Which entity is responsible for monitoring The Appraisal Foundation?

The Appraisal Subcommittee is the entity responsible for monitoring The Appraisal Foundation. Established by the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, the Appraisal Subcommittee's primary role is to oversee the activities of The Appraisal Foundation as well as the state appraisal regulatory agencies. This oversight includes ensuring that the Foundation adheres to federal regulations and standards that govern appraiser qualifications and practices.

In this context, The Appraisal Foundation itself is a nonprofit organization that sets the standards for appraisers and has various subcommittees and boards, but it is the Appraisal Subcommittee that has the authority to monitor it and ensure compliance with federal laws pertaining to appraising. Other entities listed, such as the Board of Trustees of The Appraisal Foundation, the Department of Housing and Urban Development, and the Federation of Appraisers, have distinct functions and are not tasked with the same monitoring responsibilities.