New class tackles bias, diversity in real estate appraisal industry

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A new pilot program at American University is trying to diversify the real estate industry and tackle appraisal bias.

What a home is worth, though, often comes down to what an appraiser decides it is.

Ericka Simmons is an appraiser and one of the few Black women who is a member of The Appraisal Institute, the country's largest association of real estate appraisers. She said Duffy's experience is not surprising.Becoming a real estate appraiser often requires finding one that will take on a trainee.

"There are these things that exist that I hope that this class helps to weed out in all facets of real estate," Simmons said.

 

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