In USPAP, bias is defined as a preference or inclination that precludes an appraiser's impartiality, independence, or objectivity. This statement defines bias as what?

Study for the Mckissock 8-hour National Valuation Bias and Fair Housing Laws and Regulations Test. Use comprehensive materials, multiple choice questions, and insightful explanations. Boost your confidence and ace the exam!

Multiple Choice

In USPAP, bias is defined as a preference or inclination that precludes an appraiser's impartiality, independence, or objectivity. This statement defines bias as what?

Explanation:
Bias refers to a predisposition that compromises an appraiser’s ability to be impartial, independent, or objective. The statement is giving the term’s own definition: it names bias as that preference or inclination and, by describing its effect, shows what bias is. Impartiality, independence, and objectivity describe the standards a appraiser must meet, whereas bias is what undermines those standards. So the term being defined is bias.

Bias refers to a predisposition that compromises an appraiser’s ability to be impartial, independent, or objective. The statement is giving the term’s own definition: it names bias as that preference or inclination and, by describing its effect, shows what bias is. Impartiality, independence, and objectivity describe the standards a appraiser must meet, whereas bias is what undermines those standards. So the term being defined is bias.

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