Which of the following is NOT a responsibility of the Appraisal Subcommittee (ASC)?

Study for the McKissock 15hr National USPAP Test. Use flashcards and multiple-choice questions with hints and explanations. Get ahead in your appraisal career!

Multiple Choice

Which of the following is NOT a responsibility of the Appraisal Subcommittee (ASC)?

Explanation:
The ASC’s role is regulatory oversight of state appraisal programs. It provides guidance and oversight to state licensing and registration programs, and it maintains the National Registry of appraisers to ensure those records are accurate and accessible. It also oversees how states implement Title XI to promote consistent, credible appraisal practices across the profession. What the ASC does not do is write, interpret, or amend USPAP. Those standards are created and revised by the Appraisal Standards Board of the Appraisal Foundation. So the statement describing writing, interpreting, and amending USPAP is not a responsibility of the ASC.

The ASC’s role is regulatory oversight of state appraisal programs. It provides guidance and oversight to state licensing and registration programs, and it maintains the National Registry of appraisers to ensure those records are accurate and accessible. It also oversees how states implement Title XI to promote consistent, credible appraisal practices across the profession. What the ASC does not do is write, interpret, or amend USPAP. Those standards are created and revised by the Appraisal Standards Board of the Appraisal Foundation. So the statement describing writing, interpreting, and amending USPAP is not a responsibility of the ASC.

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