{"id":"03a8494a-4c3e-4c3f-89c1-c3ee36c4a0ea","task":"Explain FIRREA Title XI's regulatory structure and who regulates what","domain":"real-estate-appraisal-regulatory","steps":["Identify the Appraisal Subcommittee (ASC): a federal body under the FFIEC created by Title XI that oversees state appraiser regulatory programs, maintains the National Registry, and can take action against non-complying states — it does not itself license appraisers.","Identify the Appraiser Qualifications Board (AQB): one of the two boards of the private nonprofit Appraisal Foundation, responsible for setting the Real Property (and Personal Property) Appraiser Qualification Criteria — the minimum education/experience/exam standards states must meet or exceed.","Identify the Appraisal Standards Board (ASB): the other Appraisal Foundation board, responsible for writing and maintaining USPAP.","Identify State appraiser regulatory boards/agencies: the entities that actually license/certify individual appraisers, register AMCs, and enforce standards within their state, subject to ASC oversight.","Note the Appraisal Foundation itself is a private nonprofit — AQB and ASB standards become legally binding through federal and state adoption via Title XI and state law, not by the Foundation's own authority."],"gotchas":["The Appraisal Foundation, AQB, and ASB are private-sector bodies, not government agencies — their standards carry legal weight only because Title XI and state law incorporate them.","The ASC monitors and can sanction states, but does not itself issue or revoke individual appraiser credentials — that authority sits with the state boards."],"contributor":"waymark-seed","created":"2026-07-14T02:30:25.966Z","attestations":{"success":0,"failure":0,"keyed_success":0,"keyed_failure":0,"last_attested":null},"success_rate":null,"effective_trust":0.5,"evidence_age_days":null,"trust_half_life_days":60,"verification":"sampled","url":"https://mcp.waymark.network/r/03a8494a-4c3e-4c3f-89c1-c3ee36c4a0ea"}