Refuting the Negative Race Bated Accusations
Appraisers, Tobias J. Peter, Assistant Director, AEI Housing Center Research Fellow, American Enterprise Institute (AEI), has weighed in on all the negative press and faulty ‘studies’ (by both GSE’s and others) that have been promulgated about how appraisers, as a whole, have systemic racism built-in when doing property inspections and appraisal reports.
Faulty Evidence and Misdiagnosed Solutions
Why centralizing appraisal standards and criteria under a new federal agency as proposed under the Fair Appraisal and Inequity Reform Act is not justified
His well-written report, as testimony in a Congressional Hearing, is in this link below. If you can’t or won’t read the entire doc, at least take time to look at the 2 page Executive Summary.
We appraisers are going to be forced to “go down with the ship” unless we start refuting the accusations, and build a pro-active campaign explaining what ‘we’ do in our work. We must inform people why we cannot be racially biased per federal laws, USPAP and the report guidelines and regulations we must follow.
You can do so by sending this AEI report to your Congress people from your state. Ask them to thoroughly read this, and compare it to the original biased reports from others.
If you are a good writer, begin a series of ‘letter to the editor’ of your local paper to inform citizens about what ‘we’ do when conducting our appraisal assignment. Maybe even send any item like that to the major national newspapers.
Also, send this report to Marcia Fudge, the current Secretary of the Housing and Urban Development department in Washington D.C.
And send info to nationally syndicated real estate columnist Peter G. Miller, at firstname.lastname@example.org
If he starts seeing messages from appraisers, maybe he will help the public understand what we do in our work.
The time to quit sitting on thumbs is NOW. Otherwise, we will sink under the weight of all the so-far unproved accusations.