Why two appraisal standards/qualifications boards?

BVWireIssue #64-2
January 16, 2008

In answer to last week’s question on what urgency, if any, business appraisers may feel toward participation in The Appraisal Foundation’s administration of USPAP, Keith Reynolds, ASA, writes, “Can anyone tell me why we need TWO different Boards: the Appraisal Standards Board (ASB) and the Appraiser Qualifications Board (AQB)?  It would seem to me (and possibly the average person) that ‘standards’ and ‘qualification’ are two sides of the same coin.  Call me crazy,” Reynolds says, “but wouldn't we be able to save a lot of money (and resources) if both functions could be combined under the same organization?  Just a thought... “

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