Is an appraiser allowed to base their value opinion on the age of the client?

The principle behind the correct answer is grounded in fair housing laws and antidiscrimination regulations. Appraisers must abide by the Uniform Standards of Professional Appraisal Practice (USPAP), which emphasizes ethical behavior and a commitment to objective and impartial appraisals. Basing a value opinion on the age of a client would constitute a form of discrimination, which is prohibited under various laws, including the Fair Housing Act.

In appraisal practice, value should be determined based on relevant property characteristics and market data, rather than personal characteristics of individuals associated with the transaction. This upholds the integrity of the profession and ensures fairness in real estate transactions. By prioritizing these ethical standards, appraisers contribute to an equitable housing market where all individuals are treated fairly, regardless of personal attributes.