All articles

What is the difference between the Foundation’s 3 Boards?Updated 3 months ago

The Appraisal Foundation® (Foundation) has three primary boards, each with distinct responsibilities within the appraisal profession: 

  1. Board of Trustees (BOT): This board governs the Foundation, appointing members and providing financial support and oversight to the other two boards. 
  2. Appraisal Standards Board (ASB): The ASB develops, amends, and interprets the Uniform Standards of Professional Appraisal Practice (USPAP®), which are the generally recognized ethical and performance standards for the appraisal profession in the United States. 
  3. Appraiser Qualifications Board (AQB): The AQB establishes the minimum education, experience, and examination requirements for real property appraisers to obtain state certification.
Was this article helpful?
Yes
No