Description: Driving Appraiser Diversity & Growth: The Valligent Appraiser Training Program provides a simple solution to train 100s of new appraisers. Learn more
Driving Appraiser Diversity & Growth
A recent Urban Institute study notes the real estate appraisal profession is one of the nation’s least diverse. Many have linked this lack of diversity to reports of undervaluation and appraisal bias in minority communities.
According to the Bureau of Labor Statistics, more than 90% of all property appraisers are white and over 50 years old. As a result of the lack of diversity, many believe appraiser bias has led to lower valuations for homeowners of color, limiting their ability to access their equity to build generational wealth.