Which entity maintains a national registry of state certified and licensed appraisers who are eligible to perform appraisals in federally related transactions?

Which entity maintains a national registry of state certified and licensed appraisers who are eligible to perform appraisals in federally related transactions?

• A. Appraisal Foundation
• B. Federal Housing Administration
• C. State Appraisal Board
• D. Appraisal Subcommittee

Answer: (D)

The Appraisal Subcommittee maintains the national registry of state certified and licensed appraisers eligible to perform federally related transactions. Created under FIRREA, the ASC oversees state appraisal regulatory programs and runs the National Registry, which lists those who hold valid state licenses or certifications and are authorized to appraise in federally related transactions. This centralized registry lets lenders and federal agencies verify eligibility and track licensing status across all states. The Appraisal Foundation develops standards and qualifications, but does not run the national registry. The Federal Housing Administration relies on the registry for compliance but does not maintain it. State Appraisal Boards license and regulate appraisers within each state, but they don’t maintain the nationwide database.

The Appraisal Subcommittee maintains the national registry of state certified and licensed appraisers eligible to perform federally related transactions. Created under FIRREA, the ASC oversees state appraisal regulatory programs and runs the National Registry, which lists those who hold valid state licenses or certifications and are authorized to appraise in federally related transactions. This centralized registry lets lenders and federal agencies verify eligibility and track licensing status across all states. The Appraisal Foundation develops standards and qualifications, but does not run the national registry. The Federal Housing Administration relies on the registry for compliance but does not maintain it. State Appraisal Boards license and regulate appraisers within each state, but they don’t maintain the nationwide database.