Which body conducts the federal proceedings that can result in nonrecognition of a state’s appraiser certifications and licenses for covered federal purposes?
Correct Answer
A) The Appraisal Subcommittee
The ASC conducts statutory proceedings that can result in nonrecognition of a state’s appraiser credentials for covered federal purposes when the required findings and procedures are met. This is distinct from a state board disciplining an individual credential. It is not an automatic consequence imposed by a governor, tax assessor, or the private Foundation.
Why This Is the Correct Answer
The ASC conducts statutory proceedings that can result in nonrecognition of a state’s appraiser credentials for covered federal purposes when the required findings and procedures are met. This is distinct from a state board disciplining an individual credential. It is not an automatic consequence imposed by a governor, tax assessor, or the private Foundation.
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