Evening star., 1936-06-27
DATA ON PRIVATE
REALTY THOROUGH
Chicago Material to Be Used
by Students of Case
Study Courses.

What are believed to be the most
detailed practical real estate data or
individual properties and their genera
neighborhood ever to be made avail
able to persons outside the actua
ownership of the properties have
been gathered in the Hyde Park dis
trict in Chicago by the National AS
sociation OF Real Estate Boards.
The information will be used and
Is being used as work material by
students of the case-study courses in
real estate brokerage, real estate man
agement, and real estate appraisal
now in progress or opening this month
by institutes and divisions OF the as
sbciation in cooperation with the
School of Business of the University
of Chicago.
The key data, contributed by lead
ing real estate organizations having
the properties in charge and made
available for number Of leading
Chicago Loop buildings as well, in
Clude for each building its financing
history, its occupancy record, its main.
tenance and repair program, its in
come yield in rents, and the like
Supplementing this are background
facts upon the Hyde Park neighbor-
hood including land value maps
census maps, surveys made by civic
and research organizations, assess
ment and other public and private
data.
Principal "Text Book"
The buildings and the data show
ing their actual real estate situation
in detail and in operation form the
principal "text book" for representa-
tiveS Of leading real estate firms over
the country enrolled for the course
in real estate brokerage, which opens
July s. for management specialists
from many States (including heads
of firms and departments, the chief
field supervisor of one of the country s
leading banks, a representative of
one Of its largest private holdings
of real eState) enrolled in the courses
In real estate management now clos
ing. Both the Hyde Park subcenter
by appraisal specialists from over the
country who will gather for the three
courses in real estate appraisal open
ing July 20. August 3 and August II,
respectively, prepared and given by
the Associations American Institute
Of Real Estate Appraisers. The new
appraisal Course III is concerned with
the valuation of major urban office
and business structures.
CaSe-Study Keynote.
Keynote Of the pioneer case study
course in real estate brokerage, which
opens July with representatives of
leading real estate firms of the country
enrolled, and which has been prepared,
lecture by lecture, by and for the
Brokers Division of the association,
will be sounded by Benjamin Bills,
Chicago. dean OF the course, who will
say in his opening address:
IF vacant land be sold or leased
for an unwise improvement or If,
when improved, it be leased or sold
for uses not in proper relationship to
bAAC ACoANCiiNlals OASAl1Cho dlIu
trial life Of the community Of which
it is part, the brokerage function
fails.
''The sale Of land for an improper
improvement and its lease or resale
for an objective wholly out Of balance
with the best cooperative Industrial.
residential and commercial activity
Of a given community results not only
In the community being handicapped
In its development. but finally in the
dead hand of error being laid squarely
and fairly on the broker, who has been
guilty of the misconception.
He will tell the brokerage represent
ativeS:
You must have in you and in your
organization the capacity first to see
a given community-whether you are
going to develop 1000 acres, 100
acres, or one city lot-in relation to
and In balance with the community
Of which it Is part, or is to become
apart"