In real estate, ASB and AQB refer to different guidelines related to the appraisal process, which is the process of determining the value of a property. Here’s a simple breakdown:

ASB (Appraisal Standards Board):

  • Purpose: The ASB sets the rules and guidelines for how appraisals should be conducted.
  • What It Does: It establishes the Uniform Standards of Professional Appraisal Practice (USPAP). These standards ensure that appraisals are performed in a consistent, ethical, and reliable manner.
  • Who Follows It: Appraisers across the United States must follow these standards to ensure that their appraisals are credible and legally compliant.

AQB (Appraiser Qualifications Board):

  • Purpose: The AQB sets the requirements for who can become an appraiser.
  • What It Does: It determines the education, experience, and examination requirements that individuals must meet to become licensed or certified appraisers.
  • Who Follows It: Anyone aspiring to become an appraiser must meet the qualifications set by the AQB.

In Summary:

  • ASB tells appraisers how to do their job.
  • AQB tells people what they need to do to become an appraiser.

These two boards work together to ensure that real estate appraisals are done properly and by qualified individuals.