Evening star. [volume] (Washington, D.C.) 1854-1972, 1939-07-01
Realty Appraisal
Courses 10 Start
Al Philadelphia Soon
Mortgage Officers,
Tax Men and
Others Enrolling

David L. Montonna, Chicago, has
been added to the faculty for the
case study courses in real estate ap-
praisal to be given during the COM
Ing summer by the American 1nsti-
tute OF Real Estate Appraisers. The
courses. identical with those given
In earlier summers by the institute
at the University of Chicago and at
Columbia University, and early this
year at Tulane University, are this
summer to be given in cooperation
with the Wharton School of Finance
and Commerce of the University of
Pennsylvania, at Philadelphia.
Advance registrations indicate the
national character of the student
body for these courses, a major prof.
ect in the Institutes work of widen
Ing an understanding of appraisal
principles and of establishing sound
real estate appraisal practice.
Dates: Fundamental Principles
and Practice, July 10-July %. VAL
uation Of Investment Properties
July 24-August 5. Lecture courses
following, August 7-August II, break
ing new ground in real estate edu-
cation. Separate courses on Mathe-
mates of Valuation and on Analysis
Of Appraisal ReportsD
Tax Officials Enroll.
OF enrollments already entered fol
the courses. 20 per cent are from
mortgage officers of banks, trust
companies and building and loan as
sociations, including officials of New
York, New England, New Jersey
Pennsylvania, Michigan, Alabama
and California banking institutions
Tax officials of number of the
States are in the enrolment list
Heads of real estate firms make ur
rs per cent of the coming student
body. Loan officials of insurance
companies make up per cent OF
the advance enrolment, which in
cludes F. H. A. and H. o. l.. c. ap-
praisers, property management spe-
ciahsts and many junior officers OF
general real estate companies. The
advance registration several weeks
ahead Of the opening course is al
ready larger than the total enroll
ment in the institutes like course
q year ago.
OF the men already enrolled, q
per cent have taken earlier case
study courses in real estate apraisa
offered by the institute.
Membership Candidates.
Credit toward meeting the insti-
tute's education requirements 70,
membership will be given students
who successfully complete the
courses. Candidates for member
ship In the institute must qualify
as to age, experience and profess
sional standing, and are required tt
pass an examination in two parts
covering Cd fundamental concepts
principles, processes in real estate
appraisal, and CD solution of prac-
tlcal problems. Candidates fol-
membership who are otherwise quail
lied and who make satisfactory
grades IN case-study courses and II
Will not be required to write the
membership examination.
George L. Schmutz, Los Angeles
author OF a notable work on con.
demnation appraising, and head Of
the faculty for the Institutes course.
IN its four earliest years. will give
the lectures on mathematics of val.
uation. Stanley Roe, Chicago, will
give the lectures on analysis of ap
praising reports. Dean for case
study course I, on Fundamental,
principles and practice, will be Her
man o. Walther, Chicago, chairman
OF the Institutes Committee on Re
search and Education.