As someone deeply immersed in the world of real estate appraisals, I've noticed a significant issue plaguing our industry: a lack of diversity. While this is a complex problem, it boils down to one crucial factor—removing the major obstacle that hinders potential trainees from entering the field.
In a recent event I attended, the topic of diversifying the appraisal industry came up. The discussion revolved around motivating seasoned appraisers to take on trainees and new professionals. The consensus was clear: most of us would only consider this if it made financial sense.
So, what's one potential solution? It's actually quite straightforward. We need to eliminate the requirement for mentors to be physically present during every inspection with their trainees. While some larger companies and organizations have already embraced this flexibility, many still insist on mentors being there in person. This strict rule can deter potential trainees from joining the industry.
I want to emphasize that there is no shortage of people interested in becoming appraisers. Many tech-savvy and forward-thinking individuals, especially younger generations, are eager to participate in our evolving field. The real issue lies with mentors, who are often reluctant to take on trainees due to the existing barriers.
By allowing trainees to conduct inspections independently once they've gained their mentor's trust, we can create a more inviting atmosphere for new talent. This change not only fosters diversity but also addresses the industry's need for fresh perspectives and approaches.
The main takeaway from my perspective is that to encourage diversity and welcome new voices into our profession, we must start by eliminating unnecessary barriers to entry. By making it financially viable and advantageous for mentors to train new appraisers, we can initiate a significant step toward a more diverse and sustainable appraisal industry.
In a rapidly evolving industry, adapting to change is essential, and a more diverse pool of appraisers can help us address the challenges and seize the opportunities ahead. It's time to break down the barriers and create a more inclusive and dynamic appraisal profession.
Check out The Appraiser Coach Podcast for more info on this topic:
782 Creating Diversity in the Appraisal Profession VIDEO AUDIO
