Question

The Appraisal Foundation has three principal boards:

A) Appraisal Oversight Board, Appraisal Qualifications Board, and Appraisal Standards Board.
B) Financial Standards Board, Assessment Board, and Licensing Standards Board.
C) Evaluation Committee, Property Appraisal Division, and Assessment Compliance Board.
D) Appraisal Review Council, Appraisal Ethics Committee, and Property Assessment Board.

Answer 1

The Appraisal Foundation has three principal boards: Appraisal Oversight Board, Appraisal Qualifications Board, and Appraisal Standards Board.

Step-by-step explanation:

The correct answer is A) Appraisal Oversight Board, Appraisal Qualifications Board, and Appraisal Standards Board. These three boards are part of the Appraisal Foundation and play important roles in the appraisal profession. The Appraisal Oversight Board oversees the activities of the other two boards and ensures the integrity and effectiveness of the appraisal regulatory system. The Appraisal Qualifications Board establishes the minimum qualifications and standards for practicing appraisers. The Appraisal Standards Board develops and updates the Uniform Standards of Professional Appraisal Practice (USPAP).