Which statement best describes the Appraisal Qualifications Board's role?

Which statement best describes the Appraisal Qualifications Board's role?

• A. Maintains the National Registry
• B. Develops USPAP
• C. Sets appraisal fees
• D. Establishes criteria for appraiser qualifications

Answer: (D)

The essential idea is that this board defines who is qualified to become an appraiser. It sets the minimum education, experience, and testing requirements (and often continuing education) that state licensing agencies use to issue licenses and certifications. In other words, it establishes the baseline qualifications for appraisers, creating a uniform standard across the profession. It does not handle the National Registry, which is managed by the Appraiser Subcommittee; it does not develop USPAP (that’s the Appraisal Standards Board); and it does not set appraisal fees.

The essential idea is that this board defines who is qualified to become an appraiser. It sets the minimum education, experience, and testing requirements (and often continuing education) that state licensing agencies use to issue licenses and certifications. In other words, it establishes the baseline qualifications for appraisers, creating a uniform standard across the profession. It does not handle the National Registry, which is managed by the Appraiser Subcommittee; it does not develop USPAP (that’s the Appraisal Standards Board); and it does not set appraisal fees.