Appraisers are bound by the fair housing laws.

Appraisers are bound by the fair housing laws.

• A. True
• B. False
• C. Only if they work for a federally insured lender
• D. Only in certain states

Answer: (A)

Fair housing protections apply to anyone involved in housing transactions, including the appraisal process. The Fair Housing Act prohibits discrimination in the sale or rental of housing and in related services, such as financing and appraisals. When an appraiser provides a value or writes an appraisal report, that service is part of a housing transaction, so discriminating based on race, color, religion, national origin, sex, familial status, or disability would violate the law. Appraisers must base their valuations on objective market data and follow professional standards (USPAP), not on protected characteristics. This obligation exists nationwide, regardless of whether a lender is federally insured or what state you practice in, so the statement is true.

Fair housing protections apply to anyone involved in housing transactions, including the appraisal process. The Fair Housing Act prohibits discrimination in the sale or rental of housing and in related services, such as financing and appraisals. When an appraiser provides a value or writes an appraisal report, that service is part of a housing transaction, so discriminating based on race, color, religion, national origin, sex, familial status, or disability would violate the law. Appraisers must base their valuations on objective market data and follow professional standards (USPAP), not on protected characteristics. This obligation exists nationwide, regardless of whether a lender is federally insured or what state you practice in, so the statement is true.