Which organization maintains the national registry of appraisers eligible to perform federally related appraisals?

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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

Which organization maintains the national registry of appraisers eligible to perform federally related appraisals?

Explanation:
Federally related appraisals require appraisers who meet federal eligibility, and the Appraisal Subcommittee is the body charged with maintaining the national registry of those eligible appraisers. It oversees state appraisal regulatory programs and compiles the list of licensed or certified appraisers who can perform federally related transactions, keeping track of qualifications and any disciplinary actions across states. The Appraisal Foundation creates and endorses appraisal standards and qualifications (like USPAP and AQB criteria) but does not run the national registry. The Federal Trade Commission isn’t responsible for appraisal regulation, and state appraisal boards regulate licensure within their states rather than maintaining the nationwide registry.

Federally related appraisals require appraisers who meet federal eligibility, and the Appraisal Subcommittee is the body charged with maintaining the national registry of those eligible appraisers. It oversees state appraisal regulatory programs and compiles the list of licensed or certified appraisers who can perform federally related transactions, keeping track of qualifications and any disciplinary actions across states. The Appraisal Foundation creates and endorses appraisal standards and qualifications (like USPAP and AQB criteria) but does not run the national registry. The Federal Trade Commission isn’t responsible for appraisal regulation, and state appraisal boards regulate licensure within their states rather than maintaining the nationwide registry.

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