Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-11-09
APPRAISAL GROUP
OFFICERS CHOSEN
Rust Heads Newly Constitut-
ed Committee of Real
Estate Board.

II T, Rust, jr., was elected chairman
of the newly constituted appraisal COM
mittee of the Washington Real Estate
BOARD at a meeting of the committee
YESTERDAY. Claud Livingston was elect
ed vice chairman. Other members OF
the committee are Harold E. Doyle,
Charles A. Jones, Joseph 1. Weller,
Waverly Taylor and E. Quincy smith.
The Importance of the committee Is
indicated by the fact that during the
IS years of the life of the committee
properties in Washington having
total valuation of more than $65,OOO,-
600 have been appraised by the COM
mittee, whose membership changes
from year to year. Eighty-Seven parcels
having a valuation of $2,910, 463.46 were
appraised by the committee last year.
Appraisal work was established in the
early history of the former Real Estate
Brokers' Association and has been con-
tinued by the present board under
definite rules incorporated in the by
laws of the organization.
Committee Has Seven Members.
The committee consists of seven active
members appointed annually by the
executive committee and the secretary
of the board serves as secretary. The
secretary maintains complete records
and all information pertaining to ap-
praisals made by the committee, as
well as minutes of every meeting held.
These records, it was pointed out, are
held strictly confidential to those who
seek this service, for which definite
fee is charged. Only members OF the
appraisal committee who actually par
ticipate in the appraisal have access
to this information which is not avail
able to the membership of the board.
In describing the procedure in the
work Of the appraisal committee, John
A. Petty, secretary, said: THE by
laws of the organization provide that
no appraisal shall be made unless at
least four of the seven members par
ticipate, and seldom any appraisal is
made without the attendance of the
entire committee. After securing all
available information pertaining to the
property to be appraised the commit
tee as a whole makes a personal in
Spection of the property and then holds
a formal meeting in the off1ces of the
board to determine on valuation. A
formal certificate is issued by the board,
based on the decision of the committee.
No member of the committee can par
ticipate in any manner in the appraisal
of any property in which he has any
direct or indirect connection as agent,
owner or otherwise.
Committee Acts for Board.
1.-THE committee is vested with the
power and authority to act for and in
the name of the board in all matters
pertaining to appraisals, and may in its
discretion decline to make appraisals.
No appraisal can be made of any prop
erty except for the owner thereof, or
his duly authorized attorney or agent.
In cases where others than the owner
may desire an appraisal the written APP
proval or consent of the owner must be
obtained, and in such cases the owner
has no access to any information con-
corning the appraisal unless it is OBJ
tanned from the person for whom the
appraisal was made.
Several years ago the board adopted
the policy of permitting an associate
member to sit with the committee and
act as an assistant. While this associate
assistant is not a member of the COM
mittee, he joins in with the committee
in its deliberations. The office was Gre
ated primarily to train the younger
members in appraisal work. Two such
associate members are elected each year,
one serving for the first half term and
the other serving for the latter half.
This year the associate members Sc
lected were Walter B. Jarvis and G. Ed
ward Altemus.