Evening star., 1935-06-29
REALTY COURSES
OPEN AUGUST :
Maturity and Variety of
Experiences Feature
Chicago Class,

When there opens on August b on
the campus Of the University OF Cnl-
cago a group of professional courses
in real estate appraisal for experienced
valuators given jointly by the Amer
lean Institute of Real Estate Ap-
praisers and the School of Business OF
the University of Chicago, the student
body will be outstanding in maturity
and variety of experience, advance en-
rollments indicate.
Interest in the courses, the first OF
their kind in appraisal history, is in
dicated in the fact that applications
for enrolment already exceed one
third of the number that can be
accepted. Enrolment will be limited
to 100 students, and is open to any
one with adequate background Of edu-
cation and training.
Advance enrollments, already repre-
senting Is States, indicate that the
student body will include two presi-
dents of State real estate associations,
past presidents of a number of real
estate boards, a number Of fee ap-
praisers of H. o. L. C. and F. H. A.
and two staff appraisers of H. o. L. c.,
members Of appraisal committees OF
some Of the largest real estate boards
of the country and number OF men
who have had distinguished expert
ence as expert valuatorS in court cases.
as appraisers for life insurance COM
panies, for railroads and for public
utilities. 1t is significant that very
large proportion of the early enroll
ments are Of heads of mortgage COM
panies, heads of mortgage depart
ments of banks, real estate firms and
trust companies, and appraisers for
banks, building and loan associations
and other financing institutions.
Courses will be given at Judson and
Burton Courts, on the campus OF the
University of Chicago. Students may
live at the courts, and will have access
to the libraries both of the university
and of the institute, which last, now
contains more than 1000 duplicates
of appraisals made by members Of the
institute over the country for their
clients.
The courses, lasting four weeks,
broken into two groups of two weeks
each, will include more than SIS lee
lures. The courses are notable in
that:
l. They were worked out in detail
by the institute, through its Commit
tee on Education, of which K. Lee
yyx,Ja~ NE;Iu,o,,Loo ic chairman
2. All instructors will be members
of the institute, chosen both for their
appraisal experience and for their
successful teaching experience.
3. Case method will be used to a
high degree to supplement lectures.
Round-table conferences will also be
used. The courses will thus ConStl-
tute an active national Summer con-
ference on appraisal method.
Some so properties in the Chicago
metropolitan area have already been
selected by the institute for appraisal
by students. These include single
family dwellings, retail commercial
structures, apartment buildings, some
overimproved, some underimproved,
some with balanced improvements,
some with misplaced Improvements.
They will be appraised for loan pur-
poses. for transfer of interest, for
tax adjustment and other purposes.
Members of the Illinois chapter of
the institute will make model ap-
praisals of the selected properties,
these model appraisals to be available
for conferences of instructors and
students.
The IS States from which early
applications for enrolment have been
received are: New York q, from
New York metropolitan areal; Ohio,
Illinois III, from Chicago metropoli-
tan areal; Indiana 80. Michigan 90,
wisconsin, Iowa, Kansas t2), Mis-
souri (2). Georgia, Tennessee. Okla
homa, Washington, Texas. Cali
fornia ~.
The faculty for the Summer con-
ference courses is as follows: George
Leroy Schmutz, Los Angeles, dean
of the courses; Ayers j. Du Bois,
Washington, and Herman o. Walther,
Chicago.