Evening star., 1934-12-15
REAL ESTATE MEN
TO HEAR ARDREY
Housing Official Will Address
National Convention
in Texas.
J. Howard Ardrey. deputy admin


istrator of the Federal Housing Ad-
ministration in charge of the mutual
mortgage insurance program, will be
the principal speaker at the annual
business meeting of the National Asso-
citation of Real Estate Boards held in
Houston, Tex, January 81 to 25.
In addition, leaders of number of
national groups, who with realtors are
interested in the outlook for real estate
financing and for home building also
will address the general sessions.
The meeting will be largely one to
determine policies and plans of the
association for the coming year. 1t is
being planned as business meeting.
not as program on general real
estate topics.
Hugh Potter of Houston, president
of the association, will serve as chair
man at the general sessions. He will
open for discussion the current work
of the association Officers for 1885,
who were elected at last Summer S
national convention, will be formally
inducted into Office at the banquet ses-
sion.
President Elect to Speak.
An important part of the general
sessions program will be performed by
Walter F. Schmidt. preSident-elect,
who will outline the work ahead of the
association in the coming year.
Divisions and institutes will hold
some of the most important policy
meetings in their history.
A central report before the new In
stitute of Real Estate Management is
expected to be suggested group OF
rules of ethics for property manage
ment to be presented by Arthur S.
Kirk, M. A. l., of Des Moines, Iowa,
as chairman of committee studying
this matter This institute will have
before it, also, energetic plans for
membership spread, so that it may
have qualified management institu-
tions and property managers who have
met its carefully drawn membership
requirements in every principal city
of the country Howard E. Haynie
Chicago, president of the institute. has
been in communication with heads OF
many leading lending institutions
having ownership of real estate in
widely scattered localities as to Their
problem at this time in selection OF
local management for these properties
Management Forms.
Standard forms for use in property
management will come before the gov
erning council of the institute at the
Houston meeting. The Institutes Com
mittee on Forms, of which L. V. Du
Bois, Cincinnati, is chairman, has re-
Gently reviewed the set of standard
forms developed by the predecessor
property management division of the
association for action at this time by
the new institute.
The forms, now in wide use, were
developed originally by committee
composed of some of the ableSt prop
erty managers in the country, who
spent approximately two years time
on the work, securing for it the advice
of outstanding attorneys in various
sections of the country.
Detailed plans for research and edu-
cation in the field of appraisal will
be studied by the American Institute
of Real Estate Appraisers at its Hous-
ton meeting. The subject will come up
In a report to be presented by the
chairman of the committee on this
matter, Joseph B. Hall Of Cincinnati,
who is president-elect ofs the insti-
tute.
This institute is expected to have
before it for adoption rather COM
prehensive set of definitions of terms
used in appraisal. Hall, together with
K. Lee Hyder of Milwaukee, 1885 COM
mittee chairman. is at work nov
upon the proposed definitions, which
have been before the institute fol
study for some time.
Kniskern Chairman.
Philip w. Kniskern, New York and
Washington, president of the institute
will be chairman of its meetings.
Plans for the new outlook for real
estate brokerage, to come before the
Houston meeting, will be worked out
in conferences to be held this month
by officers and officers-elect of the
division. The work of the small brok-
crage office will be given special atten-
tion on the general program.
Expected new activity in mortgage
financing and home building, which
will be central subjects for the gen.
eral sessions, will be planned by the
men in these fields in meetings o.
the Executive Committees of the
Mortgage and Finance Division anc
of the Land Developers and HON,
Builders Division. The Industrial
Property Division, in its Executive
Committee meeting, will take tn.
pulse of any new demand of industry
for changes IN plant location or in.
tensification of use, through switch
track developments and the like, fol
present plants.
The Realtor Secretaries Division
will have before it the whole ques.
tion Of adaptation of the Real Estate
Boards work and, if advisable, its in.
ternal set-up, to meet recovery con-
ditions. Harry G. Benton, Minneapo
lis. chairman of the division, is de-
veloping a detailed program Of mat
tnrS tn he reviewed in this very i'm.