What is the primary purpose of the Appraisal Practices Board?

The primary purpose of the Appraisal Practices Board (APB) is indeed to enhance and improve appraisal practices. This board focuses on providing guidance and developing resources that support appraisers in maintaining high standards of professionalism and accuracy in their work. Its role encompasses identifying best practices and addressing various issues that may arise within the field of appraisal. By doing so, the APB aims to promote consistency and reliability in appraisals, ultimately benefiting clients and stakeholders involved in real estate transactions.

While other options mention important aspects of appraisal, such as ethical guidelines or regulation of standards, they do not encapsulate the broader objective of improving overall appraisal practices. Establishing ethical guidelines or regulatory measures falls under the responsibilities of different entities, whereas the APB specifically emphasizes enhancement and improvement in methods and practices across the appraisal profession. This distinction highlights why the correct answer focuses on the aspect of enhancement.