South Bend news-times. (South Bend, Ind.) 1913-1938, 1916-02-02
HEAR EXPERT ON
REALTY VALUES
Harry GoIdStine of Chicago
Discusses Field of VaIua-
ton Committee.

Valuations and the duties and poll
cies Of a valuation committee of a
real estate board were discussed by
Harry Goldstine Of Chicago at an
enthusiastic monthly dinner Of the
South Bend Realty board at the Y.
NJ. c. A. Tuesday night. Mr. Gold
slime gave TO south Bends recently
Organized association Of real estate
men helpful hints from the activities
OF the Chicago Realty board Of
which he is a prominent member.
Vernon G. Hastings. vice president
Of the South Bend board. presided at
the dinner. which was staged in
second floor dining room of the as
ISOLATION building. Besides Mr..
GoIdstine. scott Brewer. secretary
Of the national association, and one
Of the prime instigators of the local
organization. addressed the meeting,
Thirty men sat at the banquet ia
bic.
Mr.. Goldstine explained how
valuation committee could be OF
great benefit to civic interests and
how the reputation of the Chicago
board had grown until it was called
in for impartial consultation by raIl~
roads. lawyers. courts and the city
itself.
For Honest Valuation.
The duty Of the valuation commit
tee" explained Mr.. GOldstine, lis 10
give a true valuation of property re-
viewed regardless of owner and re-
eardless OF fee. Too often the real
estate expert who appraises property
finds out what the man who pays
him thinks property is worth ana
then. after a careless review is glad
TO agree with him because of his
compensation.
Examples Of how the Chicago val
uation committee worked were CIV
en-. demonstrated through exhiblts
shown the South Bend men. Com
ing during the early organization eff
forts of the South Bend board, Mr..
Goldstine's talk was most helpful
lie left the exhibits of ADVERTISING
matter. valuation certificates ana
contracts for the use of the local
committee.
Real estate" said Mr.. GOldstine,
"should be appraised at the figure
asked by a man who doesn't have TO
sell, and agreeable to a man VINO
doesn't have TO buy" This state
ment left a deep impression with
the board members who asked It's
repetition following Mr.. Go'dstlne
talk and during a question perlod.
As Aid to a City.
The Chicago realty valuation COM
mittee has been called uDon in many
instances In the recent park tight
involving millions OF dollars the val
uations and reports of the realty
committee were taken as bona fide
by the courts i'm charge of the hear
ings. In the matter of the post OF
flee site. the realty commission was
asked for estimates and valuations
Mr. Brewer in his talk reported on
several meetings held and to be held
i'm Indiana. lie told Of the district
meetings. one of which will be held
in South BEND in March for the thir-
teenth district. which is composed
Of counties i'm the thirteenth con
aressional district He also explain
ed the southern tour to the national
convention of realty men. and urged
the chartering of a special car for
South Bend men and their families.
Name standing Committees.
Following the banquet standing
committees were named for the en-
suing year as follows:
Legislative-Wm. Bergan. George
Beroth. Herman Tohulka. Nalua
tion-Wm. Happ. G.. G. Miller. A. VI.
Kirkley, p. II. Bondurant +. NJ.
Jackson. Membership. J. Clark.
Ed Neddo. Homer Taggart, V. G.
Hastings. &. T.. Smith Arbitration
&C. H. Case. w. b. Calvert. VIM.