120k views
1 vote
The ________ maintains a national registry of licensed and certified appraisers

a) Appraisal Foundation
b) Uniform Standards Board
c) Appraisal Practices Board
d) Appraisal Qualifications Board

User Vasisualiy
by
7.3k points

1 Answer

6 votes

Final answer:

The Appraisal Foundation maintains a national registry of licensed and certified appraisers. It sets standards and qualifications for real estate appraisers and oversees the Appraisal Standards Board and the Appraisal Qualifications Board.

Step-by-step explanation:

The correct answer to the question “The ________ maintains a national registry of licensed and certified appraisers a) Appraisal Foundation b) Uniform Standards Board c) Appraisal Practices Board d) Appraisal Qualifications Board” is a) Appraisal Foundation. The Appraisal Foundation is the organization responsible for setting the congressionally authorized standards and qualifications for real estate appraisers, and for administering the minimum criteria requirements for state certification and licensing.

The Appraisal Foundation oversees the work of two independent boards: The Appraisal Standards Board (ASB) which develops, interprets, and amends the Uniform Standards of Professional Appraisal Practice (USPAP), and the Appraisal Qualifications Board (AQB) which establishes the minimum education, experience, and examination requirements for real property appraisers to obtain a state certification.

User Slowhand
by
7.8k points