The Appraisal Subcommittee is responsible for which of the following?

The Appraisal Subcommittee (ASC) plays a critical role in overseeing and ensuring the effective regulation of real estate appraisers at the federal level. Its primary function includes monitoring state regulatory agencies that are responsible for the licensing and certification of appraisers. This oversight helps maintain consistent standards across states and ensures that state regulatory bodies adhere to federal guidelines.

The ASC does not directly certify or license appraisers, as this responsibility falls to state agencies that establish their own requirements and processes for appraiser certification and licensing. Additionally, while the ASC monitors the Appraisal Foundation, which sets the standards for appraisals and appraisers, it does not have the authority to regulate individual appraisers directly. Its focus is more on the regulatory framework and ensuring compliance with federal laws and standards related to appraisal practice. Thus, the correct choice reflects the ASC's role in overseeing state agencies and the Appraisal Foundation rather than direct involvement in the licensure or certification of appraisers.