Evening star., 1936-05-23
COURSESP[ANNED
ON REAL ESTATE
Dynamics of Business to Be
Theme of Program OF
Institutes.

Tne WnOle new prOgTdm Oh cuuCd-
/ tion In real estate method which the
National Association of Real Estate
Boards Is opening in June, July and
August through three of its Institutes
and divisions is built to deal with the
dynamics of real estate. Walter w.
Rose, Orlando, Fla, president OF the
association, points out in discussion
OF the need for men of training ana
judgment to meet the new condi-
tions of real estate demand.
Education in business fields in
cluding real estate has pretty mucn
proceeded by recording and observing
what has been the practice. Actual
business, on the other hand Is always
facing the future" Mr. Rose points
out. The case-study courses in ap- !
praisal, in real estate management
and in real estate brokerage which
will be offered by the associations
institutes and divisions in co-opera-
ton with the School Of Business OF
the University of Chicago have been
organized in such detail by the insti-
tuteS and divisions themselves as part
of their official work that they meas
urably extend the organized body OF
knowledge in these fields. They
grow out of present real estate busi-
ness actualities and will face the
future every step of the way"
Cited by Mr.. Rose as calling for the
best real estate experience and train
ing that can be brought to bear upon
it: New leasing situation for both
business properties and residential
properties; finding best use for re-
manning holdings of large institutions;
requirement of new normal business
for both appraisal thought and mort
gage thought; new home building,
with its need of knowledge of all
existing practical materials and
methods.
Division and Courses.
Division into two courses was made
this week in the subject matter Of
the coming national case-study course
in real estate management, to be given
during June by the Institute of Real
Estate Management in cooperation
with the University of Chicago. Each
course will last two weeks. Expe-
;ienced real estate men will be per-
,aitted to register for Course II if
they wish, whether or not they have
completed Course I. No charge has
, he.n made IN the matter to be COW
erfd. The earlier plan had been for
a four-week unit.
The split will enable men who can
MT leave their business for longer
tnan a two-week period to take either
the first or second portion of the
course as {. unit.
Real Estate Management I will be
given June 1-l3, inclusive. 1t will
cover general policy and procedure
= in property management, and include
also the technique of analyzing the
neighborhood in which the property
Is situated and analyzing the property
itself as these things affect the man
agement program. 1t will also cover
rehabilitation and remodeling as the
manager must weigh such action. the
making of a budget for income and
outgo over period of years ahead,
and the establishment of proper rent
al schedules for the property.
Real Estate Management.
Real Estate Management II will be
given June 1926, inclusive. 1t will
cover the technique Of purchasing,
making repairs. advertising, finding
tenants, closing leases, accounting, and
the day-by-day routine of real estate
management.
Dean of the courses will be Harry
A. Taylor of East Orange, N. j. Fac
ulty is as follows: Delbert S. Wenz-
lick, st. Louis; James C. Downs, Jr.,
Chicago; Oscar H. Boenicke, Chicago;
Morton G. Thalhimer, Richmond, Va;
Carlton Schultz, Cleveland, Ohio; An
drew G. Hamilton, Chicago, and Ed
ward G. Hacker, Lansing, Mich.
Schedule for the coming national
case-Study courses in real estate ap-
praisal, to be given during late July
and August, as announced by the
American Institute of Real Estate
Appraisers and the University of Chi
cago, is as follows:
l. Real Estate Appraisal I, July 20
August l., inclusive, deals with funda-
mental principles of valuation and the
appraisal of residential property.
Real Estate Appraisal.
2. Real Estate Appraisal II, August
Sis inclusive, deals with the ap-
praisal of typical income properties,
including business and apartment
properties.
8. Real Estate Appraisal III, Au-
gust 1929, inclusive, deals with the
appraisal of the larger and more COM
plex investment properties.
Some of the larger Chicago Loop
business and Office buildings will be
among the properties used for case
study in this course.
Dean of the appraisal courses will
be George L. Schmutz, Los Angeles.
The faculty includes K. Lee Hyder,
milwaukee,; Ayers j. du Bois, Wash
ington, D. c.; Herman o. Walther,
Chicago; Howard Thurston Ross, Los
Angeles; Ralph v. Field, Galesburg,
H.; Harry S. Cutmore, Chicago.
The coming four-weeK national
case-study course in real estate bro
kerage, as announced by the Brokers'
Division Of the national association
and the School Of Business. will be
given July 6-August /. 1t will cover
the functions and the principles and
procedure involved in real estate bro
kerage, including analysis of prop
erty and Of its neighborhood to de-
termine the best use or the probable
future use of the property and in