Experts fear few black real estate professionals could discriminate against home buyers

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RALLEY, North Carolina (WTVD) – The ABC11 data group found racial differences in the state and local real estate markets, identifying very few black appraisers and real estate agents.

Of the more than 7,000 agents in Raleigh alone, roughly 80% are white, according to the latest US Census figures. Only 6% are blacks and 7% are Hispanics.

Census figures show that blacks make up 20% of Wake County’s population. Whites make up almost 68% of the county’s population.

If you’ve recently sold or refinanced a home, you know that appraising it is part of the process.

“Usually when you come, people get nervous sometimes because they feel like they are being judged,” Rodney Moore, a real estate appraiser from Wake Forest, told ABC11.

READ MORE: Frenzied Triangle’s domestic market is among the most competitive in the US

Moore said that sometimes black clients have even greater concerns because they fear their home will be judged by their race, as the vast majority of appraisers are white.

A study of census figures by data group ABC11 found no black appraisers like Moore in North Carolina and almost no triangle in the market.

Moore noted that even where these numbers may be higher, “having only 5% of African Americans as an appraiser in any area where you might have 20 or 30% of the population as African Americans, you can see that this could be the reason behind the problem. “.

READ MORE: Real Estate Agents Program Aims to Increase the Number of Black Homeowners, Agents

Moore is concerned that this could lead to discrimination that could underestimate black property, which could prevent these families from creating intergenerational wealth by owning a home.

“Being a homeowner is really an added benefit because you invest in what you own,” said Sophia Crisp, executive director of Housing Consultants Group in Greensboro. She has been a real estate agent in North Carolina for almost 30 years.

Crisp encourages others to join her field, where there are more African American real estate agents than appraisers.

However, census data show that even real estate agents are underrepresented in the state and in the Triangle.

“Everyone should be able to find someone who is like them in the real estate profession and also as an appraiser,” Crisp said.

In terms of evaluators, Moore said he is training others to bring the number of blacks in his industry closer to the population.

“I think it’s just our responsibility as evaluators to connect and help others, be they minorities, be they other minorities, be they women, people who have not been in the industry,” Moore said.

If you believe you are discriminated against, you need to look at whether you have been provided with information about schools in the area or whether this has been factored into your assessment.

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