Which board within The Appraisal Foundation (TAF) is an independent entity?

The Appraisal Practices Board (APB) serves as an independent entity within The Appraisal Foundation (TAF) because it operates to address the need for specific guidance on appraisal practices. Its primary role is to identify and disseminate information that provides best practices for appraisers and related professionals. This independence allows the APB to offer guidance on emerging issues and practices in the appraisal world without being influenced by the standards-setting processes of the other boards.

In contrast, the Appraisal Standards Board (ASB) and the Appraisal Qualifications Board (AQB) are involved in standard-setting and qualifications, respectively, and are connected to the regulatory framework of the appraisal profession. The Board of Trustees (BOT) oversees TAF as a whole and supports the operations of all its boards but is not fundamentally independent in the same way as the APB. Understanding the roles of these boards clarifies the independence of the APB in providing neutral and focused practice guidance.