Certified Residential Appraiser Practice Exam

Which of the following is NOT a role of the AQB?

1. Establishing appraisal regulations

2. Setting qualifications for appraisers

3. Providing individual appraisals

4. Standardizing education requirements

The correct answer is: Providing individual appraisals

The role of the Appraiser Qualifications Board (AQB) is primarily to establish the framework and guidelines for the credentialing and education of appraisers, rather than performing appraisals themselves. Therefore, the correct answer is indeed that providing individual appraisals is not a function of the AQB. The AQB focuses on regulatory aspects, setting standards for qualifications, and defining educational requirements necessary for appraisers to meet the demands of their profession. In contrast, establishing appraisal regulations, setting qualifications for appraisers, and standardizing education requirements are key responsibilities that help maintain the integrity and professionalism of the appraisal industry. These functions ensure that appraisers are properly trained, qualified, and adhere to set standards and ethical practices. By delineating these responsibilities, the AQB plays a crucial role in enhancing the quality and credibility of appraisals in the real estate market.