Real Estate Terminology

appraisal board or appraiser board ^(AmE)

A state agency that oversees the licensing and regulating of real estate appraisers in compliance with federal guidelines. The board assesses appraisal license holders to ensure that they have adequate education and experience and have demonstrated that they are sufficiently competent to provide a quality service in accordance with their specific credentials. See also appraiser.

See also www.appraisalfoundation.org/s_appraisal/doc.asp?CID=21&DID=196

Terms in bold are defined elsewhere in the Encyclopedia