The real estate appraisal industry is undergoing significant transformations driven by technological advancements and evolving regulatory frameworks. Traditional appraisal methods are being supplemented—and in some cases replaced—by tools like Automated Valuation Models (AVMs) and desktop appraisals. These innovations aim to enhance efficiency, reduce human error, and address issues of bias in property valuations.

However, the integration of technology into appraisals raises concerns about the potential devaluation of human expertise.While automation can streamline processes, it cannot fully replicate the nuanced understanding and judgment that experienced appraisers bring to the table. Therefore, a balanced approach that combines technological tools with professional insight is essential for maintaining the integrity and accuracy of property valuations.

Real estate professionals must stay informed about the evolving landscape of appraisals to effectively navigate these changes. This includes understanding the capabilities and limitations of new appraisal technologies, as well as advocating for policies that ensure equitable and accurate valuations. By embracing innovation while upholding professional standards, industry stakeholders can contribute to a more transparent and efficient real estate market.

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Source:
National Association of REALTORS®. (2025, June 12). Appraisals Will Look Very Different in the Near Future—Are You Ready? Retrieved from https://www.nar.realtor/magazine/real-estate-news/appraisals-will-look-very-different-in-the-near-future-are-you-ready