Fighting Real Estate Appraisal Bias
Real Estate Appraisal Bias occurs when race, ethnicity, gender, sexual orientation, and other personal factors influence how a real estate appraiser determines a property’s market value. Bias from an appraiser usually results in a property’s value being appraised at a lower figure than what it should be and can cause a borrower’s loan to be denied or cause the unsuccessful sale of a homeowner’s property.
Below are resources and information that can help you combat appraisal bias and navigate the appraisal process.Download Flyer
Background: Assembly Bill 948, signed by Governor Newsom in 2021, prohibits appraisals on the basis of any sort of race, color, religion, gender, gender expression, age, national origin, disability, marital status, source of income, sexual orientation, familial status, employment status, or military status.