Evening star., 1925-05-30

Several of the party of $50 Wash
lhgton realtors who will go to the
annual convention of the National AS
sociation of Real Estate Boards will
take a prominent part in the orga MIA
tlons gathering at Detroit June %
to 26.
John A. Petty. executive secretary
OF the Washington Board. is sched,
uied for an address on the "Qualifi-
cations for Active Membership in
Teal Estate Boards" William l..
shannon of Washington a director of
the national organiZat ton. will also
take an interest in the convention. and
John Weaver of Washington past
president of the national association.
VIII also take part in the proceedings.
About 5000 persons will attend the
affair.
one of the big topics for discussion
VIII be the utilization of the land re-
sources of cities TO serve the immedi-
ate and future needs of the commune.
tN. Lester A.. Pratt of Washington
VIII also speak
I. L. Wood of Lockwood Greene
& Co, Boston. consulting engineers,
VIII open this discussion. Robert NJ
Romans of Toronto will outline
methods for bringing in new indus
tries.
Ideal Factory Building.
The factors that make an ideal
industrial building will be considered
bN the division, with Detroit build
ing as the practical example. Walter
!. Darden of Detroit will enumerate e
factors which should be looked for in
such a building. Then the division
VIII make a field trip to the building
selected and score it on the points held
essential Fenton Parke of Buffalo
VIII address the division on appraisal !
OF industrial real estate. w. H.
Daum of Los Angeles will speak on
efectfve selling and leasing methods
1or the industrial broker
Accurate appraisal of real estate
as the basis for sound real estate
financing will he an important sub
lect to come before the mortgage and
finance division. Preston NJ Nolan of
chicago will discuss this subject on
the general program. and also before
Inc mortgage and finance division.
John r.. Parsons, Toledo, Ohio, will
open discussion Of comparative con
Struction costs and the outlook for
1925.
F. Graeme Smith of Hartford Conn,
manager of the mortgage loan depart
ment of the Connecticut General Life
Insurance Co, will tell of the indi-
Vidual .'appetiteS'' of insurance com
panies in the making of business
property loans. V. Fl. Day of Tulsa
Okla, will speak on the matter OF
mechanics lien laws, and Will go into
the adviSability of the adoption in
other States of the lien laws now
opera ting in Wisconsin and in Cali.
fornia.
Edwin H. Lndow of Detroit will
l. n Low
of Chicago will talk on the position
of mortgages in the investment field.
with special reference to security pro-
visions and amortization. Frank A.
Chase of Kansas City. manager of the
American Institute of Savings. Build
ing and Loan Association. will talk
on Actual Net Cost to Borrower on
Building and Loan Association Loans" F"
Mortgage Methods.
Results of an investigation by the
mortgage and finance division of
financing methods above the first
mortgage as they are in operation in
the principal cities of the eastern.
central and northwestern sections of
the country will be presented to the
convention by Samuel n. Reep. Min
neapolis, chairman of the divisions
standing committee on second mort
gage operations.
WAYS in which new subdivisions
may be given the benefit of CO.
operatively held golf courses. play
grounds and even country clubs and
private schools will be brought before
the sessions of the home builders and
subdividers' division. H. S. kissell,
president of the Kissell companies,
Springfield. Ohio, will tell of ways in
which such features may be intro
duced. George +. Ford of New York,
president of the National Conference
on City Planning. will speak on city
and metropolitan district planning.
Study the Small Home.
Small-houSe construction will have a
session To itself on the home builders
program. Henry K. Brigham of Bos-
ton will open the subject at this con-
ference. John J. Hurst of Baltimore
will talk on financing the purchaser Of
a small home. The division will utilize
two typical Detroit subdivisions rs its
"Iaborato tory material. Preceding the
field trip Edward Lovely of Detroit
will outline Five Fundamental Prin-
ciples in Developing High grade Sub
L l. &c rl;t