Evening Star Newspaper, October 18, 1924, Page 13

REAL ESTATE. REALTORS ARE PIONEERS IN IMPROVING PRACTICES National Association of Real Estate Boards Among First of Business Groups to Adopt Code of Ethics. BY JOHN A. PETTY, Lxecutive Secretary of Washingtou Real Estate Board. occasional misunderstandings. Competi- tion between brokers in the legitimate pursuit of their business sometimes re- sults in situations that are almost un- avoidable, and in euch instances a standard ruide is found in the code of ethics to properly direct competitors in conducting their business &0 as to avoid friction and disagreements. Many per- sons who enter into realty transactions either as purchasers or sellers are un- familiar with the ordinary customs and The National Association of Real Jistate Boards as one of the first Lusiness groups in the country to take ifinite action to improve business i tices. Before 1= formation lit- or nothing of his character had .ver been under- iken_ in general usiness lines. \bout vears o0, when mall zroup of realty caders from var ous cities met g organized the N tional Assoc f Real loards, they the ground work ior one of the most \rogressive move- lents in the com- nercial life of the Countrs. The prim wate purpose of the wnizatio from its formation was to raise th stances, definitely set out in the al estate business to the plane of | de of ethics serve to promote good Which its importance | f8elings between brokers and stimu- atiis | late closer co-operation and mutual One of the first steps taken by this | Tespect. As a result of this, members real estatn orzanization was the|of the realtors’ organization, while P e of tthics 1o be|Yery keen competitors, are operating O ed and mdhered to by its mem- | jointly with complete co-operation, e e s hern & mreat|and thereby have not only materially moral force in the r estate busi- | increased their opportunities for suc- T v ot thronghout | cets, but have been able to render the » country has been a tremendous | tor in improving the practice of | 1 estate. Upward of 20,000 real tors and many times that number ol ociates are affi ed with the real ustate boards in the National Association, and each is bound by the rules contained in the national le of ethics. Each board compelled to ‘1dnl)t‘ this code as a part of its by-laws «nd every individual mber must | subscribe to it Origi 1y the cods was drafted along rather general line with the * basis of its bowever, the National i1s convention in Washinzton « 4 revised code that more cle =pecifically def the standards of practice that members must live up in These rules serve as a guide to broker in his dealin, with his fellow broker and in his dealings with clients and the public Tithics Based on Honesty. Eithics is merely e practice of ba principles of honesty and courtesy. It i application in daily work of the olden Rule” of honesty and fair deal- | W code of cthics serves the right from the have little or no knowledge rights or responsibilities and the definite rules of nractice adopted by the realtors is a standard and impartial index for the broker to follow 0 as to aseure the maximum of protection to all parties. Brokers® Relationx. As between brokers it is manifestly unfair for one broker to unduly influ- ence a prospective customer from an- other broker to whom he has become morally obligated for services ren- dered. Likewise, one hroker should not publicly tor unfairly to ecure and ul t MR. PETTY. sesls of his competitor. ori other similar in- profession, service, In his relations to clients and the public the realtor has a v definite responsibility, which is ¢ rly de- fined in the various sections of the code of ethics. Every realtor knows that one of his first obligations to his clients and the public is to equip him- self so that he is in a position to fur- nish his customers the highest type of professional service. This makes it incumbent on the realtor to accept only such calls for his service as he is reasonably qualified to render. Mere selling ability, so-called. is not the basis for the service of the mod- ern realtor. ¥e must be equipped through training, study and experi- ence to render clients compe- tent and intellizent advice on the many problems that are presented to the property owner or the prospec- tive property owner. - The skill which | the broker displays in his advice to iis customers frequently measutos success in the real estate field, Ax to Fee Collect - A broker is never justified under any circumstances in collecting fees from two par to a transaction, unless both p: have complete and full m knowle: of that fact and concur in that underlie ac- | jt Neither should a broker, under tions. Dealings in | any circumstances, profit at the ex- real estate are conducted in much the | pense of his client by purchasing for sime manncr everywhere. Prope 15 | himself his clien property unless vought and eold f. much the same rea- | guch transaction was entered into with nd purposes, sand such t - | the absolute and full knowledge and tions vary only in minor deta consent of his client g to local custom and law. Conse- | Listing of properiies while «uently the basic or fundamental prin- | detail of office routine has a vital con- ciples that underlie these transactions |nection with subsequent acts. A are universal. It was comparatively sim- | brol should only accept listings that ple. therefore, to codify various uh | he is reasonably equipped to handle, of real estate practice into zroup of | and in doing so he should use great (andards that could he applied @ny- > to secure the maximum of infor- where nd it must be correctly and The very recorded. le should tiee makes it ety owne the aceur: the prac- to avoid nature of real estate AImost impossibi procedure of real estate dealings and | of their | tion that he could use | public a broader and more intelligent mere | THE EVENING STAR, Space and Comfort At Least Expense | A Small House of Fine De- | sign and Plan. The servant problem has come to be one of the most vital ones of modern existence. The solution seems to be a simpler way of living; but even with that, houses must still be kept clean and food prepared and | dishes washed. One method is to {build so simply and with every working detail se particularly plan- ned for that the work can be done by the mistress of the house without keeping her slavishly drudging. Another method is to make the living rooms and the working quarters of the servant's division of the house so pleasant and convenient that servants will like to stay in them. House- work under proper conditions should not be a drain on any woman's strength. With light, beautiful Kitchens, simple pantries, placed properly, the worker can accomplish a great deal without having to waste energy or feel shut away in some ugly, dark corner while other people are ‘enjoyinz sunlicht and gardens. The Kkitchen of th little house faces the garden and through the windows just above the sink the worker can look out and =ee the flowers. Beside the second group of windows in this kitchen is room for a chair and a small table where the | and it is his serfous obligation to se- cure for his client the best possible price consistent with the real worth {of the property. Listings as between brokers should be given and accepted only in a definite manner, so that complete and accurate | information is passed. The broker who accepts a listing from another | broker is obligated recognize the | rizhts of the first broker and all sub- sequent dealinzs or negotlations in respect to that garticuiar property must be had with the first broke: 4324 7th Street N.W. DETACHED HOME Here is a delightful detached home that is offered at a price within reach of all, it is situated within Petworth on a wide paved street between Varnum and Webster streets. in a community of comparatively new and thoroughly up-to-date homes. A good, wholesome neighborhood and environment. is a large front porch across the entire house; spacious room with fireplace; large dining room; bright, roomy kitchen; out- Three splendid bedrooms; tile bath; large closets; side pantry. oak floors; electric lights; hot-water heating plant; laund toilet. Dglightful lot, 40x100. Price, $9,950 - TERMS—ONLY $1,500 CASH 1843 Newton St. Shrubbery, lawn and shade trees. 1t is There Hving fast room ry and N.W. MT. PLEASANT A comparatively new tapestry brick colonial t ype home—situated in the heart of old Mt. Pleasant, west of 16th Street and a little north of Park Road. Convenient to Sacred Heart Church and new Public School. date convenience is offered in this modern home Every up-to- ; six splendid rooms; tile bath; oak “floors throughout; two large screened porches; completely screened ; hot-water heat; electric lights; splendid lot to wide paved alley; cement garage. Absolutely the best buy in Mt. the city is obliged to sell. Pleasant. Owner leaving Price Only $11,250 Easy Terms BT ' he city. the Bearioss eception hall it will command you rgreens, ete. o STerEnt Whe devire of " posscision —owneranip of this | A practical home, this, for a maidless household, with convenience and beauty achieved at modest cost. able for a narrow lot, it would be charming, on the other hand, set in a lovely gerden where the thatche WASHINGTON, D. C, SATURDAY. HOUSE PLANS FOR HOME PLANNERS OCTOBER 18, effect would seem cozily at home. worker could sit in the sunsh prepare vegetables pleasant comfort. entry of garden side of the house. a large sink and double drain Loards dircctly beneath dressers at either glass doors and lower part of the dresser provided with wooden doors or sets There is a large pantry small of drawers. with space for can be filled from the outside is & window in the pantry, abundance | Spa e of shelf room and a doorway leading to the cellar. The greatest amount of space and comfort with expenditure, has been obtain- little money ed in walls thout to this be no unnece form hall a 24 (o stors iza foor. - Open Brepn R T dern. couvenieiice. " Thie 1ot SOXL1 in & Lhing of charm. and be i Fwpeas Earege. | AR Gpportusity {0 grasp & bargain—and we are confdent an’ iRspection Wil arouse. Fout Home —and everything ihe woRd €oaveys: e and and salads in The kitchen has a its own from th There is space the The room chief the windows and de provided with shelves above. The could be posite. it is a: tion a refrigerator .which There from arge pies ranged the least amount of omit “Thero meed | the furniture f 4\[77\1”' rooms it is i doins | viston b house. ry expense the Ry = is ereated dining room and sweep together like one large room. feature the fireplace and a group of windows forming a bay directly op- This room is not only lighted by the bay window, iight from three directions, but is also provided with two other groups of windows at the ends of the room, so ured light and good ventila- three purposely . piano, davenport, 2 to advantage. in designing a house the this important point comes 1o he of | ers or couches, o the rooms and living room of the living which lets in sides. The wall left bare, so of furniture such as can be Very often architects and when placed in found that no pro- been made for bed, dress there 1314 FARRAGUT ST. N.W. instant approval. Dignifled, DETACHED BRICK AND HOLLOW TILE A beautifal home property ideally located—having all suburban advantages and vet within s few minutey’ ride from Individually built for & home—not for & peculation. impressive, and the moment you enter Features include—Oak floors throughout, enclosed break- '3na sieeping porch: four bedrooms and two tiled baths (ome with tile shower) on second floors . screens and _awnings throughpu completely ty. 1924 sible chance to make the rooms homelike and comfortable. | Two large bedrooms and a rmall | one near the master's room and a large bath bave been conveniently arranged in the second story. The small bedroom near the master room could be thrown into one with the large room simply by omitting | the partition wall. This would make a delightful children’s room. Or, if | preferred, this small room could be converted into a bathroom and the | bathroom as indicated converted into | ; a sewing room. However, the ar- rangement indicated on the floor plan is the best one because it centers the plumbing of the bathroom and kitchen. A smell window seat has been introduced in the upper hall over the Kitchen entry, not only to form a convenient resting place and to let in sunlight, but also for its picturesque quality. This house is of stucco and metal lath and would be a practicable de- sign for the narrow lot as it is only 32 feet wide by 34 feet deep; thus a lot 50 by 50 cou}® be used. A larger lot is always désirable if it can be obtained, as 50 much more real beauty of nature may be added to make the whole a charming home. The exterior of this house is un- usually pleasing. By tinting the walls a warm tone, perhaps a cream, and stalning the roof and all ex- posed woodwork a moss green or a brown as preferred, a home of ex- ceptional distinction for so small a| one may be obtained. The roof as here treated becomes a conspicuous feature and we have, therefore, given it distinction by roll- ing the edges somewhat after the | should link up real es | with | swer, | ness outlook. Suiz- d roof fashion of a thatched roof and cut- ting back the peak to give it a line of grace. The two chimney pots could be of unequal size just to break any sense of stiffness. Since the prices of material and labor vary so materially in different localities, we do not attempt to give an estimate as to the cost, but sug- gest that you consult your local builder, who can give you detailed information as to the costs of your exact needs to be installed in this design. For information as to the procur- ing of the building plans of this House Plan No. 11, send stamped and Estate Editor, The Star. (Coprright, George Matthew Adams.) WX simply & bevy of flowers, shrubs, I vou need work, read the columns of The Star. want -- Outstanding Valu OPEN FOR YOUR INSPECTION TOMORROW AFTER 2 P.M. Saul’s Addition ' tion, combines to make a complete and practical home. self-addressed envelope to the Real | REAL ESTATE. " 13 REALTY VALUES AT PEAK, SAYS NEW YORK BUILDER Next Year to Determine if Situation I Temporary—Moderate Rental. Found Stiil Lacking. analysis of the real estate, with a possible dut in tion, the Mazagine of Wall Street | tions: (1) In business, (2) in securi- presents the views of three leaders | ties, and (3) in building in the realty world | “Even Joseph P. Day, identificd for many | years with soma of the most impor- tant real estate projects in this coun- try, said: “There has unquestionably been 2"‘ overproduction of dwelling houses in New York City and the neighboring territory. 1 might say the same s uation generally is true of other large urban centers in the United States, “Real estate values are over the| peak. ' Next year. however, will de-| igh cost termine whether or not this is a tem. | MON®Y Was there and it had to be ir porary situation. The trend .in m:-‘ rested momectiow next few months should be closely | 1% ope on the road to recover. observed. It may be that the t -\}A"" she induce American mendous building activity of the past | 2 ”‘f.“ tcipate Sinf o eaoc s few years has finally overreached|¢™¥? If 0. then the answer to the itselr the sense t L a good ized | 9" o aficetle o valucsalstd balt will be required.” "“,!‘l‘,‘l\w the only for | PrEssing the | the is | rope is finally three dire: with business and secwrity needs cared for, there was still a hug. surplus ready’ for investment and which had *o be invested if the moneyv was be permitted to make an rnings whatever. This is the rea- on why the builders of the country engaged in their stupendous opera tions of the past few years, when it might have been expected that this would be rendercd impractical on a« count of the high cost of lahor and the high cost of materials. But t 10 pa or economic depression solution to the poor man's probiem,” accordinz Bailey, chairman of 1 Prudence Co. and hea iates, Inc. building boom, in my opinier has pas its peak and is on the 4 cline. KBut the situation is comp. cated building boom, which siill continuing. has been the great- €st cver seen in the history of thi labor unions have been < and construc The vital peint hat practically all construction has been with incomes of $3 rd annualky for Finds Anxwer in Europe. “The question of the look real estate values and rents in United Stas particularly in Zast, can be apswered only if it first determined that I on the road to recovery The above unexpected made by John T. Doty the Foundation Co., direct qu, ber of the house answer was president of in response stion put to him by a mem- | count editorial staff of the n ga- | able to ma tion ha to be o of th and up “Construction You are perhaps surprised th: e values ir New York and 2 territories, for example. what ostensibly seems mote Juropean situation European outlook nishes an- | past five not only to the question o what is going to happen to r but is the answer general question of the entire busi- place. such : roundinz earner has been p demand for mod- accommodatio d and cannot be costs and prices substantia terial c movement her is iu In other words problem can on an era of cconom s not pplied “If ther rece “It is to be recalied that durin ars, we have inve littie capitad abr, sight at this As a result of the wealth gener the poor man in this country during the war period | be solved by and after, a tremendous surplus of funds has been built up, | the ed ano might be exp g Massachusetts i Park ! Washington’s most beautiful res section of detached | homes. Containing seven million feet of forest-covered land, with six_miles of improved streets. Includes what _remains of The Triangle of Increasing Values between Connecticut, Massachusetts and Cathedral avenu Over 200 homes irom $15,000 to $200,000 built and under con- struction. Actual improvements and home values exceed $8,000,000. Wooded villa sites, lots, central and side hall {] homes, with lots from 50 to 115 feet front. Park Office, 32d |} St. and Cathedral Ave. Middaugh & Shannon, Inc. VSTABLISHED 1 | Riggs-Semmes Bldg., Dupont Circle, Potomac 2200 S — e e Cleveland Park - - - - - 3622 Ordy Street Price Only $16,750 One of, if not the only available NEW detached homes in Cleveland Park, convenient to the Cathedral and Cleveland Park public school, which can be obtained at such a modest figures. It has many advantages: Loca- construction and every modern convenience that It is individual in plan and attractive in appearance and the features include : Four bedrooms ; oak floors throughout ; spacious living room with fireplace: two large screened porches ; side driveway to garage. 624 Quebec Place N.W. SEMI-DETACHED BRICK It is seldlom a Kennedy-built house is offered for sale and we consider this home one of the most attractive and well built houses in the Northwest section. If you will onl y take time to inspect this property you will be delightfully surprised and thoroughly convinced that you have been through a real, honest-to-goodness, 100% HOME. A superior house in every sense of the word. It is spacious in proportion and ideal in plan. Four splendid bedrooms; three roomy porches; hardwood floors; attic; numerous built-in features and every modern improvement. front and side lawn. Lar; Beautiful lot 34 ft. wide with ge brick garage on wide, paved alley, Price, $13,250 LIBERAL TERMS