Pennsylvania is tackling racial bias in home appraisal with new tech

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Pennsylvania is tackling racial bias in home appraisal with new tech
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Pennsylvania is poised to adopt a new immersive training technology to create a more equitable home-selling experience in response to the racial bias seen in the appraisal industry. Presented by SiemensUSA ad

The Appraiser Qualifications Board, the national body that sets professional standards for appraiser education and licensing, is aware of the profession's diversity problem. The board's chair, Brad Swinney, told Insider he thought the main issue was the training framework.of experience to sit for a credential exam in residential-real-estate appraisal. Those hours must be completed under the supervision of a licensed appraiser and may be paid or unpaid.

"They take them on; they lose money getting them trained up," Swinney said, adding:"There's a point at which they start to become viable" and get their credential soon after. PAREA programs can involve a variety of training methods, including computer-based learning, video gaming, video tutorials, and virtual reality."It's like a flight simulator for appraisers," Swinney said.show the user in virtual reality measuring a digitally rendered home and entering the measurements on a virtual tablet.

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