional insurance coverage for appraisers including Professional Liability/E&O, Privacy, Cyber, Crime, Business Owner Plans, Workers Compensation, and Bonds. National leader in insurance for appraisal professionals since 1949.
• HMDR&S, PCminorOthersSilver sponsor - New England defense firm representing licensed professionals and businesses in licensing issues, from acquisition through investigations and adjudicatory hearings.
• Appraisers Political Action CommitteeminorOthersEstablished in 2013 to support Massachusetts candidates for public office who support appraisal-related issues. PAC committee determines recipient support based on candidate positions.
• Naylor Association ManagementcoreTechnology or IntegrationProvides association management software powering MBREA's membership database, website, event registration, and member communications.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• National Association of Independent Fee Appraisers (NAIFA): National fee appraiser association granting the IFA and IFAS designations. Comparable to MBREA in its designation-and-education membership model targeted at independent residential and commercial appraisers.
• Appraisal Institute: The largest national professional association of real estate appraisers, granting the SRA, MAI, AI-GRS, and AI-RRS designations. Directly comparable to MBREA as a membership-based appraiser body that issues credentials, delivers education, and advocates for valuation professionals — only at national scope.
• American Society of Appraisers: International professional organization for appraisers across disciplines (real estate, personal property, machinery). Comparable to MBREA in offering designations, CE, chapter structure, and advocacy; broader scope than MBREA and overlapping member base.

Others

• The Appraisal Foundation: Congressionally authorized body that sets USPAP standards and Appraiser Qualifications Board criteria. MBREA is an "initial Partner" and first state association sponsor; ecosystem counterpart rather than competitor, but materially shapes the regulatory environment MBREA operates in.
• McKissock Learning: MBREA's online education partner for qualifying and continuing education courses. A leading national CE provider for appraisers — comparable as an education delivery partner and adjacent competitor for direct-to-appraiser CE spend.
• Valcre: Commercial real estate appraisal software platform used by over 300 organizations and an MBREA Silver sponsor. Comparable as an ecosystem participant serving MBREA's commercial-designated members and a candidate partner for workflow integration.

Broad incumbents

• CoreLogic: Large data and analytics provider serving mortgage and real estate professionals. Comparable as a broader incumbent in the property valuation data ecosystem that MBREA members and affiliate lenders rely on for underwriting inputs.
• National Association of REALTORS (NAR): Largest U.S. trade association for real estate professionals with adjacent membership, education, advocacy, and directory economics. Comparable professional-association business model even though its core members are agents/brokers rather than appraisers.

Regional players

• California Association of Real Estate Appraisers (CAREA): State-level appraisal membership organization serving California. Closest analogue to MBREA in form (membership tiers, education, advocacy) but operating on the West Coast and not directly competing in New England.
• Massachusetts Association of REALTORS (MAR): State-level REALTOR association in Massachusetts sharing MBREA's Boston footprint and New England reach. Comparable professional-association structure and event/sponsorship economics; distinct member base of agents rather than appraisers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Massachusetts Board of Real Estate Appraisers