Evening Star Newspaper, December 14, 1929, Page 15

REAL ESTATE. REALTORS T0 SEEK BETTER SALESMEN System of Co-operation to Weed Out Undesirables to Be Studied. The development of a system of co- operation _between realtors to handle | the investigation and training of those entering the real estate field as sales- _men will be given an exhaustive study, ‘according to J. Leo Kolb, chairman of the brokers® division of the Washington Real Estate Board. At the meeting of the brokers' division held at the Am- bassador Hotel Monday a tentative out- line of the proposition was given the members. “Fundamentally, the suggestion is de- signed to gradually eliminate those who are unfit, unworthy and incompetent and to supervise the employment of | galesmen in the future. To a large ex- tent the salesmen form the first con- who drew plans for the house. Brick residence of unusual design ii EVENING STAR, -WASHINGTON, in Aurora Hills, Va., built for Mr. McArn, 1t was built by the Aurora Hills Homes, Inc. tact with the public and frequently is the only representative of the realtor who meets the prospective home owner or investor unless or until the transac- tion is consummated,” he states. | “It is expected a system can be work- ed out whereby the Real Estate Board | can relieve its members of interviewing | and investigating applicants for posi- tlons as real estate salesmen. In this manner a central agency would be es- tablished, to which all members would yefer prospective applicants. Each ap- licant would be submitted to a rigid El\'(‘sngnflon and if found satisfactory he would be registered with the board and available for employment by the member who referred him to the board originally. In addition, all salesmen em- loyed by realtors at the present time would automatically be entered in the registry and would furnish the board the same .general type of information that is required of salesmen under the proposed real estate license law. “In the case of applicants who have had no experience in real estate, if upon investigation they are found sat- fsfactory in respect to character and education, they will be given a course of training in the board before they actually enter the employ of a mem- bor. Incorporated in the suggestion was an agreement between members of the board not,to employ any sales- men until he had qualified with the poard and not to permit salesmen to ansfer from one office to another ithout doing so through the head- guarters of the board.” Chairman Kolb appointed a special eommittee to study the suggestion and report back to the division a concrete plan of operation. This committee con sists of John F. Maury, chairman; Mo ¥ris Cafritz and'R. L. McKeever. A sug- gested program of activities for the | coming year was outlined informally to the division and Chairman Kolb an-; nounced that he would appoint spe- cial committees from time to time to develop the ideas and suggestions which have been’ presented to the division. In each case the committees’ would make a written report to the division Bt one of its regular meetings, which Mr. Kolb said would be held monthly during. the coming year. BIDS ARE REQUESTED FOR NEW NOVITIATE Franciscan Fathers’ Home in Hv: ard County Is Expected to Cost $300,000. 8pecial Dispatch to The Star. PBALTIMORE, December 14 —Plans for the new novitiate of the Franciscan Fathers, Minor Conventual, at Folly Quarter, Howard County, have been completed and bids for the construction f the building have been asked from uilders. Cost of the structure will be 4n the neighborhood of $300,000, it was i Baid. The building will be a two-story stone structure with basement, and will ac- commodate 60 students. It will be erected around a rectangular court, having a one-story cloister, and will be epproximately 190 by 173 feet. Besides sleeping rooms, the building will contain a chapel, refectory, recrea- #ion and community rooms, library, etc. Folly Quarter originally was a part of Doughoregan Manor, the oldest of the estates of Charles Carroll of Car- rollton, and comprises about 250 acres of land. The mansion, a massive stone tructure, was built by Mr. Carroll for his daughter, Mrs. MacTavish, and was completed in’ 1832. WOULD END PRACTICE. 1 |Architects Frown on Custom of Christmas Remembrance. The Wisconsin Chapter of the Amer- fcan _Institute of Architects urges pbandonment of the “custom of remem- pering architects at Christmas time by | ontractors, venders, material men and pther individuals.’ { This custom, according to a resolu- tion adopted by the chapter, “works a | hardship on innumerable companies | 0 can merit the good will of the| architects by efficiently taking care o{‘ the business given them. | [SSSSSSSSSSS SRR SRS AR A A Christmas Present ! for Your Dear Ones New Homes 3rd & Allison Sts. 6 ROOMS—3 PORCHES FRIGIDAIRE—GARAGE $9,250 AN AN ATTRACTIVE FEATURES AN Colonial Buff Brick Home 20 Ft. Wide by 32 Ft. Deep Slate Mansard Roof Covered Concrete Front Porch 2 Screened Rear Porches Reception Hall, Coat Closet with Plate Glass Mirror Door Beautiful Living Room Daylight Kitchen, Fully Equipped Frigidaire Large, Bright Dining Room Spacious Master Bed Room 2 Other Large Bed Rooms Blackh and White Tiled Bath Built-in Tub and Shower Concrete Cellar with Toilet and Laundry Trays Automatic Hot-Water Heater Gabled Roof Garage Artistic Decoration Paneled Wallpaper Hardwood Floors and Trim Wardrobe Closets with Lights Screens Throughout CAFRITZ 14th & K . 9080 AN REEEREFEEREEENARANNRSES e WASHINGTON IS APARTMENT CITY P. C. Bowie Writes on Natio in Book, “Real Washingtcn as a city of apartment residences is discussed by Pleasanton C. Bowie of the property management department of the H. L. Rust Co. in.a paper included in “Real Estate Prac- tice,” 1929. a book publication of the National Association of Real Boards. Estate The National Capital already has been dubbed “A City of CIff Dwellers,” by Ethelbert Stewart, commissioner of Iabor statistics. pleted by the Operative Builders' As- sociation shows that apartment houses containing 2,040 units have been erected or placed under construction this year to date, at a total cost of $12.304,500, or more than $2,000,000 more than’ the Government s spending annually in the construction of the monumental new Federal buildings here. ‘The survey just com- Apartments Face Competition. ‘Washington, Mr. Bowie declares in the realtor book, “exceeds any other city in the country of its size in apart- ment development and, in recent years, no other city in the country has built s0 many apartment houses with the ex- ception of New York and Chicago.” In explanation of this, he writes: “The population of Washington is in the neighborhood of 552,000 and of these 62,140 are Government employes under the Civil Service laws, and about 7,900 that are not under Civil Service. In addition, there are about 2,500 legis- lators and their employe$, and about 500 employes under the judicial service, making a total of about 73,050 under the Federal and District pay roll. average salary for the employes under Civil Service, including the heads of de- partments, is under $2,000 per year. ‘The Feeling of Impermanence. “With this condition existing, and about 40 per cent of the population on a fixed salary,.an idea can be gained of the competition that the apartment house and property owners are facing. “The popularity of the apartment Exceptional In a nal Capital in Paper Included Estate Practice.” house in Washington probably is due largely to the feeling of impermanence of a part of the population which is made up of Government employes, who are subject to transfer; members of Congress who reside here only part of the year and many service people who are stationed here for indefinite periods. “It has been constantly said during the past few years that Washington has a plentiful supply of apartments, yet no difficulty is found in renting new buildings, most of the vacancies being in the older buildings. This is due largely to the more conveniences and comforts that are offered tenants in newer structures.” DESIGNS APPROVED. Architects’ Council 0. K.’s Plans for New Dwellings. Designs for three new dwellings in Washington have been approved by the Architects’ Advisory Council, composed of members of the Washington Chapter of the American Institute of Archi- tects. The jury approved plans for the signed for W. C. & A. N. Miller by G. E. MacNeil, to_cost $10,500; dwelling for 4929 Butterworth street, designed for O. T. & W. A. Carr by G. Arthur Brodie, to cost $6,500; and the dwelling for 34 Kalorama circle, designed for Willilam A. Hill Co, by J. J. Whelan, to cost $35,000. e Consider Possible Growth. The future development of the dis- trict and consequent increase or de- crease in the value of his property should not be overlooked by the pros- pective buyer, Though he may not be building for ‘an investment, the wise man considers carefully the financial end of the problem. New Homes Most Conveniently Located Section 1207 Owen Place N.E. Open Daily This attractive new grou the most accessible sections tunity to buy a REAL home. Until 9 P.M. p of houses, located in one of in the city, affords an oppor- . They are carefully planned to meet the housewife’s every convenience, and substan- tially built of the highest quality workmanship and ma- terials, Six bright, large rooms, with handsomely paneled walls, hardwood trim, oak floors and artistic electric fixtures; a white tile bath with built-in tub and shower; three large porches; a builtin garage. The new Green Jacket heating system insures comfort this cold weather. alleys paved. Only Streets and $7,975 Very Easy Terms Robert E. Kline, Jr. Owner—Builder 718 Union Trust Bldg. Or An; Natl. 6799 y Broker Owen Place is 4 blocks north of Trinidad and Florida Aves. N.E. Jameson-Built Model Homes 6, 7 and 8 Large Rooms Now Ready for Inspection 415 to 445 Jefferson St. N.W. 914 Quincy St. N.W. 1337 Taylor St. N.W, 1521t01527 Isherwood St. N.E. Isherwood St, One Square North of 15th and D Sts. N.E. 1601 to 1619 D St. N.E. THOS. A. J 906 New York Ave. Inspect at Once The architecture of thesc fine homes has been carefully designed and se- lected by our experts of superior home designs. The material also has been carefully selected. All labor furnished by skilled mechanics of the best grade. These homes contain six, seven and eight large rooms, tile bath and built- in tub and shower, one- piece sink in kitchen, extra large porches front and rear. Oak floors, latest fixtures; floor plugs in each room and lots of extras. y Frigidaire and Garage With Each House FOR SALE BY AMESON CO. National 5526 “Ask the Man Who Owns One” dwelling for 4340 Garfield street, de- | LOWER TAX ASKED BY REALTY BOARDS Capital Gains Rate Should Not Exceed Rate on Cor- porations, Is View. A reduction in the capital gains rate of taxation so that the rate on capital gains will not in any event exceed the tax rate on corporations is being asked of Congress by the National Association of Real Estate Boards. The association is asking that this reduction be included in the proposed tax reductions which Congress has been asked by President Hoover and Secretary Mellon to make in the Federal revenue act. A brief stating the association’s position is being prepared for immediate distribution to merabers of Congress. The position of the association was taken following a vote of its board of directors. The recommendations which the Secretary of the Treasury has made are as follows: (a) A 1 per cent reduction of the normal tax so that it will be reduced on the first $4,000 to 32 of 1 per cent, on the second $4,000 to 2 per cent and on the balance to 4 per cent. (b) A reduction of the corporation tax from 12 per cent to 11 per cent. According to the statement the total of this reduction is estimated to be ap- proximately $160,000,000. It is pro- posed this reduction take the form of a joint resolution. Action Is Proposed. With respect to this reduction the National Association of Real Estate Boards proposes action as follows: (1) To include along with a reduc- tion of the normal rate and of the corporation rate a reduction of the capital gain rate so that it will not exceed in any event the corporation rate. (2) 'To present to the President and to Congress the association's proposal that the capital gain tax be reduced along with the other income tax rates. The national association points out that the capital gain rate was estab- lished in 1921 and has had no reduc- tion since, whereas all other rates have been reduced substantially—a number of times. A reduction of the capital gains rate would tend to promote trade, increase the revenue and to eliminate eny condition of frozen assets, the assoclation holds. Probable Market Effect. If the capital gains rate had been lower, it is possible that the recent crash in the stock market would have | been less severe, the association’s brief will contend. “It has been stated several times that much of the heavy selling was due to the fact that many holders of stock refrained from selling against ~their judgment because of the heavy tax, only oftentimes to unload when the crash came instead of selling in an orderly way as opportunity occurred or the market warranted,” the announce- ment adds. “It would be inequitable and dis- criminatory to permit the corporation to be taxed at a lower rate on the gain from the sale of capital assets than an individual,” the association states. It ;.. C holds that the capital gain tax should be reduced to the present corporation rate, 12 per cent, and should always be | given at least the reduction that the' SATURDAY, corporation receives whenever 1t is reduced. - The association reiterates the general position which it has previously pre- sented at open hearings held by the joint committee of Congress on inter- national revenue taxation, and will file with the committee, now at work on proposed changes, a brief asking that adjustments be made in the revenue act which would bring the requirements for returns into “more equitable con- sonance with the actual conditions under which income from real estate or real estate transactions is received in the ordinary conduct of business.” SMALL HOUSE BUI[DING IMPROVEMENT IS SEEN Analysis of Loans Shows Greater Number of Masonry Dwellings Are Being Constructed. ‘The growing disposition on the part of loaning institutions to improve the quality of small house construction is ve1 ’ clearly indicated in a recent article by George A. Martin, president of a building and loan association. Mr. Martin says in part: “An analysis of loans made last year by our associ- ation shows that a higher percentage of masonry houses ,were being built than ever before in our history of some 30 years in New York home financing ac- tivity. “This same analysis of our loans told us that more home buyers were de- manding durability in building mate- rials, and were more insistent on high class building methods. Of the houses considered by us 31 per cent were brick or stone, a very high percentage indeed. The plans and specifications for a goodly part of this small house con- struction showed us tha§ buyers had been learning from friends and neigh- bors the high toll which poor construc- tion takes of the owner's money in up- keep costs. Loaning institutions generally have during recent years like this Eastern as- sociation advocated better building. ‘The reasons for this are obvious. In the first place, to protect money which they loan on buildings. Financial uncertain- ties develop that require the mortgagee to take over the house, so high resale value and low rates of depreciation are very important items. Second, and probably equally as important, they are trying to protect their client against poor and in the long run expensive construction. It has been definitely proven that pride of ownership is stronger where the house has stood up against time and weather than where, due to inferior workmanship and mate- rials, quick deterioration has set in. STANDARDS ADOPTED. Los Angeles Board Selects Basis for | Appraisers’ Work. The board of directors of the Los Angeles Realty Board has unanimous- ly indorsed the standards of appraisal practice which were adopted by the National Association of Real Estate Boards at its latest annual conven- tion, as the procedure recommended for realtor appraisers to follow in order to insure sound valuations of real estate. The Los Angeles board is the third member organization of the national association to take official action ap- proving these standards of practice. The Boston Real Estate Exchange and the Real Estate Board of Newark, N. J.. have previously adopted the na- tional recommendations as standard for their own local boards in appraisal procedure. WA cation, in the heart An inspection possibly select. W 809 15th St. N.W. The Washington Building XIMUM light and fresh air— beautiful building—high-class service—modern conveniences—ideal lo- trict right opposite the U. S. Treasury— these are some of the advantages which this fine office building offers the business man who wants the best accommodations possible for his particular enterprise. Office suites of any desired size may mow be obtained to suit your requirements. ill convince you that this is the most desirable location you could REASONABLE RATES EAVER BRO R > REALTORS of the financial dis- District 9486 nar; Open daily until 6 pom. dral Ave., west to 29th awd 1418 Eye St. N.W. SANSBURY WOODLEY PARK ENGLISH HOMES Unsurpassed exclusiveness of environment—out- standing architectural distinction—at the price of ordi- y homes . . . One already sold. Brick construction with stone trim, six rooms, two baths, electric refrig- eration, 2-car built-in garage. EXHIBIT HOME 2910 CORTLAND PLACE Drive out Conn, Ave. to Cathe- J\G)@éansfiur;y COMPANY INCo Owners—Builders north to Cortland PI. one sq. Natl. 5904 | | | i DECEMBER 14,. 1929. [BALTIMORE TAX RATE IS PLACED AT $2.35 New Annex Levy Would Be 82 Pér Cent of F¥ull Charge Under Proposal. Special Dispatch to The Star. BALTIMORE, December 14—Ordi- nances fixing the cit tax rates for 1930 and allowing discounts for the prompt ayment of taxes were introduced i the City Council this week. The tax rates are: Full city rate, $2.35; new annex rate, 82 per cent of the full rate, 927; suburban rate, 73 per cent of REAL ESTATE. the full rate, $1.7155, and rural rate, 46 per cent of the full rate, $1.081. The State tax rate for 1930 will be 25 cents on the $100. Other fixed rates, which figured in the new ordinances, were $1 per $100 on shares of stock of banks, State or national, trust com- | panies, domestic casualty, surety, guar- | anty, fidelity companies and fire and marine insurance and finance com- panies, The estimated revenue next year, to meet appropriations totaling $53.679,- | 222.44, will come from the following sources: Taxation (all rates), $28,114,- 876.17; miscellaneous sources, $13.342,- | 165.05; loans, $7,596.950; park funds, $1,230,000; mayor and City Council real | | property account, $400,000. | A community's appearance, in the | | main, determines property value and | | community value APARTMENT IS SOLD. Unnamed Local Investor Buys Florida Avenue Property. The colored apartment hsuse located at 1300 Florida avenue, containing 16 suites, has been sold by Harry Kite, Inc., to an unnamed local investor, it is announced today by the office of Robert W. Savage, which handled the transaction. The ccnsideration was reported to be approximately $70,000. The building was erected several years ago by Harry Kite, Inc. Roof Fires Are Numerous. During the past year approximately 23 per cent of all residential fires in the United States started on roofs. i Situated amid ample this ndividus le_shade s 1s unquestionably one o D. C. Individually built, embodying every facility for comfart Six unusually large rooms, the convenience of tic brick open fireplace colored tile bath, separate built-in shower, in’ living awnines and met; represents a 3380 STUYVESANT PLACE An Individually Built Brick Home and a profusion of roses f the most charming homes in Chev. and_shrubbery, Ch: the houseckeeper. room. oak flaors throughout, pantry, sleepin weather strips. = Garage. At EXCEPTIONAL 'VALUE, (right) Open Sunday 11 to 6 Circle, turn’ east Schwab, Valk & Canby 1704 Connecticut Avenue on " Western' Ave. T S AR for 5, porch, cereens. the price offered it he n. a Conn. Ave. t to Stuyvesant Potomac ( L Massachusetts Park 3121 Cleveland Ave,> A Community of Magnificent Homes Burner, Slate Roof . Spouting . . . 2-Car Brick (1 LA L Pl No. 5405 39TH CHEVY CHASE, 1435 K Street N.W. An All-Brick Center-Hall Colonial . . . 5 Bedrooms, Studio Room, First Floor Lavatory and 3 Baths . . . Enclosed Sleeping Porch . . . Electric Refrigeration and Ventilation, But- ler's Pantry and Servant’ « Copper Guttering and DRIVE OUT CALVERT ST. FI CLEVELAND AVE.; PROPERTY O] (Between Military Road and Legation Street) B 1417 K s Stairway .« « » Oil ©) Garage. 'R Open All Day Sunday ) okonctl S St. OM CONN, AVE. WEST TO N NORTH SIDE NEAR 32D ST. National 9300 FJust Completed Unque stionably the outstanding new home offers in one of the finest sections of Conn. Descrip trance, center rec with of Chevy Chase, D. C., west Ave. Attractive center en- stone-trimmed doorway: eption hall, inviting living room tion: with fireplace, large dining room, and a fully equipped kitchen that is one of the finest we have ever seen. Three large, excellently planned bedrooms, two col- ored tile baths (shower): floored attic. Feature. floors STREET, D. C. tractive 2-car gara throughout; lined, metal weather stripping on at- rustic s: Copper screens, No. 1A oak every closet cedar finish, Sanitas walls. ge. The Price is the Real Feature Beautifully situated on a wooded lot, 45 by 140 feet, tastefully landscaped, having several unusually large oak trees. House Heated and Open All Day Today for Inspection National 2345