Analysing the standardisation of appraisal alongside the development of modern real estate markets in the early 20^th century, this article demonstrates that the construction of a racialised proper(tied) economic subjectivity was pivotal for realtors’ ability to secure legitimacy and profit as a burgeoning profession. Appraisal embedded racial logics within real estate markets such that their routine functioning could generate the submarket differentiation necessary for the realisation of class‐monopoly rent. This study’s focus on appraisal before federal redlining addresses key lacunae in the historiography of segregation by foregrounding markets’ historical function as infrastructures that produce and spatialise the social difference crucial for profit in real estate. This article also seeks to inform engagements with contemporary processes of land speculation, commodification, and financialisation shaping US cities by advocating attention to the specific mechanisms that constitute race as a modality for the appropriation of surplus by real estate capital.

中文翻译：

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进入房地产市场：种族与财产价值在20世纪初评估科学中的共同产生

分析鉴定的标准化以及现代化的房地产市场在20月初的发展^日世纪以来，本文证明，建立种族化的，适当的（并列的）经济主观性对于房地产经纪人作为新兴职业确保合法性和利润的能力至关重要。对房地产市场中嵌入的种族逻辑进行评估，以使其日常运作可以产生实现阶级垄断租金所必需的子市场差异化。这项研究的重点是在联邦重新审核之前通过评估市场的历史功能作为基础设施来产生和空间化对房地产利润至关重要的社会差异的基础，从而解决了隔离史上的关键缺陷。本文还旨在为人们参与当代土地投机，商品化，