Which entity has oversight authority over state appraisal boards?

Which entity has oversight authority over state appraisal boards?

• A. Appraisal Subcommittee
• B. Federal Housing Administration
• C. Securities and Exchange Commission
• D. Department of Housing and Urban Development

Answer: (A)

The Appraisal Subcommittee oversees state appraiser regulatory bodies. Created to ensure consistent, federally monitored standards, it reviews and monitors state regulatory programs for licensing and discipline of appraisers, making sure they meet minimum requirements and properly supervise appraisers. The Federal Housing Administration is a mortgage-insurance program within HUD and does not supervise state appraisal boards. The Securities and Exchange Commission regulates securities markets, not appraisal regulation. The Department of Housing and Urban Development handles housing programs, but oversight of state appraisal boards falls to the Appraisal Subcommittee rather than these agencies.

The Appraisal Subcommittee oversees state appraiser regulatory bodies. Created to ensure consistent, federally monitored standards, it reviews and monitors state regulatory programs for licensing and discipline of appraisers, making sure they meet minimum requirements and properly supervise appraisers.

The Federal Housing Administration is a mortgage-insurance program within HUD and does not supervise state appraisal boards. The Securities and Exchange Commission regulates securities markets, not appraisal regulation. The Department of Housing and Urban Development handles housing programs, but oversight of state appraisal boards falls to the Appraisal Subcommittee rather than these agencies.