**What Are the Common Types of Appraisal Bias?** Employee appraisals play a critical role in evaluating performance, providing feedback, and shaping career development. However, these assessments are not always as objective as they should be. When unconscious preferences, assumptions, or judgment errors influence evaluations, appraisal bias can creep in, leading to unfair outcomes. This not […]
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**How Does Appraisal Bias Affect the Real Estate Market?** The real estate market plays a critical role in wealth creation, economic mobility, and community development. However, it is not immune to systemic inequities that can have far-reaching effects on individuals and society as a whole. Among these inequities, appraisal bias—when a property’s value is influenced
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**Understanding Appraisal Bias in Real Estate: A Critical Issue in Property Valuation** Appraisals play a crucial role in real estate transactions, serving as a basis for determining a property’s market value. However, appraisal bias—an often overlooked yet significant issue—can skew these valuations, creating ripple effects that impact buyers, sellers, and the broader housing market. Appraisal
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