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2.1.17 Valuation Bias Flashcards 2026

Calypso

Created on February 25, 2026

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Transcript

Question

What discriminatory practice involved directing minority homebuyers to certain neighborhoods to enforce segregation?

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Steering.

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Question

What did the Civil Rights Act of 1866 guarantee regarding property and contracts?

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Equal rights to make and enforce contracts and to purchase, lease, sell, hold, and inherit property regardless of race.

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Question

What does the Fair Housing Act regulate according to the Extended Commentary?

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Conduct, not value outcomes.

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Question

What was the purpose of the PAVE Task Force?

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To establish a framework for unbiased property appraisals and create mechanisms to dispute potentially biased valuations.

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Question

What strengthens professional defensibility in appraisal practice?

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Clearly distinguishing observable market evidence from broader policy discussions and maintaining objective, well-supported analysis.

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