Which agency is primarily responsible for the regulation of the appraisal profession in Arizona?

The most appropriate agency responsible for the regulation of the appraisal profession in Arizona is the Arizona Board of Appraisal. This board specifically oversees the licensing, regulation, and professional standards of appraisers in the state. Its primary function includes ensuring that appraisers adhere to the necessary qualifications, standards of conduct, and continuing education requirements, which are vital for maintaining the integrity of the profession.

While the Arizona Real Estate Commission deals with real estate licensing issues and the Arizona Department of Financial Institutions focuses more on financial institutions and mortgages, they do not specifically govern appraisal practices. Similarly, the Federal Housing Administration is a national agency that provides mortgage insurance and oversees housing policies at the federal level but does not directly regulate the appraisal profession within individual states like Arizona. Therefore, the Arizona Board of Appraisal stands as the correct answer, as it directly influences the regulations and practices of appraisers in the state.