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Illinois Bill Seeks To Address Appraisal Discrimination

By David Snyder on November 23, 2020
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A bill was introduced in the Illinois state legislature to prohibit discrimination in appraisals.  HB 5862 states that an appraiser or real estate licensee engages in prohibited discrimination “when he or she considers the actual or perceived race, color, religion, or national origin of the owner of the real estate or the residents of the geographic area in which the real estate is located when determining the market value of the real estate.”  If enacted, it would permit civil suit against appraisers for alleged discrimination as well as professional discipline.

  • Posted in:
    Administrative, Real Estate & Construction
  • Blog:
    Eminent Domain and Real Estate Valuation
  • Organization:
    Fox Rothschild LLP
  • Article: View Original Source

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