“Perhaps the greatest challenge facing the appraisal profession now and soon is the sunsetting of careers by baby boomers and their exit from the workforce,” says Johnnie White, CEO of the American Society of Appraisers, in an interview. While this will provide job opportunities for fledgling appraisers, in the short term, “there will be a collective brain drain as these senior experts with decades of experience retire.” White sees professional organizations such as the ASA and International Valuation Standards Council (IVSC) “playing a pivotal role during this transition helping new valuers fill this knowledge gap with professional development, accreditation, advocacy, networking and many other valuable programs, products, and services.” In the interview, he also discusses his other observations as well as his vision for the future of the appraisal profession. The full interview is available if you click here.
‘Brain drain’ is top challenge to appraisal profession, per ASA’s White
BVWireIssue #233-3
February 16, 2022
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