What is the primary role of the Appraiser Qualification Board?

The primary role of the Appraiser Qualification Board is to establish minimum criteria for state-certified appraisers. This involves setting standards for education, examination, experience, and ethical conduct necessary for appraisers to be recognized and practice in their states. By defining these qualifications, the board ensures that appraisers possess the necessary skills and knowledge to perform accurate property valuations, which is critical for maintaining the integrity of the real estate market and protecting consumers.

The other roles presented are either too specific or not within the board's responsibilities. For example, supervising registered trainees is a task typically managed by experienced appraisers or institutions offering appraisal training, rather than the board itself. Additionally, managing real estate transactions falls under the purview of real estate regulatory bodies rather than the Appraiser Qualification Board, while evaluating market trends is more related to appraiser functions or market analysts rather than a primary role of the board.