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    Valuation Bias: The Invisible Fence of Racial Discrimination

    Register
    On Demand
    Date
    On Demand
    Location
    Sponsor
    Appraisal Institute
    Instructor
    Craig M. Harrington, SRA, AI-RRS
    Class Time
    5 hours
    Full Price
    $100.00
    AI Price
    $85.00
    Course Description
    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.
    Who Should Enroll
    Residential and general appraisers
    AI CE Points
    Attend:
    25
    State Approvals
    State QE/CE Course & Exam Course Only Exam Only Delivery Format Approval Format Start Date Expire Date State Code
    AK CE 5 5 Online Online 12/05/2023 11/08/2026 19750
    AL CE 5 5 Online Online 01/11/2024 09/30/2024 C02884
    AR CE 5 5 Online Online 12/04/2023 12/05/2025 AI115
    AZ CE 5 5 Online Online 11/09/2023 11/08/2026 85797
    CO CE 5 5 Online Online 12/06/2023 12/16/2026 2528
    CT CE 5 5 Online Online 02/14/2024 09/27/2026 AAL.001190
    DC CE 5 5 Online Online 12/20/2023 02/28/2026
    DE CE 5 5 Online Online 11/09/2023 11/08/2026 85797
    HI CE 5 5 Online Online 01/01/2024 12/31/2024 24-115
    IA CE 5 5 Online Online 12/19/2023 09/17/2026 A518-2167
    ID CE 5 5 Online Online 12/04/2023 11/08/2026
    IL CE 5 5 Online Online 12/15/2023 12/31/2024 575.010696
    IN CE 5 5 Online Online 11/09/2023 11/08/2026 85797
    KS CE 5 5 Online Online 01/17/2024 12/31/2024 513.C24.N
    KY CE 5 5 Online Online 02/24/2024 06/30/2024
    LA CE 5 5 Online Online 10/31/2023 09/17/2026
    MA CE 5 5 Online Online 11/29/2023 11/08/2026 120170
    MD CE 5 5 Online Online 11/09/2023 11/08/2026 85797
    ME CE 5 5 Online Online 11/09/2023 11/08/2026 85797
    MN CE 5 5 Online Online 01/09/2024 01/31/2026 1036354
    MO CE 5 5 Online Online 12/13/2023 09/17/2026
    MS CE 5 5 Online Online 01/18/2024 01/18/2026 MAB #50553
    MT CE 5 5 Online Online 12/13/2023 09/17/2026 REA-CEC-REC-17191
    NC CE 5 5 Online Online 01/01/2024 12/31/2024
    ND CE 5 5 Online Online 12/29/2023 11/08/2026 CE-223099
    NE CE 5 5 Online Online 01/25/2024 01/25/2029 2242406.02
    NH CE 5 5 Online Online 12/28/2023 11/08/2026
    NJ CE 5 5 Online Online 01/17/2024 11/08/2026 2024-3000
    NM CE 5 5 Online Online 01/31/2024 09/17/2026 4383
    NV CE 5 5 Online Online 12/07/2023 12/31/2024 CE.0009642-A
    NY CE 5 5 Online Online 01/01/2024 12/31/2024 A5723-05
    OH CE 5 5 Online Online 01/01/2024 12/31/2024 923404312A 24
    OK CE 5 5 Online Online 02/02/2024 11/08/2026 907
    OR CE 5 5 Online Online 01/26/2024 11/08/2026 APIN-C-0124-9019
    PA CE 5 5 Online Online 12/14/2023 11/08/2026
    PR CE 5 5 Online Online 11/09/2023 11/08/2026 85797
    RI CE 5 5 Online Online 11/01/2023 12/16/2026 REA.0002105-CE
    SC CE 5 5 Online Online 01/29/2024 08/31/2024 DE2169
    SD CE 5 5 Online Online 01/24/2024 09/17/2026 SD 1631 CE
    TX CE 5 5 Online Online 02/15/2024 11/08/2026 48627
    UT CE 5 5 Online Online 12/12/2023 12/31/2025 AC231211
    VA CE 5 5 Online Online 11/09/2023 11/08/2026 85797
    WA CE 5 5 Online Online 01/22/2024 09/17/2026 A24001359
    WI CE 5 5 Online Online 11/09/2023 11/08/2026 85797
    WV CE 5 5 Online Online 11/03/2023 12/16/2026
    WY CE 5 5 Online Online 01/25/2024 09/17/2026
    Course Objectives
    • 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.
    Course Details

    Program Overview:

    Introduction (10 minutes)

    Module 1: Valuation Bias – How Did We Get Here? (75 minutes)

    • Module 1 Preview
    • Identification of Terms
    • Historical Perspectives on Bias
    • Structural Bias in Real Estate
    • Participants in the Bias Construct
    • Module 1 Review

    Module 2: Valuation Bias – An Appraiser’s Perspective (75 minutes)

    • Module 2 Preview
    • Two Fundamental Categories of Bias
    • Explicit Bias
    • Implicit Bias
      • Confirmation bias
      • Hindsight bias
      • Self-serving bias
      • Anchoring bias
      • Availability bias
    • Bias and the Valuation Process
    • Module 2 Review

    Module 3: Valuation Bias – The Appraiser’s Ethical Obligations (70 minutes)

    • Module 3 Preview
    • USPAP and Fair Housing Laws
    • Valuation Bias - Supported and Unsupported
    • Communication and Valuation Bias
    • Module 3 Review

    Module 4: Valuation Bias – Managing Solutions (30 minutes)

    • Module 4 Preview
    • Working Toward a Balanced Perspective
    • Closer Look at Guide Note 18
    • Practical Solutions to Valuation Bias
    • Alternative Solutions to Consider
    • Module 4 Review

    Conclusion (5 minutes)

    Assignments:
    No

    Equipment:
    None

    Additional Information:

    Online Course Access

    Go to www.appraisalinstitute.org and log in with the username and password you used when you registered. Click on the red “My Account” button if you are not automatically taken to your account page.
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    Requirements:
    Online Education System Requirements

    Prerequisites
    None
    Pricing Options
    Rate Full Price AI Price
    Standard
    Today thru 12/31/2050
    $100.00 $85.00