Requires four hours of implicit bias training every two years for real estate appraisers.
If passed, this bill would introduce new educational requirements for real estate appraisers, incorporating implicit bias training into their professional development. This could lead to improved practices in the field, helping to reduce discriminatory practices in property valuation and ensuring a more equitable real estate market. The emphasis on ongoing education aligns with broader goals of enhancing accountability and ethical standards within professions impacting public welfare.
Bill S07656 aims to amend the executive law to require real estate appraisers in New York to undergo four hours of training on implicit bias awareness and understanding every two years. This initiative is designed to enhance the professionalism and competency of real estate appraisers, ensuring they are aware of the potential biases that may affect their work. The legislation addresses the growing concern over fairness and equity in real estate transactions, particularly in light of historical disparities in housing and appraisal practices.
One notable point of contention surrounding Bill S07656 could involve concerns around the implementation and enforcement of the training requirements. Questions may arise regarding who will oversee the training programs, what specific content will be included, and how compliance will be monitored. There may also be discussions about the potential costs and burdens on appraisers to meet these new educational mandates, as well as the effectiveness of such training in ultimately curbing implicit bias.