Evening star., 1939-10-21
Nation S Appraisers
Offered Graduate
Course byH. Ole.
Improved Procticee
Will Be Included
In Curriculum

The Nations appraisers-the men
who set the value on properties, de-
termine the basis for buying and
selling prices, and forecast the
growth and decline of neighborhoods
have been offered a postgraduate
course in their profession.
1t will be brief one, but all the
improved procedures and practices
evolved in training thousands of ap-
praisers in the $4,000 100000 opera
tions of the Home Owners Loan
Corp, involving more than mil
lion properties. will be included in
the curriculum, it was announced
today by Donald H. McNeal, deputy
general manager in charge of ap-
praisal and reconditioning for the
corporation.
Three-day schools will be held in
every State where sufficient inter-
est is shown in the program, ac-
cording to Mr.. McNeal For the
past several months, H. o. L. G. ex-
perts have made an intensive study
and research into appraisal data
the corporation, and translated them
into a series of lectures and dis
cussions. Technical conferences
have been held in several cities and
produced such constructive results
that it was decided to schedule them
fhrolphout the country
Thousands Will Benefit.
"The primary purpose of the con-
ferences will be the instruction of
H. o. L. c. appraisers" said Mr..
McNeal, "but there are thousands
of others we believe will get con-
crete benefits from the informa-
ton at our disposal. Experts for
savings and loan associations, banks
and representatives of real estate
operators will be welcome.
THE broad basis of the course
obviously is to help appraisers to
estimate correctly the value of prop
erty. set forth their findings in an
intelligent manner, and clearly JUS
tify their conclusions. We believe
1t will prove of value, for the vast
experiences absorbed in the last
chaotic decade in the real estate
field, the upheaval in real estate
values, the changing conditions, have
radically revised appraisal proceed
ures
The H. o. L. c. naturally has
played an important part in crystal
izing various ideas and methods into
definite school of thought; it not
only has sought to evolve practical
approaches to value and clearer con-
cepts of value, but has devised a
complete and uniform method of
reporting and recording appraisal
information. Wherever its methods
are explained to appraisers, we find
them enthusiastically approved.
Conferences to Be Broad.
THE conferences we are planning
will be as broad as possible They
will include explanations of meth
ods of estimating reproduction costs;
calculating various forms of physi-
cal, functional and economic depre-
citation; program for analysis of
local neighborhood conditions and
trends; demonstration of the use
of the capitalization approach, and
the rela ton of price to value.
"The principles evolved in H. o.
l.. c. appraisals are applicable to all
operations in the real estate and
mortgage field. We feel the inde-
pendent appraiser can get just as
much out of our conferences as en-
ployes of the H. o. L. c. and we be-
lieve the corporation, as a public
service, should make available to the
entire profession all the informa-
tion and techniques it has de-
veloped"
No definite dates have been set
for any conference, Mr.. McNeal said.
but H. O. L. c. regional and State
managers will be contacted at once
by Asa Groves, chief of the ap-
praisal section, who is in direct
charge of the program Notices con-
corning the program have been sent
to the IL regional banks of the
Federal Home Loan Bank system
to determine If they would be in
terested in sponsoring conferences
on behalf Of home financing insti-
flItionS