How does the ASB maintain a record of comments received on exposure drafts?

The correct answer reflects the practice of maintaining a permanent record of comments received on exposure drafts to ensure transparency and accountability in the development of the Uniform Standards of Professional Appraisal Practice (USPAP). This approach allows the Appraisal Standards Board (ASB) to have a comprehensive archive of feedback that can be referenced in future deliberations or revisions of standards.

Retaining comments permanently supports the principle of open dialogue and demonstrates the ASB's commitment to considering public input in the rule-making process. It also allows for the evaluation of trends and recurring themes in feedback over time, which can be invaluable for improving standards and addressing concerns raised by practitioners and stakeholders.

In contrast, options that suggest summarizing comments annually or archiving them with limited access would not provide a full context for the feedback over time, nor would they support comprehensive stakeholder engagement. Sharing comments only with selected stakeholders would limit transparency and may undermine trust in the process.