What is the function of the Arizona Real Estate Advisory Board?

The function of the Arizona Real Estate Advisory Board is to advise the Arizona Department of Real Estate (ADRE) on rules and policies. This board consists of professionals from various backgrounds within the real estate sector who offer insights and recommendations based on their expertise. Their role is crucial as they help shape the regulatory framework that governs real estate practices in Arizona. By providing informed advice, the board ensures that the rules and policies remain relevant and effective in addressing the needs of the industry and the public.

In contrast, the other options reflect functions that do not align with the board's specific role. Regulating real estate prices is typically outside the scope of advisory boards since pricing dynamics are driven by market forces rather than regulatory intervention. Providing real estate training is a responsibility often associated with educational institutions or training organizations rather than an advisory board. Oversight of property appraisals falls under different regulatory entities that specialize in appraisal standards and practices, not the advisory board itself.