The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-10-13
STARTS
COURSE IN
REALTY
Retiring President of Local
Realty Board Speaks Be-
fore ''Y" Class.

The special course In real estate
being conducted by the z. M. G. 4.
was started the past week with an
Introductory address by Charles s.
Shreve, retiring president Of the
Washington Real Estate Board.
In discussing the need for study
in order to properly qualify for
success in the real estate field, Mr..
Shreve said this was more apparent
today than ever before. This need
for thorough training in the fun.
damentals Of real estate has been
recognized by the National AssUcl.
alton Of Real Estate Boards which
created a special committee on edu.
cation to develop a standard bache'
lor degree course in real estate.
Tells Of Change.
Referring to the change that Is
rapidly taking place In the real
estate business, Mr.. Shreve said:
I'm the past generation, real estate
brokers were but mere caretalers
Of their clients properties. They
collected rents. obtained purchasers
and looked after repairs. The Tos.
sible fruits Of the calling induced
many to enter who were not quail.
fled either mentally or financially.
Gradually leading men In different
localities formed associations, Ike
the Washington Real Estate Board,
for the PRONUNCIATION Of ethics be.
tween brokers and the practice OF
fair dealings with their clients, and
thereby lifted their calling to a
- IT,
ton Of this concentration and co.
National Association Of Real Es.
tate Boards, which body is ever
placing the profession on a higher
level and bringing credit and re.
nown to its members.
Business Different.
Real estate 10 different from
every other commodity in the
world. Because Of its Interchangeable
locality and ita special laws It has
been held to be something real"
in the law az distinguished from
personal property, which IL ever
movable. It is so interwoven with
the political life Of a state that the
extent OF sovereignty extends to
and is guided by its bounds end
not by it's peoples. Il came into
it's own when kings ceased to be
kings OF the Franks and Of the
Anglo-Saxons limited by the num-
Der Of their subjects, and became
kings Of France and Of England.
The development from the city
state to the continental state re-
fleets its influence in real property
ownership. The gradual develop.
nent from the law Of the first oc-
cupant to the law OF succession h@a
placed real property into q science
all its own. And yet men win at.
tempt to handle this valuable, com.
plex and changeable problem With.
out any experience or training.
Petty TO Lecture.
The first scheduled lecture Of the
course was delivered by John A..
Petty, executive secretary Of the
Washington Real Estate Board who
is acting an instructor for the
class. In discussing the subject
of an analysis Of the real estate
business, Mr.. Petty outlined the
basic departments Of real estate
office. their functions and purposes,
and showed the connection that
these departments had with the en-
tire subject Of real estate practice.
The complete outline Of the course
was explained to the class and for.
NAL announcement was made Of the
lecturers scheduled to speak during
the coming season. At the next
meeting Of the class J. r. M. Bowie,
vice president Of II. L. Rust Com
pany, will discuss the subject OF
nr0nePfv YnanaQament