Which entity is responsible for ensuring that real estate appraisals are conducted by qualified appraisers who follow USPAP?

The entity responsible for ensuring that real estate appraisals are conducted by qualified appraisers who adhere to the Uniform Standards of Professional Appraisal Practice (USPAP) is the state where the appraiser is licensed or certified. Each state has the authority to establish its own licensing and certification requirements for appraisers, including the enforcement of standards such as USPAP.

State regulatory agencies oversee the licensing process, ensuring that appraisers meet the necessary education, experience, and ethical standards. They also monitor compliance with applicable laws and standards, conducting investigations and imposing disciplinary actions as needed. This state-level oversight plays a crucial role in maintaining the integrity of the appraisal profession and assuring the public that appraisals are performed competently and ethically.

The other options refer to important organizations or bodies related to appraisal standards and training but do not have the same direct regulatory authority as state agencies. For instance, The Appraisal Foundation is vital for establishing the framework of appraisal standards, while the Appraisal Standards Board develops and maintains USPAP. However, it is the states that implement and enforce these standards through licensing and regulatory actions.