Who is responsible for regulating the appraisal profession in the United States?

The appraisal profession in the United States is regulated primarily at two levels: state and federal. The Appraisal Standards Board (ASB) sets the standards for appraisal practice, specifically through the Uniform Standards of Professional Appraisal Practice (USPAP). However, the enforcement of these standards and the licensing of appraisers is largely managed at the state level by state regulatory agencies.

State regulatory agencies are tasked with the responsibility of licensing, certifying, and regulating appraisers, ensuring compliance with both state laws and federal regulations. This dual system allows for localized oversight while still adhering to national standards, providing a comprehensive regulatory framework for the appraisal profession.

Local governmental bodies do not have a direct role in the overall regulation of the appraisal profession, as their jurisdiction is typically limited to local ordinances and procedures. Similarly, while the federal government influences appraisal regulation through acts and guidelines, it does not regulate the profession directly. Therefore, the combination of state regulatory agencies and the Appraisal Standards Board working together provides the necessary oversight for the appraisal profession in the United States.