Evening star., 1937-03-20
REALTY APPRAISAL
COURSES TO OPEN
Two Case-Study Classes
Available at Columbia
This Summer.

bia University and the American In
stitute of Real Rtate Appraisers of
the National Association of Real Es-
tate Boards jointly announce the open
ing of two case-study courses in real
estate appraisal at Columbia Univer-
sity this Summer.
Appraisal I, to be given June T.
June 10, offers Cd a general ground
work in fundamental valuation prin-
ciples applicable to all classes of real
estate; and (2) proper procedure in
the appraisal of residential proper
ties. Appraisal II, to be given June
21-July 3, offers practical training
In the appraisal of typical Small-in-
come properties. Headquarters will
be the John Jay Hall on the campus
of the university.
These courses were developed by
the institute under its Committee on
Education and Research, of which K.
Lee Hyder of Milwaukee is chairman.
They were designed to meet the press
Ing need for qualified appraisers in
many different fields throughout the
country and to train men who have
a proper background of education and
experience in thorough application
of fundamental appraisal principles
and processes, E. L. Ostendorf, Cleve-
land, president of the institute, states.
Schmutz to be Dean.
George L. Schmutz of Los Angeles
will be dean of the courses. He was
dean of similar courses given the
past two Summers by the institute
In cooperation with the School of
Business Of the University of Chicago
on that university's campus, repeti-
ton of which is now being planned
for this coming Summer.
Mr.. Schmutz has been lecturer ON
property valuation at the University
of Southern California since 1928.
He was formerly chairman of the
Appraisal Division of the California
Real Estate Association, has been
research investigator and valuator for
railroad terminal properties for vari-
Gus railroads, and is co-author of
Economic Approach to Valuation
Procedure" author of Condemnation
Appraising" and Appraisers Interest
Tables and Their Uses"
Prof. R. S. Alexander of Columbia
University School of Business will
assist Harry Grant Atkinson of Chi
Cago, director of divisional activities
of the National Association Of Real
Estate Boards who will be administra-
tive and educational director.
Other Faculty Members.
Other members of the faculty
include: Maurice F. Reidy, Worcester,
Mass: Thurston H. Ross. Los Angeles:
Ayers ]. Du Bois, Washington; Frank
d. Hall, New York City, and John R.
Hoyt, New York City.
Mr.. Hoyt, president of the New York
Chapter of the American Institute of
Real Estate Appraisers and member
of the Governing Council of the insti-
tute, will have charge of the field work
for the courses. From 1880 to 1882
he served as senior regional appraiser
for H. o. l.. c. From 1882 to date
his work has included appraisalS for
the Federal and State governments.
r. F. c. and F. H. A, as well as for
private clients. including banks and
other institutional owners of real
estate
Mr. Ross, professor in the College
OF Commerce, University of Southern
California, and director of its Bureau
OF Business Research, is a member of
American Society Of Mechanical En-
gineers, and director, American Man.
a ant l.
president of the Engineers Club of
Los Angeles. He is author of Real
Estate Appraisal" Some Economic
Aspects of Urban Land Valuation" and
Southern California Business Re-
view"
Hall With Insurance Society.
Mr.. Hall is chief appraiser of the
Equitable Life Assurance Society of
the United States, heading a staff of
80 field appraisers in A States. He
Is also president of the Monarch In
vestment Co. of Wichita, Kans. For
two years he was supervising field ap-
praiser in 68 of the Pacific Coast and
lntermountain cities.
Mr.. Du Bois is chief of the valuation
and training unit, underwriting sec
ton, mortgage insurance division of
the Federal Housing Administration,
Washington. He is special lecturer
on leaseholds and real estate appraisal
and is the author of numerous articles
on real estate appraisal and general
real estate practice in various trade
and professional journals
Mr.. Reidy, immediate past president
Of the American Institute of Real
Estate Appraisers and member of it's
governing council, is a past president
of the Massachusetts, Association of
Real Estate Boards, past president
Worcester Real Estate Board and past
vice president and director National
Association Of Real Estate Boards. He
is author Of numerous articles on real
estate and appraising subjects.