Computer-assisted mass appraisals (CAMAs) were first adopted by which group in the 1970s?

The correct answer highlights that assessors were the first group to adopt computer-assisted mass appraisals (CAMAs) in the 1970s. This is significant because assessors are responsible for determining property values for tax purposes, and the introduction of CAMAs represented a pivotal advancement in their methodology.

Before the advent of CAMAs, property assessments were largely manual processes, which were time-consuming and prone to human error. The implementation of CAMAs allowed assessors to utilize technology to process large volumes of data more accurately and efficiently. This technology facilitated a more systematic approach to assessing property values, taking into account various factors and datasets that would have been cumbersome to analyze manually.

In contrast, while appraisers, lenders, and real estate agents play essential roles in the property market, their needs and processes evolved differently and later incorporated technology into their operations. Assessors were at the forefront, leveraging CAMAs to enhance the precision and objectivity of property valuation, which underscores the importance of technology in public taxation systems during that era.