Which entity is responsible for establishing education and experience requirements for licensing and certification of appraisers?

The Appraiser Qualifications Board (AQB) is responsible for establishing education and experience requirements for licensing and certification of appraisers. This entity sets the minimum criteria that appraisers must meet to become licensed or certified, ensuring that all appraisers possess the necessary skills and knowledge to perform their duties competently. The AQB's guidelines ensure uniform standards across the nation, promoting consistency and reliability in the appraisal profession.

The work of the AQB is crucial because it directly influences the quality of appraisal services, helping to maintain public trust in real estate valuations. By setting educational and experience benchmarks, the AQB plays a vital role in ensuring that appraisers have a thorough understanding of the appraisal process, property types, and applicable regulations.

Other entities mentioned have different roles; for example, the Appraisal Practices Board (APB) primarily focuses on developing and disseminating best practices, while the Appraisal Standards Board (ASB) sets the Uniform Standards of Professional Appraisal Practice (USPAP). The Appraisal Subcommittee (ASC) oversees the appraisal industry but does not directly establish the qualifications for appraisers.