USPAP Practice Exam 2026 – Comprehensive Test Prep

The Appraisal Practices Board (APB) was created in 2010 in response to the growing need for guidance in appraisal practices. The APB was established to address issues that might arise between the development of an appraisal and the reporting of an appraisal, enhancing the overall quality and consistency of appraisals across the industry. Its role includes providing authoritative guidance and best practices to appraisers, which is crucial for maintaining professionalism and integrity in appraisal activities. The establishment of the APB marked a significant step towards improving and standardizing appraisal practices, making 2010 a pivotal year in the field.