Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-07-06
ADOPTS STANDARDS
OF LAND APPRAISAL
Realty Board Actions at BoS.
ton Convention Are
Summarized.

EDITORS Note: Herewith is pre-
sented summary of actions by the
annual convention Of the National
Association Of Real Estate Boards,
In Boston last week.
Detailed standards of practice for the
appraisal of real estate were adopted
by the National Association of Real ES-
tate Boards at its twenty-second an
nual convention, held in Boston, Mass,
June IS to 20, in which Washington
realtors took part prominently. The
association adopted resolutions calling
for simplification of mechanics lien
laws, outlining proposed action in the
movement for modernization Of State
and local tax systems, reiterating its
position in regard to changes which 1t
asks in the administrative provisions
of the Federal revenue act, requesting
the Department of Commerce to in
vestigate and make recommendation
concerning the possibilities Of just reg
ulation Of outdoor advertising and pro-
testing against growing tendency to
white away basic property rights.
Leonard p. Reaume, Detroit, was
elected president Of the association. He
will assume Office at the Midwinter
meeting Of the organization, January,
1880.
The appraisal standards of practice,
approved and recommended by the as.
adopted by the delegate body. represent
an achievement toward which the ap-
praisal division of the national associa-
ton has been working since its estab-
lishment at the annual Midwinter
meeting of the association in Houston,
Tex, January, 1928. While not man
datory, these standards Of practice set
praisal committees Of local real estate
boards, members of the national as
ISOLATION, and individual realtor ap-
praisers are recommended to follow in
making appraisals.
Other Officers Elected.
In addition to the election of Mr.
Reaume as president, the following Of
ficers were elected and will be indicted
into office at the Midwinter meeting
of the national association: Earle G..
Krumrine, Chicago, treasurer; William
H. Gardner, Winnipeg, Canada; w. w.
Butts, st. Louis, MO-; Stephen w.
Sleeper, Boston, Mass: George w.
Morse, Boonton, N. j., and j. Bradley
Clayton, San Jose, Calf, vice presi-
dents.
Chairmen of the various divisions
elected, who become, as division chair
men, ex-ofiicio members of the aSSocia-
tlon's board Of directors, are: Brokers
division, Mark Levy, Chicago. H.; farm
lands aigisi9n HaTysy
George 6. smith, st. Louis, Mo; home
builders and subdividers division, w. C
Miller, Washington. D. c.; mortgage
and finance division, Arthur Younger
Seattle, Wash; property management
division, Frank S. Slosson, Chicago
Ill; cooperative apartment division
David v. Sutton, New York: realtor-
secretaries division, John N. D. Griffith,
San Diego, Calf.
Directors elected fer a three-year
term are: Harry S. Kissell, Spring
field, Ohio; Walter w. Rose, Orlando
Fla; Harry E. Gilbert, Baltimore, Md.
Robert Baker, Los Angeles, Calf, and
j. w. Wheeler, Seattle, Wash. Direc-
tors elected for one-year term are:
H. L. Rogers, Toronto, Canada; Alfred
H. Wagg, West Palm Beach, Fla;
Charles p. Rowland, Savannah. Ga;
James B. Drake, Birmingham, Ala; H
G. Thorman, San Antonio, Tex; VIII
liam Low Rice, Indianapolis, Ind; r.
Franklin Hull, White Plains, N. Y;
Maurice F. Reidy, Worcester, Mass;
Robert L. Fcust, Knoxville, Tenn:
Charles j. Pietsch, Honolulu, Hawaii;
oliver T. Mcintosh, Denver, Colo.
Charles E. jackson, Rockford, ILL.,; Earl
s. Kester, Allentown, Pa, and Harry
Latter, New Orleans, La.
Outlines Tax Position.
The association stated its position as
to action needed to bring about a more
equitable distribution Of the tax burden.
This statement follows four years Of
study by special committees. The tax
on real estate now amounts to at least
80 per cent Of the tax for all State and
local purposes, the association points
out. 1.-THE two principal and most gen.
orally recognized methods suggested for
reducing taxes are separating the
sources of State and local revenues and
classifying property for the purpose OF
applying different rates of taxation"
the resolutions state. These have been
employed In various States in one form
or another for a period Of at least half
q century. While the experience in
using these methods of taxation has not
been altogether satisfactory, each
method has its merits and might be
used successfully from the standpoint
of reducing the tax on real estate II
given proper administration.
ut Is the sense of the National ASso-
citation of Real Estate Boards: O) that
the committee on State taxation should
give particular attention to these two
methods, namely, separating sources OF
State and local taxation and classifying
property for taxation purposes, with
view to devising proper means OF apply
ing such methods so as to bring about
q substantial reduction in the tax on
real estate, and (2) that the national
association should become more actively
interested in State and municipal ex-
penditures, to the end that the tax
money be more wisely and economically
spent; that through the National Asso-
wise it should seek to develop IN each
State the sentiment that economy
should prevail in the State and local
governments and that a public i'm
provement should be initiated only after
the demonstration of a public necessity
for It and after the financing Of 1t has
been adequately and properly planned
"The National Association Of Real
Estate Boards, through Its committee
on Federal legislation of taxation, fol
five years or more has been actively
interested in amendments to the In
ternal revenue act and the administra.
ton under it in those respects in which
it affects brokers' real estate and rea
estate owners" the association stated
in resolutions outlining the need fol
further changes in the act to eliminat.
negotiable provisions in the admins
trative requirements of the law. Relic
has been given by the Congress on s11
points and a measure OF rellef mas peer
granted by the Supreme Court OF tn
United States on a seventh one. Ther'
remain eight points on which no relic
has been had, including the irnportau
items Of capital gains. cooperative
apartments syndicates and trusts ant
commissions on long-term leases.