NAR Sends Letter to HUD Asking for Legal Clarification for Appraisal Discrimination

Allegations of appraisal bias have been widespread in the news in recent years, but few cases have resulted in legal clarity. Critical to building education tools for NAR's appraiser-members are the legal precedence and opinions used to create the curriculum.

To this end, NAR's letter to the U.S. Department of Housing and Urban Development (HUD)pdf:

• Recommends that HUD moves forward quickly with its outstanding investigations, and requests that the agency provide legal clarity both in cases where discrimination was found and also in cases where discrimination was not found;
• Provides an NAR summary on how appraisal bias affects REALTORS® (appraisers and agents); and
• Offers academic analysis of the magnitude of the effect of appraisal bias, and emphasizes NAR's efforts to help eliminate it.