Which of the following is NOT a responsibility of state appraisal regulatory agencies?

State appraisal regulatory agencies play a critical role in overseeing the appraisal profession, and their responsibilities include various aspects to ensure that appraisers operate under established standards and maintain qualifications.

Licensing appraisers is fundamental, as these agencies are responsible for setting the criteria and processes through which appraisers become licensed. This ensures that only qualified individuals can perform appraisals, thereby protecting public interest.

Certifying appraisers is another key responsibility, as it involves verifying that appraisers meet the required qualifications and standards to perform their duties competently. This certification process is vital for maintaining the integrity of the appraisal profession.

Monitoring continuing education is also crucial, given that ongoing education ensures that appraisers stay informed about changes in laws, regulations, and appraisal practices. By enforcing requirements for continuing education, regulatory agencies promote competence and professionalism in the field.

However, setting property values is not a responsibility of state appraisal regulatory agencies. Appraisals are intended to determine the fair market value of properties based on market data and specific property characteristics rather than being dictated by regulatory agencies. This function is typically carried out by individual appraisers based on their analysis and judgment, reflecting current market conditions. Thus, the correct answer identifies the distinction between appraiser oversight and value determination.