Who appoints the members of the Appraiser Qualifications Board (AQB) and the Appraisal Standards Board (ASB)?

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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

Who appoints the members of the Appraiser Qualifications Board (AQB) and the Appraisal Standards Board (ASB)?

Explanation:
The two boards that shape USPAP—the Appraiser Qualifications Board and the Appraisal Standards Board—are governed by the Appraisal Foundation. It is the Foundation’s Board of Trustees that selects the members for both boards. This governance setup means the appointing authority for AQB and ASB is the Board of Trustees, not the ASC, state regulatory agencies, or the boards themselves. The ASC oversees the Foundation and its activities, but it does not appoint the AQB or ASB members.

The two boards that shape USPAP—the Appraiser Qualifications Board and the Appraisal Standards Board—are governed by the Appraisal Foundation. It is the Foundation’s Board of Trustees that selects the members for both boards. This governance setup means the appointing authority for AQB and ASB is the Board of Trustees, not the ASC, state regulatory agencies, or the boards themselves. The ASC oversees the Foundation and its activities, but it does not appoint the AQB or ASB members.

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