Evening star., 1929-06-25
HOOVER PICTURES
REALTORS TASKS
Presidents Message Tells
Delegates of Opportunity
for Public Service.
By DON S. WARREN,
Stan CORRESPONDENT of The Star,


Stan Correspondent of The Star.
BOSTON, Mass. June 25.--A mes
sage from President Hoover declaring
that realtors have an outstanding op-
portunity for public service through pro-
motion Of home ownership and def
mite proposal to insure investors fur
ther against malpractice by adoption of
standards of practice for real estate
appraisals, was before the National As
sociation of Real Estate Boards at the
opening of its twenty-second annual
convention here today.
AS the official program opened also
workmen were setting up in the Copley
Plaza Hotel Washington's exhibit in the
national advertising copy contest, the
winners in which are to be selected for
quality of newspaper advertising pub
lished by real estate concerns. WASH
ington realtors attending the conven-
ton are confidently expecting that their
exhibit will take place in the awards.
Their exhibit is made up Of advertising
carried in The Star.
Hoover Cites Home Field.
President Hoover, in a message to
Harry H. Culver of Los Angeles, ma
tional president, wrote:
II cordially share your view that an
outstanding opportunity for public serv-
ice awaits the realtors in the field of
Is so vitally related to the health, llappi-
ness and civic pride of our people"
President Hoover is more than cas-
ually interested in problems of home
ownership, it is pointed out. He came
into direct contact with this matter
while Secretary of Commerce through
the work of the division of building
and housing, Commerce Department,
and also for number of years as head
of Setter Homes in America, Inc.
The Hoover message, sent from Wash
ington by air mail to Atlantic City, was
rewritten there on giant typewriter
i'll letters 6 inches high on stationery
Is by 9 feet, then brought to Boston
in special plane and presented to the
convention today.
Standards Of Practice Approved.
The board of directors of the national
realtor convention yesterday afternoon
at an executive session approved the
standards of practice for the appraisal
of real estate which have been de-
veloped over period of two years by
the appraisal division. and recommend
adopted. The proposal will be consid-
cred by the convention Friday
If finally adopted, the standards be-
come the recommended practice for
the use of real estate boards, appraisal
committees and for realty appraisers
everywhere. The proposed standards
consist of detailed statement of how
appraisals should be made, in order
to insure against malpractice. If
authoritative and complete agreement
as to what is necessary in making real
estate appraisals so as to safeguard the
value, accuracy and soundness Of the
appraisal, it is stated.
Move Is Important.
Special Importance is attached by
realtors to this move, since on appraisal
of real estate Is based the security be-
hind mortgage issues on real property.
abuse of which can, and sometimes
does, lead to wholesale losses to investors
in real estate stocks and bonds.
Houses some day will be made under
the same principle of scientific mass
production which has proven so sue
cessful in other manufacturing fields,
it was predicted today by Edward A..
Filene. Boston merchant, IN conven-
ton address.
Mr.. Filene pictured houses manufac-
tured mostly by machinery in central
factories in standard sizes ard shapes,
by concerns controlling under one man.
agement the chain of production from
raw materials to finished parts, and
assembled at the place Of sale by the
same concern.
Mass production cannot Of course" !"
he added, lever be applied to the more
unique creations in the field of real
estate. but its application as far as
possible to the production of houses for
the masses might bring as great salts
faction for the American people In home
ownership as the use Of machinery In
the case of automobiles"
Predicts Cooperative Spread.
Mr.. Filene also predicted greater ape
plication of the principle of cooperative
ownership of homes and the develop
ment of great companies owning chains
of apartment houses. He condemned
lack of scientific planning of modern
cities and declared this was the cause
of waste which would run into stag
gering figure If it could be computed.
Ben T. Webster, president of the
Washington Real Estate Board. who
arrived yesterday afternoon with the
washington group, which was delayed
many hours by fog In its boat trip to
Boston, will preside at the Washington
realtors dinner Thursday evening. The
District delegation then will 60 in a
body to the Hotel Statler, where w.
Cameron Burton will represent them in
the national home town speaking con-
test.