What new section was added to the ETHICS RULE in May 2023?

The addition of the nondiscrimination section to the ETHICS RULE in May 2023 addresses the importance of fair treatment and equal opportunity within the appraisal profession. This section emphasizes the commitment of appraisers to provide services in a manner that is free from discrimination based on various protected classes, ensuring that all individuals receive fair and impartial treatment regardless of their background.

This update aligns with broader efforts to promote equality and combat bias in real estate practices. By explicitly incorporating nondiscrimination into the ethics framework, the appraisal profession reinforces its dedication to ethical conduct and upholding the principles of fairness and integrity in the valuation process. This change reflects an evolving awareness of social responsibility and the critical role appraisers play in fostering equitable access to housing and financial opportunities.