'Deep structural issues': New report calls for appraisal industry reform, blasts lack of diversity

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A new report released Wednesday by the National Fair Housing Alliance is calling for sweeping reforms in the appraisal industry.

After seeing the story of a Marin City couple lowballed in what they believe was a racially biased appraisal. The Curtis family knew something wasn't right when they also received a low appraisal because both the husband and wife work in real estate.

"When I showed up for a job interview, things changed. All of his enthusiasm was gone and instead of conducting an interview, he just kept telling me 'You're overqualified,' and 'I don't know why you want to become an appraiser.' The interview was very short because he never even invited me to sit," she said.

The Appraisal Institute, the largest association of real estate appraisers in the country, provided the following statement:

 

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