The Washington times., 1923-05-05
REAL TY STUDY
To BE MADE
UNIFORM
National Association Takes
Steps Toward Standardized
Course Of Education.

A definite step in development
Of real estate education was taken
at a conference held recently IN
the University of Wisconsin. Con-
crete plans were made to establish
q Uniform standard course in real
estate to be conducted throughout
the country.
In the past few years local real
estate boards, in conjunction with
Y. NC. A. schools and other edu-
cational institutions, have con-
Quoted special courses in real es-
tate. 1t was for the purpose OF
standardizing this work that the
recent conference was held.
The National Association of Real
Estate Boards has been active in
developing, through its affiliated
local boards, standard methods and
practices in real estate, and has
adopted a specific code Of ethics
for its members. All this has for
its ultimate goal to raise real estate
work to a professional plane.
With this in mind, it soon be-
came apparent to officials of the
National Association that definite
work must be accomplished along
uure1y educational lines. The edu.
cational courses, therefore, were the
direct result of efforts of national
leaders in the real estate field.
Conference at Madison.
Present at the conference held in
Madison were representatives OF
the Associated Y. NJ. C. A. schools
from several large cities, officials OF
the National Association Of Real
Estate Boards, it's educational COM
mittee and the staff of educators
and experts connected with the
Institute for Research in Land Eco
nomics of the University OF Wis
Consin.
Washington was represented by
John A. Petty, executive secretary
of the Washington Real Estate
Board, member of the educational
committee of the National Associa.
ton of Real Estate Boards. Petty
has for several years conducted q
course in real estate in the local
Y. NJ. c. A. He outlined the SUBJ
jects and presented his course to
the joint conference as tentative
basis for the standardized course.
It was adopted in principal as the
unit course to be recommended to
all real estate boards of the coun-
try. The local course is based on
an elemental analysis of the func.
lions of the real estate business.
with general reference to allied
technical subjects.
One of the serious handicaps that
has been presented in this education
al work is the lack of suitable text
material. Practically no elemental
textbook on real estate is at
present available This difficulty
operation of the Institute of Re-
search in Land Economics.
All accumulated Information and
practical material collected by the
National Association through its
member boards is to be turned
over to experts and educators OF
the Research Institute of the Uni
versity of Wisconsin. They expect
to publish shortly preliminary ele.
mental textbook that can be util-
ized in connection with the present
courses.
Realtor Degree in Plan.
So far these courses have con-
sisted primarily Of lectures on prac.
teal real estate subjects and prob
lens. It is now recommended that
this be enlarged to include certain
other units of education, such as
business organization, commercial
law, economics, craftsmanship, ad.
vertising, etc. This will be a more
comprehensive course requiring
more study periods and extending
over a longer time.
1t is not expected that students
who pursue elemental courses now
offered can qualify or be considered
sufficiently prepared to assume the
obligations of the professional real.
tor. But this work will lead to
higher education in the near future.
"A regular university course lead.
Ing to a degree comparable to law,
accounting, architecture and other
similar professions is the goal all
are working for. When this is &C.
compilshed the graduate realtor
and efficient license laws will tie
up as the definite assurance of
professional service.