Who provides grants to The Appraisal Foundation to support the work of the ASB and AQB?

The Appraisal Subcommittee (ASC) plays a crucial role in supporting the work of both the Appraisal Standards Board (ASB) and the Appraiser Qualifications Board (AQB). As part of its mission to ensure that the appraisal profession operates within a framework that promotes professionalism and ethical practices, the ASC provides grants that enable the ASB to establish standards for appraisal practices and for the AQB to set qualifications for appraisers.

This funding is essential because it helps maintain the integrity and public trust in the appraisal profession, which is critical for various real estate transactions. The grants allow the ASB and AQB to conduct research, develop educational materials, and implement training programs—all aimed at improving appraisal standards and ensuring that appraisers meet rigorous qualifications.

In contrast, other entities such as real estate boards, local government agencies, and educational institutions often have different roles within the real estate ecosystem, such as promoting local real estate markets, providing regulatory oversight, or offering training programs, but they do not specifically provide grants to The Appraisal Foundation for the purposes of supporting the ASB and AQB.