The Washington times., 1923-11-03
MAIL COURSE IN
REAL ESTATE
PLANNED
Educational Program Already
Under Way Is Augmented
by Third Course.

Establishment of an American
Real Estate Institute to prepare
and conduct p correspondence course
IN real estate practice for the
United States and Canada was au.
thorized by the board of directors
Of the National Association of Real
Estate Boards at a meeting with
the advisory board and officers OF
the association just concluded at
Louisville. The meeting was held
October 1924.
Development by real estate men
themselves through their national
organization of q correspondence
course through which men now in
men entering the business may be
given access to authoritative In
formation covering the whole field
step in q threefold plan. .Preced-
ing parts provide for the spread
In schools throughout the United
States and Canada Of q two-year
course in real estate practice al
ready organized, and for the out
lining at q national conference Of
educators and real estate leaders
next month OF liberal four-year
course of college grade for real
estate education in American uni
versities and colleges.
Is Notable Step.
In it's entirety the plan con.
otitutes, officers OF the association
believe, one OF the most notable
steps ever undertaken by q ma
tional business group to put bust
ness, through organization Of it's
body of business knowledge, on
professional plane.
The new American Real Estate
Institute, analogous to the Ameri-,
can Institute of Banking, viii be
carried on as department of the
activities of the National AsSocia-
ton OF Real Estate Boards under
appointed by the associations board
OF directors. H. u. Nelson, ex.
0cutive secretary of the National
Association, win be manager and
director of the institute. An ap-
preparation has been made to cover
the initial expense of preparing
lessons and starting the course.
1t is expected that the institute
WIN be organized and in operation
IN about six or seven months.
A comprehensive program Of ma.
tional activities for the year, In
GLIDING Investigations by the Ma
tional Association and by it's spe.
cialized divisions into real estate
tacts and conditions. the further
ance of legislation in the interests
OF real estate ownership and ..1e
development Of the best real estate
practice nationally was adopted by
the directors. Adoption of this out
hne of undertakings marks the
first time in the history OF real
estate organization that the Ma
tional Association has committed
itself to hew to the line and op-
crate on definite program.
Obligation Definite.
Undertaking Of comprehensive
and definite obligation of service
TO real estate will of necessity en-
tail adequate financing, officers
ct the association point out. PLANS
were completed for putting the
financing of the association on
basis that will enable the bust
ness of the national organization
to be carried on in a businessIike
way.
The special endowment fund un-
der which members We're asked to
loan the association money with
out interest to further business
research will be discontinued, the
directors decided. Money now on
hand will be returned to the donors.
Decision to discontinue the fund
campaign came after careful dis
cussion of the whole endowment
plan.
Other measures approved include:
Licensing own your home EXPOSE
lions and development of q CEN
trail advertising service for licensed
Oxpositions.
Outline Of regular plan for divi-
sion Of responsibilities in handling
future conventions.
Adoption OF amendments to by.
laws to provide smoother function
ing.
Expansion of service of associa.
ton in acquainting public with
work Of realtor.
Wider use Of the realtor emblem
through glass medallions.