Certified Residential Appraiser Practice Exam

Who approves education courses related to appraiser licensing and certification?

1. TAF

2. Individual states

3. National Association of Realtors

4. Federal Housing Administration

The correct answer is: Individual states

The approval of education courses related to appraiser licensing and certification is primarily the responsibility of individual states. Each state has its own regulatory body that oversees the licensing process for appraisers, ensuring that the education provided meets the specific requirements set forth in state laws and regulations. This ensures that appraisers are properly educated in accordance with the standards applicable in their state and that the courses they complete are relevant and adequately prepare them for the responsibilities they will face in their practice. Each state's regulatory authority carefully evaluates course content, instructors, and delivery methods to ensure they align with both state and federal criteria for appraiser education. Other entities, such as the Appraisal Foundation (TAF) and professional associations, do play a role in establishing foundational standards and guidelines for appraisers, but the specific authority to approve education courses lies within the individual states. The National Association of Realtors and the Federal Housing Administration do not have the regulatory power to approve appraiser education courses, as their focus is on broader real estate practices and housing finance, respectively.