Under Title Xl, each state was required to put in place a regulatory system that typically includes a board of five to nine individuals and support staff. The board members are generally appointed by the governor of the state and often include one or more members of the public who are not appraisers. The regulatory agency issues licenses and certificates to individuals who meet the Rea/ Property Appraiser Qualification Criteria established by the Appraiser Qualifications Board (AQB) of The Appraisal Foundation.
The state appraiser regulatory agencies must also investigate and take appropriate action on complaints they receive regarding the actions of appraisers. Although it can vary from state to state, disciplinary action taken against appraisers, such as fines, suspensions or revocation of licenses, is often made public.
