What is the main purpose of the Appraiser Qualifications Board (AQB)?

The main purpose of the Appraiser Qualifications Board (AQB) is to establish qualification criteria for appraisers. This involves defining the education, experience, and examination requirements necessary for individuals seeking to become licensed or certified appraisers. The AQB aims to ensure that appraisers meet certain standards of competency to protect consumers and ensure the integrity of the appraisal profession.

By setting these qualifications, the AQB plays a crucial role in maintaining a high level of professionalism and ethical standards within the appraisal industry. This directly impacts the quality of appraisals that consumers rely on for both personal and business decisions.

In contrast, conducting appraisals on behalf of clients is not the AQB's role; rather, it is the responsibility of individual appraisers. Similarly, while the AQB is involved in the development of training and education frameworks, it doesn't directly provide training itself. As for setting standards for appraisal reports, that task is typically handled by other organizations such as the Appraisal Standards Board (ASB), which focuses on the professional practice of appraising. Thus, the establishment of qualification criteria is the key function that defines the AQB's mission.