Evening Star Newspaper, July 17, 1926, Page 22

. statutes like to ours.” REAL’ ESTATI. . CERSGAGENTS |0 UPHELD BY COURT! New York Appellate = Body Calls Profession-One of Trust and Ability. Ruling of the New York Court of Appeals, the “highest court of the State, holding that the legislature of the ‘State “acts within its lawful powers when it establishes a system of licenses for real estate brokers, with annual renewals,” is of great impor- tance as-supporting the whole prin. ciple upon which real estate Jicense laws have been enacted jn 22 States, according to un analysis of the. text of the decision made by the National Association of Real Kstate Boards. The opinfon of the' court is ‘predi cated squarely on the thesis that the real estate broker, by the nature of his calling, acts in a fiduciary cap, acity requiring both trustworthiness and’ specialized - knowledge, and that it is & ‘matter of public welfare that namission to that calling be.regulated by the State so as to insure the gen- eral public against intrusting its real estate matters to the, judgment of irresponsible or incompétent per- . sons. "“The_legistature has a wide dis- cretion in determining whether a busi. ness or occupation shall be barred to the dishonest or Incompetent,” the opinion of the court states. “Tt is said there are callings 8o in- veterate and basic, so elementary and innocent, that they must be left open to all alike. whether virtuous or vi- clous. - If- this be assumed, that of Bruker = net ons of Copate Sl Souiheast corner of Thirteenth and L streets northwest, which has gold for William A. Hill Co. o the Third Chureh of Christ, Scientist. - n was negotiated through the office of Moore & Hi mmer was formerly used by the Church of Our Father, sonte alterations, the (hrhthn Science Church will utifize it trinsic nature of the business com- bines with practice and tradition te at- test the need of regulation. ““The real estate broker is brought by his calling into a relation of trust and confidence. Constant are the op- portunities, by concealment and collu- | sion to extract,illicit gains. We know from our judicial records that the op- portunities have not heen lost. With temptation so aggressive, the .dis- honest or untrustworthy may not rea- sonably complain if they are told to stand aside. “Less obstrusive. but not negligible_ are the perils of incomnetence. The broker should know his duty. To that end. he should have ‘a general end fair understanding of the obliga- tions between principal and agent.’ Dislovalty mav have its origin In ig- norance as well as fraud. “He should know, so the Legislature has said. what is meant by a deed or a lease or mortgage. At any moment he mav have to make a veport as to such matters to expectant buyvers or lesseee. Often he. goss further, per- haps too far, and prenares a memo- randum of the contract. He is ac. ‘eredited b his calling in the minds of the inexperien or the ignorant with & knowledge greater than their own. “The Legisiature of many States, awakening to these evils. have adopted the opinion further states. citing 12 such statutes. “Legislation %o general marks a ris- ing tide of opinion which is suggestive and informing.” The decision of the New York Court of Appeals was brought on a case in- volving the attempt of a broker to collect a commission for Services as a real estate broker which he had per- formed at a time when he had al- lowed his real estate broker’s license ed to lapse. It therefate did not involve at any question but the straight'question Tha Best Houses for the Price Asked in any of the constitutionality of the law re- of Washington - B s o e Living Room, Dining Room, Breakfast Room, Pn!fi and Kitchen on First Floor Three Splendid Bedrooms and Attractive Balh Abundant Closet Space Every Modern Convenience and Comfort, Garage in Your Cellar B e Modest Cash Payment : Price, $1,000 Less Than Real Value . Price, $10,000 Place at Tunlaw Road N.W. . On the high ground north of Georgetown and justa & short distance from the Episcopal Cathedral Section. , | _ Overlooking Glover-Archbold—Wonderful New Park .~ Houses Honestly :Built, Splendidly, l’hmd! Tnlyefully ‘D?»r York law that an applicant be a cfti- zen, and that he must. If required by administers the real estate not only give information t his responsible character but alse give proof of his competence. Seasonal Changes in Home. Upon the arrival of warm weather every housekeeper enjoys muking cer- tain changes in her house furnishings, which not only reduce thé work of car. Open for Inspection ing for her possessions but also lend a cool. summery atmosphere to her Your Own Broker or * Il LEE D. LATIMER COMPANY The Journal says an absent-minded 912 15th Street N.W. Topeka man lighted a firecracker from his cigarette And then threw the ecig- Main 4146-7 arette away. He is resting comfort- ably, according to the Journal. 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Inspect many :unique - under-/ surface details in homes now being built:' ‘The ‘of the land” with its harmonizing homes will con SHEPHERD PARK Wl,!nunity in wi .want to make your home. TR NRN _—_—_—_————-—-————— —_____—________.___—_——— SPUNSBRS BAIJS Johns Hopkins U. to Ctmduct Real: Estate Classes . Next Fall. Johns Hopkins University of Baltl:’ +| more, wiil open a course in real estate’ practice_ this which eill n ‘| be. mt‘lo the enz:flllllfl\ M'}gfl school of~ busineds _economics. mmg‘ri o Estate . Board sponsoring courge, ‘IIII‘IMM a minlmum number of enroliments. n scholarships have been.offered by th‘ imore realtors to encour- age - better educational prqnuunn for the real estat: & George C.. Smith, a mtmbar of the executive comiittee of the industrial property division of the National As- soclation 'of Real Estate’ Boards for 1927, will act as instructor of the classed. 'He has served as director of the Industrial Bureau of. Balti more, and he is a. member of the Baltimore Real Estate Board's di- rectorate and committee on ethics and. arbitration, .. The Baltimore Real Em- nourd' committee on education is planning : The u.u*vefluuumm (n" funda.- | v mentals,”” In ‘butlining ' the courses, fi:: the Baltimore board has taken as is guide_outlines furnished by. the Na. uo-l A-ocmlpn of ‘Redl te . ed enur-- oonduct by its'~ member !'a th put Iflv h r the years the co-operated with' the Unmm of lu!yluld in- conducting a course. ncnued 1!.! per cent in the same period. e (A wit n bome may be worse. than & breach. of promise suit at court, says the Chicazo News. Sale 61: Exchange ' ‘256 acres within short distance of Rock- ville, about ‘one nnle fronhge on concrete Shumd ldellly lout_qd for mbdlmwn. Owner—Col 10408 or Main 7950 . is the most attractive Community in Chevy Chase Made so by its picturesque setting; its exclusive neighber- hood and these remarkably attractive Homes. | Only 3 Left —of ‘the first dmlopment on Davidson and Norwood Drives; Center ‘Hall and Cottage fully fixtured; fitted with Fri daire ate garages. distinctive design—beaiti-. Electric refngn-m:—upu- +The lots are from 50 to 75 feet wide and more tlun 130 feetv deep—growing lawns, properly planted. 512 One al 950 ¥ Terms ‘are very attractive. Two at $14, 950 Rl Owner and Builder of Communities CK CREEK PAR - ESTATES - REAL' ESTATR" Jameson-Built Homes! 1@0 to 1850 Potomac Ave, S.E. ' Over 100 Sold e a1 Selling Fast h 'fla\i blocks llrvm the new h.. % Ask lfit M— Who Owns Ose Built, Owned and For Sale by 906 N. Y. Ave. N.W. N 2 R e e e e T O 22 222 Supreme BEST HOME VALUE In All Washington 505 Webster St. N.W. Illinois Ave.—at Grant Circle | A home that you will be glad to have your friends’ see. From the front porch you have an unobstructed view of Grant Circle, the most ideal location in all Petworth. High elevation, coel and healthy, beautiful surroundings. Terms Arranged for You Open and Lighted Daily and Evening Until Sold 16th; Street Doubh-Dedser Busses to GRANT .CIRCLE D. J. Dunigan, Inc. 1319 New York Ave. Main 1267 BUY WITH CONFIDENCB—BUY A DUNIGAN ALL-BRICK HOME A awiitldinca: of Modifd! Shanish architecture located on e bglo -eleva- . tion. MJ Mowtlciby bcmmfu’ homes