• ON REAL ESTATE
Dynamics of Business to Be
Theme of Program of
The whole new program of educa
4 tion in real estate method which the
VnM/vno 1 A •c/u.intinn ftf TTcta
Boards is opening in June, July and
August through three of its institutes
and divisions is built to deal with the
dynamics of real estate, Walter W.
Rase, Orlando, Fla., president of the
association, points out in a discussion
of the need for men of training and
Judgment to meet the new condi
tions of real estate demand,
v "Education in business fields in
cluding real estate has pretty much
proceeded by recording and observing
what has been the practice. Actual
business, on the other hand, is always
facing the future,” Mr. Rose points
out. "The case-study courses in ap
praisal. in real estate management
and in real estate brokerage which
will be offered by the association’s
institutes and divisions in co-opera
tion with the School of Business of
* the University of Chicago have been
organized in such detail toy the Insti
tutes and divisions themselves as part
of their official work that they meas
urably extend the organized body of
knowledge in these fields. They
grow out of present real estate busi
ness actualities and will face the
future every step of the way.”
Cited by Mr. Rose as calling for the
best real estate experience and train
ing that can be brought to bear upon
it: New leasing situation for both
business properties and residential
properties; finding best use for re
maining holdings of large institutions;
requirement of new normal business
for both appraisal thought and mort
gage thought; new home building,
w with its need of knowledge of all
existing practical materials and
Division and Courses.
Division into two courses was made
this week in the subject matter of
the coming national case-study course
in real estate management, to be given
during June by the Institute of Real
Estate Management in co-operation
with the University of Chicago. Each
course will last two weeks. Expe
rienced real estate men will be per
mitted to register for Course II if
they wish, whether or not they have
completed Course I. No charge has
* be’n made in the matter to be cov
err-d. The earlier plan had been for
a four-week unit.
•The split will enable men who can
nc>t leave their business for longer
twan a twro-week period to take either
the first or second portion of the
course as a unit.
Real Estate Management I will be
given June 1-13. inclusive. It will
cover general policy and procedure
• in property management, and include
also the technique of analyzing the
neighborhood in which the property
Is situated and analyzing the property
Itself as these things affect the man
agement program. It will also cover
rehabilitation and remodeling as the
mononor mnet n'nirrVi cn/»Vr ootion tVin
making of a budget for income and
outgo over a period of years ahead,
and the establishment of proper rent
al schedules for the property.
Real Estate Management.
Real Estate Management II will be
Riven June 15-26, inclusive. It will
cover the technique of purchasing,
making repairs, advertising, finding
> tenants, closing leases, accounting, and
the day-by-day routine of real estate
Dean of the courses will be Harry
A. Taylor of East Orange, N. J. Fac
ulty is as follows: Delbert S. Wenz
lick, St. Louis; James C. Downs, Jr.,
Chicago; Oscar H. Boenicke, Chicago;
Morton G. Thalhimer, Richmond. Va.;
Carlton Schultz, Cleveland, Ohio; An
drew C. Hamilton. Chicago, and Ed
ward G. Hacker, Lansing, Mich.
* Schedule for the coming national
ease-study courses in real estate ap
praisal, to be given during late July
and August, as announced by the
American Institute of Real Estate
Appraisers and the University of Chi
cago, ts as follows:
1. Real Estate Appraisal I. July 20
August 1, inclusive, deals with funda
mental principles of valuation and the
appraisal of residential property.
, Real Estate Appraisal.
2. Real Estate Appraisal II, August
3-15 inclusive, deals with the ar>
praisal of typical Income properties,
including business and apartment
3. Real Estate Appraisal III, Au
gust 17-29. inclusive, deals with the
appraisal of the larger and more com
plex investment properties.
Some of the larger Chicago Loop
business and office buildings will be
among the properties used for case
study in this course.
Dean of the appraisal courses will
1 be George L. Schmutz, Los Angeles.
The faculty includes K. Lee Hyder,
Milwaukee; Ayers J. du Bo is. .Wash
ington, D. C.; Herman O- Walther,
Chicago; Howard Thurston Ross. Los
Angeles; Ralph V. Field. Galesburg,
HI.; Harry S. Cutmore, Chicago.
The coming four-week national
case-study course in real estate bro
kerage, as announced by the Brokers’
Division of the national association
and the School of Business, will be
given July 6-August 1. It will cover
the functions and the principles and
procedure involved in real estate bro
« kerage, including analysis of a prop
erty and of its neighborhood to de
termine the best use or the probable
future use of the property and in
cluding the technique of the sales
process, as listing, advertising and the
PLAN GETS SUPPORT
Nearly 200 builders, representing
almost every section of New Jersey,
are backing the “bonded house plan"
announced recently by the presi
dent of a large Passaic lumber manu
facturer, as a means of driving unscru
pulous builders out of the field and at
the same time creating public confi
dence in home construction. About
100 builders have made applications
to construct houses under the bonded
plan, which insures the construc
tion, the material, the design and
the contract price. The bond of
an indemnity house will be placed on 1
each house built under the plan.
Over 25,00 visitors from Delaware,
Maryland, Pennsylvania and New j
Jersey are expected to attend the
Wilmington National Home Show to
be held the week of June 1 to 6 at;
Eighteenth and Market streets.
Wilmington, under the joint sponsor
ship of the Chamber of Commerce,
the Real Estate Board and the Dela- ■
| ware Chapter of the American Insti- j
i tute of Architects. One of the fea
tures of the home show will be a j
complete model home that will be j
built and furnished in five days. This
house will be one of the exhibits j
during the week of the show. It con- !
tains three rooms and bath, with a
garage, that can be built for $2,500. j
A large living room 20 by 13 feet,
with fireplace and screened porch,
completely furnished, will greet the
eye as one enters the house. The
living room is a homey type, right
out of a picture book. Next is the
bed room. 121* by 10 feet in size.
A tile bath with the most modern,
up-to-date features adjoins. There
is provided an “ideal kitchen" 10 by
! 81 - feet, with the latest equipment for
cooking, lighting and heating, all
electric or gas equipment, the dream
kitchen of every woman. i
Movability Note of Season
Accentuated by Rubber Tire
Qn«i'ia1 ilicnnlrh t n Th» Star HritU It. h>I »•! 4 Via cnn
NEW YORK, N. Y„ May 23.—
Movability is the new note this sea
son. Everything from the chaise
longue to the tea table has rubber
tired wheels. And as for chairs and
settees, rocking is in vogue again.
Those who have old-fashioned rock
ers are bringing them out. Others are
buying the new metal chairs with
semi-circular supports that prevent
backward tipping or those which al
low one to sway luxuriously up and
down. The always popular glider has
smart new colored finishes and a
smoother motion than ever.
White is in the lead for porch and
terrace furniture, with bright red
blue and green crowding close on its
heels. Weatherproof textiles in these
popular colors—often plain—cover
the unusually comfortable cushions
of the latest chairs and settees
Harmonizing with these bright hues
are the new color schemes tor painted
walls of sun porches.
; room is often a color problem. It
j needn’t be, however, as many subur
ban homes In the metropolitan dis
trict prove. To unify the background,
walls and trim are often painted the
same color. Green is still a pupular
choice, for it softens the glare of the
! sunlight. It Isn’t the heavy green
: of the past, though, but a very light
Spring green, or that yellowish green
known as chartreuse—or a light olive
green. It may be grayed with a little
white paint and a dash of black—oi
it may be light blue-green, especially
if the sun porch is used mostly in the
Other light colors, however, make
a splendid background for the white
or gay colored furniture in vogu<
this season. Putty colored walls, witt
trim a deeper shade, for instance—oi
ivory, mixed with a little pink. If the
sun room has been developed frore
a porch, the house wall may be
painted the same as the other three
Home Designs Selected by
Magazine Editor as
Indicative of the wide-spread inter
est aroused by the Home Building
Service Plan, a program sponsored by
the Federal Home Loan Board to im
prove the design and construction
standards of the small home, Ethel B.
Power, associate editor of House Beau
tiful Magazine, recently selected six of
the home designs offered under the
plan as outstanding examples of what
can be done to provide moderately
priced houses, having an efficient plan,
architecturally correct designs and
ample living accommodations, and
which may be built on monthly pay
ments of from $35 to $70.
The designs chosen by Mrs. Power
were prepared by the Architects Small
Home Service of Washington, D. C.,
and are available for inspection by in
terested home builders at the Perpet
ual Building Association. This concern
Introduced the plan locally some weeks
ago in co-operation with the Federal
Home Loan Bank Board.
Explained in Detail.
The service was explained In detail
and the architectural drawings were
exhibited by Philip E. Schreier, prom
inent local architect and one of the
prime movers in the Architects Small
Home Service, at the recent conven
tion of the American Institute of Ar
chitects at Williamsburg, Va. Mr.
Schreier told of the plan's practicability
as demonstrated by the large number
of Washingtonians who are taking ad
vantage of Its protective features. It
was pointed out that, whereas the
average Individual was not equipped
to cope with the complexities of get
i ting full value for his building dollar,
I seemingly unsoluable problems such as
! the mo6t advantageous placement of
the house In the lot, specifying the
right kind and quality of materials,
Kjuipment and fixtures, the securing of
bids and awarding of contracts, the
obtaining of permits and clearance of
waivers or liens are every-day occur
rence with the seasoned building tech
Sought Institute’s Aid.
It was this situation which moved
the Federal Home Loan Bank Board
to enlist the co-operation of the
American Institute of Architects and
Its member lending institutions to
make available to the public the essen
tials of a complete architectural ad
visory and construction supervisory
service in the form of the Home Build
ing Service Plan, at a cost so low its
use becomes a justified necessity even
for the most modest home.
The value of the plan from the view
point of the lqpding institution and its
shareholders is manifest when it be
comes evident that the long-term loans
required are secured by soundly con
structed homes of good architectural
design thus giving both the lender and
the borrower extra security for their
The Perpetual Building Association
through which the Home Building
Service is available, is among the larg
est and oldest thrift and home financ
ing institutions in the United States.
Spar Varnish for Protection.
Hickory garden furniture—the sort
with the bark still on lt^-should be
coated with spar varnish to make It
just as smooth as possible. In this
way you can minimize the danger of
snagging sheer ho6e and filmy fabrics.
UNDER F. H. A. PLAN
11 Out of 33 in Dallas, Tex., Built
Under Insured Single
Bpectai DUpatcb to The Star.
HOUSTON, Tex- May 23 —Eleven
out of 33 permits for residence con
struction Issued in this city in a single
day were for homes that were to be
built under the Insured single mort
r— ■ - ■ -
gage system of the Federal Housing
Administration. Two of the 11 were
to be built for families with Incomes
of less than $3,000 per annum.
In one case a permit was issued to
a bank employe with an income of
$2,280 per annum. The house was a
two-story, seven-room frame dwelling
and was covered by an insured mort
gage for $3,600, which was to be
amortized over a 12-year period.
An architect with an annual net
Income of $1,883 a year was given a
permit to build a one-story frame
cottage. An Insured loan for $2,750
is to be repaid in 13 years.
Cathedral Avenue Residence Sold
Beautiful home, containing
9 rooms (5 bed rooms),
glassed-in sleeping porch,
large pantry, and 2 fire
places with gas logs. The
house is weather-stripped
and screened. Large porch
in front and side. Wide lot
g with 2-car garage. This
home is in new-house con
Price $9,950 On y I
Open today, tomorrow and
Monday until 9:00 P.M.
, Drive out 13th St. to Delafield
Place, then right to property.
Harry B. Pitts Co.
1919 15th St. N.W. Metro. 0100
Lieut. Comdr. and Mrs. Lucien M. Grant have bought this home at 4501 Cathedral avenue
from Dr. and Mrs. Chesteen Smtth. The transaction was made throhgh the office of Frank S.
Phillips, realtor. ~-Star Staff Photo.
l/2 ACRE OR MORE
For Your Home Site
350 Wooded Acres — Protective Restrictions
5c Per Sq. Ft. Includes Street Improvement
In buying your home in this picturesque section, you not only
get noture's most generous blessing in woodland beauty, but
your investment is also insured by wise protective restrictions, as
to size of sites, set bock, character and price of houses, etc.
BRADLEY HILLS GROVE
You can keep your horse or dog—your lot is large enough to
have a tennis court, gardens, orchard or chickens.
Drive Out Over the Week End—To reach property vo vest on
Bradley Boulevard Irom Wisconsin Ave. JVy miles lo property.
R. BATES WARREN
1108 16th Wis. 5053-J Not. 9453
!■' ‘ -- ' ==
INSPECT EDGE WOOD TODAY
The Newest Development of
PAUL T. STONE, Inc.
A Community of Detached Homes in Chevy Chase,
D. C., situated in a grove of massive oak trees.
SIX OF THIS GROUP SOLD BEFORE COMPLETION
Exhibit Home - 6133 33rd Street N.W.
Just North of Rittenhouse |
Detached all-brick Colonial, 7 rooms (3 bed rooms), 2 tile baths on second
floor. One bed room and tile lavatory on first floor. Completejy insulated with j
aluminum foil and rock wool. Gas equipped throughout. Attic. Lot 50x135.
Ask about the new circulatory system which will save 25% of your fuel bill.
To reach EDGEWOOD, drive to
Chevy Chase Circle, turn rifht
on Western Avenue to Kitten
house Street, rifht to 33rd Street,
left to houses on rifht side of street.
f vmooERn 1
Draperies by Ligon. jljj
Rugs by Manoukian Bros. jjjj
OPEN AND LIGHTED DAILY
AND SUNDAY UNTIL 9:00 P.M.
Silver Spring and
124 Philadelphia Ave.
A while brick 2-storr home #f ft
rooms, on larce. wooded lot. Has I
oil burner and ree
;«,“E.»r£r A $8,250.00 |
811 Violet PI.
Last of a croup of new modem
brick buncalowst 5 larce rooms,
modern bath and kitchen, attic.
?«e"'nt *nd $7,250.00
New modern brick bunralew of ft
larce rooms, attic, basement, ra
race and porch. The most home
onVhe “°“eT- $5,950.00
ROBERT E. L0HR
311 Cedar St., Takoma Park
HOME OF COLONEL, U S M C., LEAVING CITY,
OFFERS LOVELY PLACE AT ATTRACTIVE PRICE
rvaacn-■-. .. ■ —^
CONSTRUCTION AND |
VALUE — You Simply
Can t Match at
1"“"^^ Corner Homes, $7,450
A if ... I. .—— M
Exhibit Home, 4500 Highland Avenuo
WEST CHEVY CHASE . j
L HEALTH HOME ■Dependabilityanddu
rability are integral parts of these
• Wide lots extremely livable new brick homes ...
• Full basement Your investment in them is insured by
• Slate roof every substantial feature, by excel
a Garage lent location and by any comparisons
• Copper water pipes you care to moke . . . ASK YOUR
• Til. bath BROKER TO SHOW YOU THESE
O Insulated HOMES.
Drive out Wisconsin Avenue bearing right
past Bank of Bethesda, continue 4 blocks;
turn right on Highland Avenue to homes.
Built and Offered by !j
™°:±rHr prescott i
Bradler 2« I HC O R BO RATIO
Tower Bldg. • Diet. 7834 j
3616 Rittenhouse St. N.W.
"The Best Section of Chevy Chase, D. C."
Here we offer a very large all-masonry home, contain
ing 9 rooms and 3 baths with 4 large bedrooms; 2 baths
and enclosed heated sleeping porch on 2nd floor. Serv
ant’s room and bath on 3rd floor. Oil burner, center-hall,
slate roof, large lot (69.8 ft.), beautiful shrubs and 2-car
This home cost the owner many thousand dol
lars in excess of the figure now asked and is an
Open Saturday P.M. and Sun
day All Day After 10:30 A.M.
PHILLIPS & CANBY, INC.
Nall. 4600 1012 15th St. N.W.
Is Always Found in Cooley-Built Homes
I ; jl I
2343 40TH ST. N.W.
Furnished by P. J. Nee Co.
IN this lovely new corner home
built to the usual high standard
of excellence that characterizes
Cooley construction, life may truly
be enjoyed to the utmost. Other
features include 2 wood-burning
fireplaces, paved alley and street,
completely caulked, weather-strip
ped and aluminum screened,
I IHOOERR ]
Open Sunday and
Daily to 9 P.M.
To Reach: Out Wisconsin Are. to
Calvert St., west on Calvert St. to
39th St., left on 39th St. to Ben
ton St. and right to home.
Tower Bldg. NAtl. 9240
6 BED ROOMS
DE LUXE KITCHEN
NO. 1 WORTHINGTON DRIVE
In Beautiful Westmoreland Hills
A new Colonial, truly unusual with room sizes designed for gracious
living its paramount feature.
Note the generous proportions of ALL its rooms, then inspect in
detail the many refinements that characterize this distinguished
center-hall brick Colonial as a home really out of the ordinary.
No. 1 Worthington Drive is truly the “HOME THAT HAS EVERY
THING.” Exceptional residential neighborhood and on a broad
boulevard 15 minutes to the business section. Note the following ;
which are some of its many features, and be sure that all of them
are in the HOME that you buy:
Copper gutters and Concealed Radiation. Knotty Pine Paneled
Downspouts. Washable Wall Recreation Room.
Copper Water Pipes. Paper. Full Attic.
Insulated Attic. Automatic Gas Heat. Two-Car Garage.
Furred and First Floor Lavatory. Large Landscaped
Insulated Walls. Extra Large Rooms. Lot.
PRICED FOR IMMEDIATE SALE
OPEN ALL SATURDAY AND
SUNDAY FOR INSPECTION
Drive out Massachusetts Ave. to Westmoreland
Circle, at District Line. Turn right on Western
t idOOERW I Ave-1 block to Worthington Drive, left to house. |
1106 Vt. Ave. Diet. 8600
Sunday and Nights ADams 0620
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