Which of the following is NOT one of the five recognized appraisal designations offered by the IAAO?

The correct answer is D, as CPA is not one of the five recognized appraisal designations offered by the International Association of Assessing Officers (IAAO). The IAAO does provide specific designations that denote professional expertise in assessment and appraisal processes.

The other designations mentioned—CAE, AAS, and PPS—are well-established credentials within the IAAO framework. The Chief Assessment Executive (CAE) designation is aimed at professionals leading assessment agencies, the Accredited Assessment Specialist (AAS) designation serves those with a committed interest in assessment practices, and the Personal Property Specialist (PPS) designation is focused on the specialization in personal property appraisal.

In contrast, CPA, which typically stands for Certified Public Accountant, relates to the accounting profession and does not align with the IAAO's objectives related to property assessment. Thus, the identification of CPA as not fitting the list reflects an understanding of the specialized nature of these credentials and their relevance within the appraisal field.