Evening Star Newspaper, February 15, 1930, Page 16

‘g2 " REAL ESTATE. BLAINE ACTWOULD KEEP SHYSTER 0UT Proposed Law Is Modeled| After Regulation in Effect in 25 States. (Continued Prom First Page.) | “®f the District. Expenses of the com- ission and its staff would be paid out 7t the fund so created and from ap- Spropriations as Congress may make. | “ No license would be issued “to any | Person under 21 years of age, who can- }:‘g read, write or understand the Eng- language, nor until the commission +has received satisfactory proof that ~the applicant is trustworthy and com- rpetent to transact the business of a estate broker or salesman in such | & manner as to safeguard the interests | '8! the public.” | ‘The commission is directed to require &201 that the applicant for a broker'’s rHcense has “a fair understanding of the L i3 eral purposes and general legal ef- Large semi-detached dwelling at 4216 Thirty-seventh strect, which has been purchased by Mr. Roberts from Walter A. Dunigan. ‘fect of deeds, mortgages, land con- cts of :ale and leases, a general and ir understanding of the obligations ‘Between principal and agent, as well as the provisions of this chapter.” Every application for license must be accompanied by the recommendations ‘ of two residents of the District, real estate owners, not related to the appli- wcani, who certify that the applicant Bears a “good reputation for honesty, truthfulness, fair dealing and com- Ppetency 3 Every application for license would ve to be accompanied by a bond for $1,000 running to the District, executed by two “good and sufficient” sureties, to kehl‘rpmved by the commission, or execuf by a surety company au- thorized to do business in the District. Can Sue on Bond. If a licensee fails to observe the pro- visions of the license code, any injured person is to have the right to action against the principal and the right to sue the surety company to the limit of the bond. Provision Imission, “with due regard to the pa mount interest of the public, may re- quire other reasonable proof of the honesty, truthfulness, integrity, repu- hflgn and competency of the appli- cant.” The annual fe for broker's license would be $15 and for the real estate salesman $5. Real estate brokfizrs or éluesmegiu:s persons or corporations, could not bring action in court for collection of com- imissions unless such person or corpo- ration proved it was duly licensed at | the time of the alleged cause of action. Licenses eould be revoked by the com- mission upon proof that the salesman or broker obtained license by false or fraudulent representation or that the is found to have committed the following acts: h-&am any substantial misrepresen- n; ‘Made any false promises of a char- acter likely to influence, persuade or induce; “Pursued a continued and flagrant course of misrepresentation, or making of false promises through agents or salesmen, or advertising or otherwise; *“‘Acted for more than one party in a transaction without the knowledge of all parties for whom he acts; consideration as a real estate salesman for the performance of any of the acts specified in this act from any per- son, except as employer, who is a licensed real estate broker; Must Remit Promptly. “Represented or attempted to re sent a real estate broker other the employer, without the exp: knowledge and consent of the employer; “Failed, within a reasonable time, to account for or to remit any money, valuable documents or other property comin, lnt:! his possession which be- others; “Demonstrated such unworthiness or broker or salesman as to endanger the interests of the public; “Paid or offered to pay a commis- sion or valuable consideration to any person for acts or services in violation of this act, with knowledge of such violation or where reasonable diligence has not been exercised to require such knowledge; or “Been guilty of any other conduct, whether of the same or different char- acter from that hereinbefore specified, which constitutes fraudulent or dis- honest dealing.” Before denying an application for license, suspending or revoking license issued, the commission shall hold a E:bllc hearing on charges which may initiated by the commission or other parties presenting subst proof making a prima facie case against a salesman or broker. The commission would be empowered to subpoena persons in the District or 4411 Third Street N.W. Highest Elevation Easy Terms 20 Ft. Wide Colonial - type tap- estry brick home of six large rooms, hard- wood floors and trim, spacious kitchen, o built-in cabinets, one- piece sink and newest Frigidaire. 2-color tile bath, built-in tub ‘and shower, large closets, breakfast and sleeping porches, screened, garage. Close to schools, stores, cars and busses. Also same type houses with 8 rooms at $9,950. Opened and Lighted Until 9 P.M. _CAFRITZ District 9080 3311 Cath edral Avenue Overlooking thev National Cathedral $18.950 T r—— Situated at the corner of 34th and Cathedral Ave- nue—with combined frontage of 192 feet. Center-hall brick residence—large living and dining rooms—wide covered veranda—4 bedrooms, maid's room and bath, TWO-CAR BUILT-IN GARAGE and all conveniences. Every room with southern exposure. Naval Officer has priced it to SELL. 1704 Connecticut , Avenue “‘Accepted a commission or valuable | incompetency to act as a real estate | pu Remarkable Values fr D | | to have depositions taken in other j | risdictions and would also have power | to_require production of books and| | other records. Any party to hearing would have the right to subpoena wit- nesses. Can Compel Observance. If a resident refuse to comply with such subpoena, lawfully issued, the Su- preme Court of the District is directed to issue an order to compel observance, and failure would be punishable by | the court as contempt. All findings of fact and questions of law involved in any final decision by the commission would be subject to review by the Supreme Court of the District. Appeal may be taken from the court as under civil actions. Non-residents of the District could obtain local licenses and the District would recognize the license held by a non-resident if issued by a State having a similar code as that proposed here. ‘The clause designed to prevent the “faking” of a real estate deal for the r{:ou of misrepresentation reads: “It shall bs unlawful for any person co-partnership, association or "corpora- tion to enter into or become a party to any contract, agreement or understand- ing, or in any manner whatsoever to consider, combine, conspire or act with another or others. is not a bona fide sale, out is instead a simulated sale of ‘such pmtgeny, executed for the pur and wi the intent of misleading others Jameson-Built 906 New York Ave. No. 12 Blackthorn St. Chevy Chase, Md. $12,750 Owner, leaving the city, is offering this attractive Dutch Colonial center-hall type home at a SPECIAL PRICE. Beautifully situated—between the two COUN- TRY CLUBS—an ideal location. sun parlor, and every modern convenience. yards WEST of Connecticut Avenue on a beautifully landscaped lot 70x120. Garage. 6, 7 and 8 Large Rooms Now Ready for Inspection 415 to 445 Jefferson St. N.W. 938 Quincy St. N.W. 1337 Taylor St. N.W. 1521 to0 1527 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. JAMESON CO. iscriminating Purchasers NG STAR., WASHINGTON, | |as to the value of such property, and | which, in fact, does 50 mislead and tor) defraud others to their detriment; | “Or (b) to execute a mortgage or deed of trust upon real property sit- | uated in the District of Columbia that | does not in fact represent security for a bona fide indebtedness, but which is in reality a simulated transaction, ex- ccuted for the purpose and with (he intent of misleading or deceiving others as to the value of the property and which does mislead, deceive or defraud others to their detriment.” ‘Would Revoke License, If a salesman or broker be convicled in court here or elsewhere of forgery, embezzlement or other similar crime, the commission is directed to revoke forthwith the person’s license, if any | then in force. | Penalties for violation of the proposed |law are a fine of $500 or six months’ | imprisonment, or both, for & salesman or broker, and a fine of $1,000 for a; corporation. | .. Prosecutions would be begun in Po- | lice Court under the direction of the corporation counsel of the District, act- ing for the commission. | Licenses would not be required of | receivers, referees, administrators, ex- iecumn, guardians or other persons ap- | pointed or acting under the judgment |or order of any court; or public offi- | cers performing their official duty; or attorneys at law in the ordinary prac- tice of their profession; or trustee or auctioneer acting in foreclosure; or | bank, trust company, building and’ lvan assoclation, land mortgage or farm loan | association when engaged in the trans- action of business within the scope of its corporate powers. 70 Conduct Survey. The mortgage and finance division of the National Association of Real Estate Boards has voted to ask the mortgage councilors of the division, who consti- tute a national committee for informa- tion on mortgage situations in the prin- cipal cities of this country, to conduct a survey in each city represented by a councilor and make a report on the local mortgage factors. BUSINESS PROPERTY LEASES We ma in Finding the Right Location CONSULT MR. BRENT BOSS m PHELPS Estab. 1907 National 9300 Model Homes 1417 K St. Inspect at Once The architecture of these fine homes has been carefully designed and selected by our experts of superior home de- signs. The ma been carefully selccted. All labor furnished by skilled mechanics of the best grade. ial also has 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 res Oak floors, latest fixtures; floor plugs in each room and lots of extras. Frigidaire and Garage With Each House FOR SALE BY National 5526 “Ask the Man Who Owns One” Six lovely rooms, Just 100 Potomac 0830 D. C. SATURDAY, FEBRUARY 15, 1930. BUILDING DECLINE - DECLARED LOGICAL | Report of Associated Gener- al Contractors Is Optimis- tic for Future. increase in Federal funds ?l:o‘:e‘uu.udm in conjunction with the funds of the various States on the im- provement of highways. The new act provides for $125,000,000 per year for each of the fiscal years 1931, 1932 and 1933, Since the fiscal year 1931 begins on tions is taken to mean that the volume of highway construction during the | coming season will be increased by at least $100,000,000 over the volume that would otherwise be undertaken. States that match their funds against Federal ald may let contracts early this Spring, and Ly carrying the light early pay- ments required by such early starting of operations can utilize the full volume of Federal funds in the Summer months when expenditures are heavy and prog- | The volume of construction performed | ress 1n construction is more rapid | during January, 1930, declined 38 points | from the level of construction job ac- | tivitles in December, according to a | statistical study just completed by the | Associated _ General Contractors of America. This decline L THE HOME BEAUTIFUL is seen as logical result of the previous declines in Detached { contract awards which became manifest during the Summer of 1929.” 6510 7tll Place N.w_ ‘The outlog; ;az‘r )tlhe luture‘ is '::; S ceptionally gl owever, since Same. statistical study rev that the tmdnwoo:"hn t\.'-n Buren volume of State and municipal bond issues sold in Décember represents an Unusual _attractions. large lots, increase of 320 per cent over those of (| sara ul' ms, colored iile baths, November, and is equal to the largest volume of such bonds sold in any month since December, 1921, when a similar large sale of bonds ushered in the boom construction years of 1922 and there- after.” ‘The proceeds from State and munici- pal bonds are generally used in public works construction, hence the contrac- tors’ association looks forward to a steady increase in construction activity in this field beginning with next Spring. A further development that indicates an increase in construction activity is | seen in the passage of the Federal aid | appropriations bill by Congress, which Price 39,250 Terms Open Till 8 O’'Clock J. Dallas Grady 1010 Vermont Ave. N.W. District 9179 IF YOU HAVE BEEN WAITING FOR A BARGAIN—HERE IT IS 1213 TRINIDAD AVE. N.E. $7,450 The above low price will represent a saving to you of about one thousand dollars and, best of all, this practically new home is thor- oughly modern and in perfect condition. Six good bright rooms, two big and inclosed porches (really two more rooms), tile bath, steam heat, natural trim throughout, -dwood floors, a built-in and heated §: e, paved stres stores and school aré very handy and the bus ht, by the doo You should see this bargain to fully appreciate its many fine qualities and conveniences. & Drive out Florida Ave. N.E. to Trinidad, turn left one square and see our OPEN SIGN. OPEN DAILY FROM 1 TO 7 AND ALL DAY SUNDAY R. M. HOOKER Tower Building Metropolitan 2663 Drive out Connecticut Avenue to Bradley Lane, turn left (west) four squares to property. 311 West Bradley Lane Located on the most prominent boulevard of Chevy Chase, sur- rounded by shade trees, this home contains six spacious rooms with two tiled baths, floored attic, large dry basement, roomy ing porch, garage. It has hardwood floors, hot-water heat, tantaneous gas heater and bronze screens, $l4\,950.00 Open for Inspection Daily and Sunday Until 9 P.M. M. & R. B. Warren 3950 Conn. Ave. Evening Phone, Wisconsin 3068 Wisconsin 2873 5423 NEVADA AVENUE A really outstanding opportunity to secure a new dise tinctive brick and shingle home CLOSE TO CONNECTI- CUT AVE., STORES and SCHOOLS, on VERY REASON- ABLE TERMS. Six spacious rooms and two beautifully equipped tiled baths. The three bedrooms are full-sized with unusually large closets. Stairway to floored attic. Slate roof. Deep lot with detached garage. OPEN ALL DAY SUNDAY To Reach—Go east from Connecticut Ave. Ok Begationi St iof Nenste/ Abes | July 1, 1930, this increase in appropria- | REAL ESTATE, e Lol & P | Hme of Individuality 203 OXFORD ST. Chevy Chase, Md. A Location with Inspiration This new English Cottage type home, amid a grove of giant trees, consists of 6 sizable rooms, 2 baths, entrance hall, coat closet, large concrete porch. Featuring paneled walls in old ivory, stone fireplace, special cabinet in modernly equipped kitchen, 3 lovely bed rooms, also 6 large closets, attic, 70 it. lot, garage. Price, §$17,950. Drive out Conn. Ave.. just morth of the circle, to Ozford st.. 2 blocks to the right, or phone for closed ‘car to inspect home. Heath Berry e Phone Col. 8582 pE— C. H. GASKINS’ MARIETTA PARK HOMES A Beautiful Community Where All Homes Are New and Pretty Without a Doubt the Finest Value Ever Offered in a Detached Brick Home: oy $11,950 Terms ‘These attractive Colonial detached brick homes contain seven large rooms, reception hall, two-color tile bath, bullt-in tub with shower. Practical fireplace ornamented by attractive wall fixtures, Hard- wood floors and woodwork throughout. Massive Colonial concrete tront porch, private braakfast porch. Beautifully equipped kitchen, pantry, latest Frigidaire. Attic over entire house. Slate roof. Weather~ stripped throughout. Bone dry cellar, automatic water heater, serv- ant’s toilet, laundry trays. Spacious lot, beautifully planted and shrube bed. Garage. 431 Oneida Street N.W. Drive out 5th St. to Oneida—or take 14th St. car marked Takoma Park, get off at Peabody, walk wesi 113 West Thornapple St., Chevy Chase, Md. $12,950 Situated on a beautiful lot 60x120 feet, with lovely lawn and terrace and several virgin shade trees. The house is of charming colonial architecture, having wide entrance hall with coat closet, living room, dining room, breakfast room, kitchen, pantry and spacious side porch on the first floor and FOUR BED ROOMS, bath and enclosed and heated sleeping porch on the second. Southern Exposure, open fireplace, SLATE ROOF, hardwood floors and built-in darage are some of the delightful features that make this a REAL HOME. OPEN SUNDAY FOR INSPECTION Directions: Drive out Conn. Ava. to Thornapple St, thence left one square to the house. SHANNON & LUCHS, Inc. Exclusive Agents 1435 K St. N.W. Nat. 2345 Edw. H. Jones & Co., Inc. 5520 CTongeiAve. . Cleveland 2300 Experienced AdvertisersPreferThe Star * "