Pennsylvania is tackling racial bias in home appraisal with new tech

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

Finance Finance Headlines News

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Pennsylvania law firm opens second Texas office in Uptown Dallas’ CrescentPhiladelphia-based law firm Blank Rome LLP is launching a Dallas office with seven lawyers who’ll focus on corporate, real estate and finance issues.
Source: dallasnews - 🏆 18. / 71 Read more »