The Washington times., 1927-11-05
REALTY CLASS
IS OPENED

C.. A., conducted under the auspices
of the Washington Real Estate
Board, opened last Monday night
with a lecture by Roger J. White
ford.
The class was opened by Leonard
w. DeGast, associate secretary Of
the association, who introduced
James P. Schick, executive secre-
tary, who is in charge and who will
conduct and outline the subjects of
the class. Mr.. Schick introduced
Mr.. Whiteford.
The class is the beginning Of a
series of lectures and quizzes based
on standard text books and certif.
Gates will be presented to the sue
cessful graduates. Mr.. Whiteford, In
his lecture, traced the history and
development of real estate from its
earliest inception.
He pointed out that there Is a
distinction between a business and
profession. inasmuch as the practice
of a profession concerned not only
an effort for gain but an effort for
service and achievement to the com.
munity and for the benefit of the
general public. He emphasized that
all persons in the real estate bust
ness should interest themselves not
merely in the single proposition of
making money but to fit themselves
in their line of endeavor, so that they
can render to their clients and 10
the public an intelligent, efficient
and honest service.
Reason For Ownership
The general reason for the owner.
ship of real estate, the speaker de-
clared, is the result of the trend
of development of human society.
Tracing the situation in respect to
real estate today as evolving DE-
rectly from conditions starting
with the ideas and customs Of no.
madic tribes, Mr.. Whiteford pointed
out that when these wandering fam.
lilies of humart; finally settled down
on lands they felt desirable, owner.
ship became known because of &C.
cupancy was regarded as the indi-
cation of ownership.
Later it was felt that the heirs
Of the occupants Of the property
naturally were to be regarded also
as the owners following the death
Of the leaders or relatives. Later.
he pointed out, with the constant
development of the human mind
and customs. the occupant was con-
sidered to have title to the land and
still later the idea of occupancy
was discarded and the theory of title
ownership of land brought about In
various ways, including purchase.
The speaker said that in view Of
the fact that all land is owned by
someone, and that it is used for
varied number of purposes, deals
and transfers Of property are neces-
sary. Mr.. W9iteford pointed out
that the service of the competent
realtor should be on such a high
standing that he should have a
thorough and adequate knowledge
of values and of all the technical.
ties necessary to the conduct of the
real estate business for the protec-
ton of his client and general public.
The speaker said that real estate
men should not occupy such con.
fidential and important position In
the business world without a pro.
per and thorough study and train.
ing of the business and incidents
relative to the proper conduct of
the business. and that those per-
sion should have at heart the full
consideration of the public good.
Additional Responsibility
The responsibility of handling
such transactions Is great. Mr..
whiteford said. The lecturer urged
that in order to properly serve
clients in the community real estate
men should not only study the
technicalities of their profession, but
also closely follow and become
interested in the affairs. the de.
velopment and happenings Of their
city.
Mr.. whiteford pointed out that
real estate men not only were
charged with the responsibility OF
| transactions in the sale Of real
estate, but they also had the added
responsibility Of investing large
sums of the public's money in real
estate securities and therefore
thorough study of this angle is
necessary.
The management of properties and
estates also are entrusted to real
speaker. if placed in the hands
of competent men, result in saving
| in money and much more eff
cheney in handling of various prop.
| erty.
The next lecture will be Monday
| night in the Y. M. c. A. at 7:30
p. M, and will be given by John
A. Petty, who will speak on Real
| Estate 0ffico Orpa Oi1ofi0n