Property Valuation
When an appraiser in NJ analyzes a neighborhood for a residential appraisal, they must NOT consider which of the following factors?
AProximity to employment centers
BThe racial or ethnic composition of the neighborhood✓ Correct
CSchool district quality
DDistance to shopping and services
Explanation
Under USPAP and federal fair housing law, appraisers must not consider the racial or ethnic composition of a neighborhood in their analysis. Doing so constitutes appraisal bias and discriminatory practices in violation of law.
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