Who appoints members to the Appraiser Qualifications Board?

The Appraiser Qualifications Board (AQB) is primarily appointed by the Appraisal Foundation's Board of Trustees. This is crucial because the AQB plays a significant role in establishing the qualifications for appraisers and ensuring that the standards are upheld across the country. The Appraisal Foundation, a not-for-profit organization, oversees the AQB and provides the framework and guidelines necessary for appraising activities. This process reflects a structured approach to governance within the appraisal profession, emphasizing the importance of expert guidance and standardized practices.

While the Appraisal Subcommittee is involved in regulating appraisals at the federal level, particularly concerning federally related transactions, it does not hold the authority to appoint members to the AQB. Instead, the Appraisal Foundation's Board of Trustees carries the responsibility for these appointments, highlighting the distinct roles of different organizations within the appraisal framework.