How can an appraiser manage potential bias in their evaluations?

An appraiser can effectively manage potential bias in their evaluations by adhering to ethical standards and utilizing objective data. Ethical standards serve as a framework for appraisers, guiding them to maintain professionalism, integrity, and impartiality throughout the appraisal process. This includes adhering to codes of conduct established by organizations such as the Uniform Standards of Professional Appraisal Practice (USPAP).

Using objective data enhances the reliability of the appraisal by grounding evaluations in verifiable facts, such as comparable sales, property features, and market trends. Objective data minimizes the influence of personal opinions or biases that may cloud judgment. By focusing on these ethical principles and factual data, appraisers can produce more accurate, fair, and unbiased assessments, ensuring their evaluations are credible and trusted by stakeholders.