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IDFPR Highlights Recipients of First-of-Their-Kind Scholarships for Aspiring Real Estate Appraisers in Illinois

News Release – Tuesday, November 28, 2023

CHICAGO – The Illinois Department of Financial and Professional Regulation (“IDFPR”) congratulates 34 recipients of scholarships in Illinois from the Appraiser Diversity Initiative (“ADI”). This comes after IDFPR’s Division of Real Estate (“DRE”) hosted its first “How to” Series workshop on November 15 at the Real Estate Institute in Niles, collaborating with ADI on this free event that quickly filled to capacity after registrations opened. This marks the first time ADI (a national partnership between the Appraisal Institute, Fannie Mae, Freddie Mac, and the National Urban League that seeks to attract new entrants to the real estate appraisal field while fostering diversity in the profession) partnered with a state-level appraisal program to award scholarships to professionals seeking to enter the appraisal industry. This new series will help educate people across Illinois about becoming an appraiser in Illinois, with the goal of bringing new entrants into the field from diverse backgrounds and rural communities.

“The people of Illinois are clearly interested in learning more about – and entering – the real estate appraisal industry, and IDFPR looks forward to helping make both happen moving forward,” said IDFPR Secretary Mario Treto Jr. “We congratulate the recipients of these first-of-their-kind scholarships in Illinois and look forward to welcoming many more professionals to this key field in the future.”