Which board within The Appraisal Foundation has the authority to make revisions to USPAP?

The correct choice is the Appraisal Standards Board (ASB), which is the entity within The Appraisal Foundation responsible for developing, interpreting, and revising the Uniform Standards of Professional Appraisal Practice (USPAP).

The ASB is tasked with ensuring that USPAP reflects current practices and standards in the appraisal profession, which promotes consistency and integrity in the appraisal process. By holding public meetings, reviewing public comments, and considering emerging issues, the board can effectively update the standards as necessary to address the evolving needs of the appraisal industry.

The other boards listed do not hold this specific authority. The Appraisal Subcommittee (ASC) primarily oversees the work of state appraisal regulatory agencies and ensures compliance with federal laws. The Appraisal Credentialing Board (ACB) focuses on the credentialing and accreditation processes within the appraisal profession. The Appraisal Review Board (ARB) typically deals with the review of appraisal work products and does not have the mandate to revise standards. Understanding the distinct roles of each board helps clarify why the ASB is the correct choice for making revisions to USPAP.