What type of entities does the Appraisal Subcommittee need to maintain a national registry for as mandated by the Dodd-Frank Act of 2010?

The Appraisal Subcommittee is mandated by the Dodd-Frank Act of 2010 to maintain a national registry specifically for appraisal management companies. This requirement was established to enhance regulatory oversight of these entities, which play a crucial role in the appraisal process, especially in the context of mortgage lending and real estate transactions.

By maintaining a national registry, the Appraisal Subcommittee aims to ensure that appraisal management companies are compliant with applicable state laws and regulations. This oversight helps to protect the integrity of the appraisal process by ensuring that these companies are held to standards that can mitigate fraud, ensure fair valuation of properties, and ultimately protect consumers.

Entities such as real estate agents, mortgage lenders, and real estate investment trusts do not fall under the same regulatory framework as appraisal management companies in the context specified by the Dodd-Frank Act. Their roles in the real estate transaction process are different, and thus they do not require this specific national registry maintained by the Appraisal Subcommittee.