Who is responsible for maintaining the National Registry of licensed and certified real property appraisers?

The responsibility for maintaining the National Registry of licensed and certified real property appraisers lies with the Appraisal Subcommittee. This organization operates under the umbrella of the Federal Financial Institutions Examination Council (FFIEC) and is tasked specifically with overseeing the implementation of the laws related to appraisals. Their role includes the establishment and maintenance of the National Registry, which ensures that only qualified individuals are recognized as licensed or certified appraisers to promote consistency and reliability in the appraisal profession across the United States. The Registry serves as a crucial resource for financial institutions, regulatory agencies, and the public.

In contrast, the other options do not hold this specific responsibility. The National Association of Realtors is a trade association that does not oversee licensing. The Department of Real Estate may govern real estate practices at the state level but is not involved in the maintenance of the National Registry for appraisers. Meanwhile, the Federal Appraisal Board is not a recognized entity in the context of appraiser regulation and oversight. Consequently, the Appraisal Subcommittee is clearly the correct answer since it provides essential governance and oversight specific to the appraisal profession.