Evening star., 1922-03-11
D. c. REALTORS HIGH
IN APPRAISAL WORK
Committee Sixth in Country,
vaIuing Property TotaIing
S3,683,171.
WOULD AID GOVERNMENT
President of Association Urges
Federal Land Be Appraised
by Experts.

Washington was sixth in the list
OF real estate boards having moro
active appraisal committees last
year, appraising properties valued at
s3,6S3,111, according to an announce
ment by Don D. Goss, director of re-
search for the National Association
of Real Estate Boards, who was In
tine city this week
The appraisal committee of the
local board headed list of several
hundred boards in other cities of the
country in this respect Cleveland
led all other cities, with appraisaIs
totaling s22.5o0.0oo.
Members of the appraisal commit
tee OF the Washington board are:
i Dodge, Clarence F. Donohoe. Arthur
Carr. J. Dallas Grady. William ].
Flather, 3r., and j. Leo kolb. with
John A. Petty, executive secretary of
the board, serving as secretary of
the committee.
Appraisal committees of tie boards
composing the National Association,
valued property worth more than
loO.00O,0OO last year, according to
compilations made by the research
department of the organization.
Business men. companies, corpora
| tions. municipalities and states are
/ more and more making use of real
estate board appraisal committees
when 1t is desired to ascertain the
value of property. Mr.. Goss stated.
competent experienced realtors. Sc
lected by the board because Of their
fitness. examine and study the pro-
, perty in question. As the result of
the committee work, an expert and
unbiased report of property value Is
obtained. Business men may feel Sc
cure in conducting negotiations on
| values established by a board appraisal
committee; he said:
All property purchased by the United
States Housing Corporation during the
war Was appraised and negotiated by
realtor committees accomplishing a
saving of many hundreds of thousands
/ of dollars to the government In
T, this connection President Eiett OF the
| National Association pointed out: :.
When Congress investigated opera
tions growing out of our participation
/ in the world war, realtors were
given a clean bill for their work in
| both the purchase and sale of pro-
per'y for the bureau of housing and
! other government departments. They
directed the expenditures Of many
millions of dollars-their record
shows how many millions they saved
| to the nation.
why should not realtors serve
! their government in times of peace by
the expert handling of all purchases
and sales of real estate? In the past
property bought or sold for the gov
| ernment was influenced. often to the
governments loss. by political favor.
and it all too frequently was bought
at too high a price. sold at too low a
price, or sonnet ines was improperly
| located, or was unsuitable for the
/ purpose for which il was purcha sed
This. obviously. is wrong. The cure
| is the placing of the responsibility in
trained hands-the realtors.
Gen. Dawes of the budget committee
| has proposed that all real estate for
! all government departments should he
| handled by federal real estate board
! This board. I am informed. has all
ready been created. Should il not be
a requirement of the federal real
estate board that all real estate. be-
| fore being purchased or sold by the
government, must be appraised by a
local realtors appraisal committeer