If bias is suspected during an appraisal, what should the appraiser do?

Increase your confidence for the National Valuation Bias and Fair Housing Laws Exam. Study with comprehensive questions and explanations. Prepare effectively for success!

Multiple Choice

If bias is suspected during an appraisal, what should the appraiser do?

Explanation:
Bias distorts appraisal results, so when it’s suspected the appraiser should re-examine the data sources and ensure objectivity. This means carefully checking the reliability and relevance of all data—comparable sales, market trends, property characteristics—and applying consistent adjustments using credible sources. If anything looks off, seek additional independent data and recalculate, clearly documenting the rationale to support a fair conclusion. Prolonging the report without making changes, making value adjustments without data support, or collaborating with the client to steer conclusions would undermine integrity and violate appraisal standards.

Bias distorts appraisal results, so when it’s suspected the appraiser should re-examine the data sources and ensure objectivity. This means carefully checking the reliability and relevance of all data—comparable sales, market trends, property characteristics—and applying consistent adjustments using credible sources. If anything looks off, seek additional independent data and recalculate, clearly documenting the rationale to support a fair conclusion. Prolonging the report without making changes, making value adjustments without data support, or collaborating with the client to steer conclusions would undermine integrity and violate appraisal standards.

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