What prompted the ASB to add a Nondiscrimination section to the ETHICS RULE in 2024?

The addition of a Nondiscrimination section to the ETHICS RULE by the Appraisal Standards Board (ASB) in 2024 was primarily driven by increased awareness of fair housing violations. This change reflects a heightened understanding of the social and legal implications of discrimination in the appraisal process. The appraisal profession plays a crucial role in the housing market, and ensuring equitable treatment for all individuals regardless of their race, color, religion, sex, national origin, familial status, or disability is essential for fostering a fair and just society.

The decision to include this section underscores the commitment of the appraisal profession to uphold ethical standards and contribute to preventing discrimination, thereby reinforcing the importance of fair housing principles. This evolution in the ethics rule is a proactive measure to align appraisal practices with contemporary societal values and expectations regarding fairness and equality in housing.