Valuation Bias: The Invisible Fence of Racial Discrimination
Appraisers are trained to use factual data and apply a methodical process when deriving assignment results. While we might not think about racial bias when valuing properties, it is invisibly embedded within our real estate environment. This is true even when an appraiser believes that all people should be treated equally in real estate transactions. This course is intended to help you see how bias concepts developed over time and why it’s important for appraisers to recognize them.
Recognize how historic events of the past impact real estate in the present.Recognize the difference between structural racism and personal bias.Recognize how bias can be inserted into valuation methods and techniques.Recognize bias concepts addressed in professional standards and compare them to racial discriminatory practices in real world settings.Identify and evaluate how to manage solutions to address valuation bias.
