Episode 067 – The Appraiser is Unbiased, Until the Dog Bites Him Bias in the appraisal world is a hot topic right now. In this episode, Brian talks about where a legal form of bias might come into the appraisal process and how you can handle it. SHOW NOTES 00:55 – This episode is not about illegal bias and a future episode will include racial bias with a group of people. 03:00 – Bias does come into the appraisal process even outside of fair housing issue. 03:22 – USPAP states the appraiser must be unbiased as we are not an advocate for any transaction or a party in the transaction. 04:32 – By law cannot be biased based up Fair Housing concerns. 05:12 – There is some bias that is inherent in the appraisal process. Bias exists everywhere in our world in all things. 06:05 – Conscious bias. Value range sets up bias. We have to estimate the value of the property within the adjusted value range. 07:09 – Unconscious bias. Comp selection. What draws the appraiser to choose the comparables they ultimately select for their report. 08:36 – Adjustments have unconscious bias. 09:40 – Humans have bias in general and prone to persuasion. 12:30 – Dog bites tend to leave the appraiser with a bad taste in their mouth about the property. 14:10 – Comparable selection will likely be different between appraisers. Based upon objective criteria, but still looking at details that help us make a final decision on the comparables we select. 15:10 – Appraisal must conform to underwriting guidelines. Comparables are selected to "sell" the appraisal report to the lender's underwriter. 16:35 – Adjustments are hard to substantiate. There is not a book on the adjustment. Are there things that make the property weird? SHOW LINKS USPAP - https://www.appraisalfoundation.org/imis/taf/standards/q_as/taf/qas.aspx Conscious vs. Unconscious Bias - https://unleashpotential.ie/conscious-and-unconscious-bias/ BETWEEN THE LINES LINKS Email brian@brianclee.com Web brianclee.com Facebook https://www.facebook.com/groups/realestatebetweenthelines/ https://www.facebook.com/Brian-C-Lee-111822417027919/? YouTube https://www.youtube.com/channel/UCcv4dHU39-b5_QVVCIhbcBA?