Who benefits from the establishment of a national registry of appraisers?

The establishment of a national registry of appraisers primarily benefits the general public and consumers of appraisal services because it provides a centralized source of information about the qualifications, experience, and certifications of appraisers. This transparency helps consumers make informed decisions when selecting an appraiser for their property valuation needs. By ensuring that appraisers meet certain standards, the registry enhances consumer confidence in the accuracy and reliability of appraisals, ultimately serving the broader interests of fairness and accountability within the real estate market.

This system of accountability not only protects consumers from potential misconduct or incompetence but also promotes a higher standard of professionalism among appraisers. The general public can access the registry to verify an appraiser’s credentials, which serves as a safeguard against fraud and unethical practices in property transactions.