The ______ maintains a National Registry of appraisers.

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Prepare for the McKissock Basic Appraisal Principles Test. Study with comprehensive flashcards and thorough multiple choice questions. Each question offers hints and detailed explanations to enhance your readiness for the certification exam!

Multiple Choice

The ______ maintains a National Registry of appraisers.

Explanation:
The Appraisal Subcommittee maintains the National Registry of appraisers. This registry is part of its role to oversee state appraisal regulators and ensure nationwide consistency, listing individuals who are licensed or certified to perform appraisals for federally related transactions and helping lenders and regulators verify credentials. The other items play different roles: USPAP are the standards for appraisal practice; The Appraisal Foundation is the private nonprofit that oversees the boards responsible for those standards; and the Appraisal Standards Board is the board under that foundation that develops USPAP.

The Appraisal Subcommittee maintains the National Registry of appraisers. This registry is part of its role to oversee state appraisal regulators and ensure nationwide consistency, listing individuals who are licensed or certified to perform appraisals for federally related transactions and helping lenders and regulators verify credentials. The other items play different roles: USPAP are the standards for appraisal practice; The Appraisal Foundation is the private nonprofit that oversees the boards responsible for those standards; and the Appraisal Standards Board is the board under that foundation that develops USPAP.

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