Artificial Intelligence Will Not Replace Appraisers

But appraisers who understand and use it responsibly will replace those who do not.

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Artificial intelligence has officially moved from the magical and mysterious into the mainstream of appraisal practice. Among the most significant forms of artificial intelligence entering the appraisal profession today is computer vision. This technology allows computer models to “see” pictures in ways that once, only human eyes could.

For many appraisers, this will raise understandable questions: How does this technology actually work? What are my obligations under USPAP? And how do I use artificial intelligence without getting in trouble with the state board? 

And of course, many will also ask: If I use this, am I only contributing to the elimination of appraisers? 

The answers point to a simple conclusion: Artificial intelligence does not replace appraisers. It rewards those who understand and use it well.