What does AQB stand for in the appraisal industry?

In the appraisal industry, AQB stands for the Appraisers Qualifications Board. This organization plays a crucial role in establishing the minimum education, experience, and examination requirements for real property appraisers across the United States. Their main objective is to ensure that appraisers are adequately qualified to perform their duties competently and ethically.

The Appraisers Qualifications Board is part of the Appraisal Foundation, which serves to uphold standards and improve the appraisal profession. By defining qualifications and overseeing the implementation of these standards, the AQB helps maintain the credibility and reliability of appraisal practices, which is vital for public trust and confidence in property valuation. This focus on qualifications ensures that appraisers are equipped to assess properties accurately, reflecting their true value in the market.

Other options do not accurately represent the official name or role of this organization in the appraisal field, emphasizing the importance of understanding the correct terminology and functions associated with professional appraisal standards.