Evening star., 1923-06-02
VITAL PROBLEMS BEFORE
REALTORS CONVENTION
Gathering at Cleveland Latter Part of
I Month to Draw Leaders of Business
From All Parts of United States.

: Just what is the actual relation be-
tween present housing construction
and housing shortage? Between pro-
jected Industrial expansion and pre-
dictable industrial outlet? Are we
underbuilding, because of labor ard
material cost? Are we overbuilding
with half-tenanted structures and
dehation to come? How can real es-
tate financing be stretched. and how
far should it be stretched, to meet the
new demands?
These are some of the questions
that 5000 representatives of every
branch of real estate interest through
out the United States and Canada will
meet to find a working answer for in
the four-day session of special and
general conferences making up the
annual convention of the National
Association of Real Estate Boards in
Cleveland June 27-30. Assembling.
notably in its sections of industrial
real estate specialists, mortgage and
finance operators and farm land men,
groups of leaders in definite lines of
real estate development never before
brought together for a national SYM
postum. the convention is expected to
be the largest and most constructive
general meeting of real estate men
ever held, and one of the most impor-
tant gatherings of business men to
take place this year.
Many Questions Answered.
Thumping the chest of national real
estate activity, measuring it's pull
monary capacity with reference to
the general expansion Of national
business life. will be made possible
for the conference by compilation of
results of a huge Questionnaire, COW
eringy concrete facts on present real
estate conditions and indications of
future movements in AIS leading
cities of the United States and Can
ada. This compilation of facts, max
ing possible a stethoscopic study in
detail of the general situation on
housing shortage. construction totals,
labor market for building, overbuild-
ing II it exists. rental tendencies,
mortgage money supply. interest
rates. pronounced tendencies in sub
urban! outgrowth and market condi-
tions for residential and business
properties. is now being made by the
national association and will be made
public. together with a scientific
analysis of the meaning of the totals
ascertained, at the opening general
convention session.
Melvin l. Morse of Babson's statis-
tical Organization will present graph
ically the findings of this nation wide
report. Authoritative facts of the
real estate situation so obtained will
be available as basal index for dis
cussions throughout the convention
deliberations.
Matters to be taken up by the con-
vention include the following general
considerations:
The whole general financial situa-
tion with reference to real estate, in
cluding the farm situation nationally.
Public policies. notably the question
of taxation control. license laws and
wise Zoning of cities into residential
and Industrial areas, all of vital i'm
portance to real estate.
Making realty as an asset more
fluid through cooperative selling of
real estate within the membership of
local real estate boards under the
multiple listing plan.
Ethics Discussed.
Questions of business ethics in
volyed in the relations of the real
estate dealer to his client, his fellow
dealers and the general public.
Practical steps that experience has