The Appraisal Blog

The Biden Foundation has established the Property Appraisal and Valuation Equity task force in an effort to " root out bias and discrimination in the appraisal profession."

The USPAP Ethics Rule states:
- must not use or rely on unsupported conclusions relating to characteristics such as race, color, religion, national origin, gender, marital status, familial status, age, receipt of public assistance income, handicap, or an unsupported conclusion that homogeneity of such characteristics is necessary to maximize value;

The appraisal forms also specifically ban race as a consideration in appraisal: 
- Note: Race and the racial composition of the neighborhood are not appraisal factors.
- I did not base, either partially or completely, my analysis and/or opinion of market value in this appraisal report on the race, color, religion, sex, age, marital status, handicap, familial status, or national origin of either the prospective owners or occupants of the subject property or of the present owners or occupants of the properties in the vicinity of the subject property or on any other basis prohibited by law.



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