What is one of the functions of the Appraiser Qualifications Board?

The Appraiser Qualifications Board (AQB) plays a vital role in maintaining the integrity and professionalism of the appraisal industry by establishing standards of practice in appraising. These standards help ensure that appraisers operate with a consistent level of quality and adhere to ethical guidelines in their work. By defining the qualifications needed to become an appraiser and the standards they must follow, the AQB aims to enhance the credibility of appraisals and protect the interests of both consumers and the market as a whole.

In contrast, other functions mentioned, such as lobbying for appraisal law reforms or overseeing real estate transactions, fall outside the direct purview of the AQB. Additionally, while consumer complaints are crucial in maintaining industry standards, the AQB itself does not handle these complaints directly; this responsibility typically falls to state-level regulatory agencies or the boards that issue appraiser licenses. The focus of the AQB remains centrally around setting and enforcing educational and professional standards within the appraisal field.