Lowballed… It Is Open Season On Appraisers
ABC TV Documentary: Our America: Lowballed
Because this issue was ignored by the appraisal industry, it is open season on appraisers.
Because of the lack of credibility or awareness of the diversity issue that the appraisal industry faces by the two primary appraisal industry organizations, The Appraisal Institute and The Appraisal Foundation, there is no counter that can be presented to this continuing storyline. It’s too late to have our industry review that second report in each of these situations as many appraisers have said.
After all, TAF has fostered an appraisal career process that has resulted in an industry that is 98% white (dead last of 400 tracked jobs) and never had a person of color on any of its boards in its more than three-decade history. Only after capitulating to external pressures such as these Housing Notes and other efforts required a change. That included adding one person of color to the AQB and, of course, having a middle-aged white guy lead their diversity initiative.
And AI CEO disbanded their diversity committee around seven years ago, relegating it to a panel in a political move to protect his power within the most white, male organization.
Now it’s too late. The documentary storyline was launched by the 2018 Brookings Institute report that made for good headlines and started the much-needed conversation, yet fundamentally misunderstood what appraisers actually do but fit in perfectly with the stunning lack of diversity within the industry.
Reporter Julian Glover in San Francisco has been all over this issue since the beginning, leveraging local stories into broader coverage. Here’s the trailer for the series that begins on December 2nd.
I get a steady stream of PR pitches after twelve years of blogging. Here’s the PR pitch on this documentary to me:
- Appraisal Reviews for $3 – The Devaluation of Appraisers - January 16, 2024
- FNMA Continued Effort to Get Rid of Appraisers - September 29, 2023
- Beware of Bifurcated Appraisals - August 4, 2023