Evening star., 1937-04-24
APPRAISAL STUDY
ATTRACTING MANY
Real Estate Institute and
Columbia U. Plan to
Accommodate 100.

Advance registrations are already
being made for the case-study courses
IN real estate appraisal announced by
Columbia University and the Amer
lean Institute of Real Estate Apprais-
ers. Inquiries are coming in from
men engaged in real estate appraisal
throughout the Eastern part of the
United States who are prospective
students. Only 100 students can be
accommodated.
The courses, to be given under the
Joint sponsorship of the institute and
the School of Business of Columbia
University, will be presented in two
2-Week terms, June to June 19 and
June 81 to July 3, 1887.
Paralleling the courses given for the
last two Summers by the institute in
cooperation with the School of BuSi-
ness Of the University of Chicago.
course l offers general groundwork
in fundamental principles and proper
procedure in the appraisal of resi-
dental properties and course 2 offers
training in the appraisal of typical
small-income properties.
Comprehensive Material
Comprehensive text material has
been developed for use exclusively in
these case-study courses, based upon
outlines developed by the Education
and Research Committee of the Amer
lean Institute of Real Estate Apprais-
ers. The entire program of texts and
lectures ties in with master syllabus
of appraisal work that embraces all
phases of real estate appraisal prac-
tice and technique
To learn to do by doing each STU
dent, under the personal direction of
g. member of the faculty, will make a
detailed and thorough appraisal of an
actual real estate property, in one case
of single-family homes and small-flat
building properties; in the other, of
typical small-apartment properties and
typical retail business properties.
The properties selected for these
appraisals will cover balanced i'm
proVements, over-improvementS, un-
der-improvements and misplaced i'm
provements. A complete, acceptable,
detailed appraisal report will be
required from each student.
Dean of the courses will be George
l.. Schmutz, Los Angeles, lecturer on
property valuation at the University
OF Southern California since 1928 and
valuator for railroad terminal proper
ties, etc.
X. Lee Hvder Assisting
Added to the faculty is K. Lee
Hyder, Milwaukee, vice president of
the American Appraisal Co. and
chairman of the Institutes Commit
tee on Education and Research, under
which its caSe-study courses, educa-
tional syllabus and appraisal terminol-
ogy are being developed He is also
vice president of the institute and
editor in chief of its technical journal.
Members of the faculty already
announced are as follows:
Maurice F. Reidy, Worcester, Mass,
immediate past president of the insti-
tute; Thurston H. Ross, Los Angeles,
Calf, professor in the College of
Commerce, University of Southern
SoiAAoA iiio, Aycio y. uuoolS, washing
ton, chief of the valuation and train
ing unit, underwriting section, Mort
gage Insurance Division of F. H. A.;
Frank D. Hall, New York City, chief
appraiser of the Equitable Life Assur-
ance Society of the United States, and
John r. Hoyt, New York City, presi-
dent of the New York Chapter of the
American Institute of Real Estate
Appraisers, who will have charge of
the field work for the courses.