Evening Star Newspaper, June 15, 1935, Page 22

B—6 REA REALTRS RCE BROADERLAWS Right to Draw Up Certain Legal Papers in Deals Is Sought. kol Position taken by the National As- sociation of Real Estate Boards ,as to the realtor’s right to draw up deeds, contracts of sale and other legal papers, preparation of which is an in- tegral part of ordinary real estate transactions, is defined in a formal resolution adopted by the Board of Directors of the association at its regular quarterly meeting just closed at Detroit, Mich, The assoclation suggests provision be made in the real estate lcense laws of every State specifically to list this and similar ordinary funotions as permitted to qualified real estate licensees. The directors’ action followed a re- port made by the association’s Special Committee on Use of Forms and Con- tracts in Real Estate Transactions. The report was presented by Alfred H. Wagg of Palm Beach, Fla, chair- man. Text of Statement. The statement made by the Board of Directors, adopted by unanimous vote, is in full text as follows: “We hold that real estate brokers should be explicitly permittéd by law to draw such papers as are and have been considered integral parts of real estate transactions. To accomplish this it is necessary: “1, To enact license laws in States not having them, which set up quali- fications of real estate brokers, thus precluding the possibility of unquali- fled brokers attempting to draw such papers. “2. Specifically provide in all license laws that real estate brokers may prepare, incidental to their trans- actions: Leases, deeds, sales con- tracts (both conditional and outright sales); earnest money receipts; ap- plications for loans; mortgages; com- mission agreements; notices to vacate. And that brokers may appear in their own behalf or in behalf of clients be- fore tax appeal bodies, zoning com- missions and similar quasi-judicial bodies. | “We recognize that real estutei brokers should not draw wills, ex- | amine titles, prepare abstracts of title, prepare trust agreements, bring | suits for possession (not to be con- | fused with notices to vacate) nor give legal advice. Would Curb Attorneys. “We hold that attorneys should cease from giving advice on business aspects of real estate transactions and real estate investments, accept- ing (and/or demanding) division of commissions in real estate trans- actions, accepting and/or soliciting fees as real estate brokers, having ex- emption from existing real estate brokers’ license law provisions.” Bills, advocated by lawyers, which would have compelled the employ- ment of legal counsel for the draw- ing of every lease, deed, contract of sale or other legal paper used in an ordinary real estate transaction, in- troduced in the Legislatures of New York, Pennsylvania, New Jersey, In- diana, Michigan and other States at? current sessions, have been defeated. | The National Association points out | that such measures would not only | add unnecessarily to the cost of home | ownership and ordinary business transactions, but would also mitigate against the protection of the public set-up through the careful study made by real estate boards as to what is essential and-sound in real estate agreements of various types, a study which in recent years has led to the development of standard forms for many types of such agreements. The Board of Directors of the as- sociation discussed and approved a detailed report made by Walter 8. Schmidt, Cincinnati, president of the association, on suggestions which the association is making through President Schmidt concerning Fed- eral and private activities in the field of real estate and housing. The proposals have been discussed ‘with various officials of the Federal Government. SCHEDULED TODAY First “New American” Home in | Washington Will Be Con- structed Soon. Ground for the first General Electric | sponsored ‘“New American” house in the Washington area will be broken today by Waverly Taylor, Inc., local realtors and builders, in observance of National Better Housing day. ‘The New American Homes campaign is the outgrowth of the recent Gen- eral Electric architectural competi- tion, in which more than 2,000 sets of drawings were submitted by 9,000 architects. It is contemplated that one house for every 100,000 population of the United States will be built in connection with the “New American” program. It is estimated that the plan will provide work for at least 80,000 workers with an invest- ment of approximately $10,000,000. The plan is a co-operative one, the builder being responsible for the home, with the aid of the F. H. A. and local financing S THEY SHALL NOT PASS! When the thermometer hits the high 90’s, have YOUR home protected from the searing rays of the summer sun, INSULATE Sleep in comfort in a home kept cool and pleasant by insulation. Hudson Supply & EquipmentCo. L ESTATE. THE EVENING STAR, WASHINGTON, D. C, SATURDAY, JUNE 15 1935.’ New Residence on Kansas Avenue & Storage Co. Permits (Continued From First Page.) Smith, designer; to erect two 2-story brick and cinder block dwellings, 2927 and 2931 Northampton street; to cost This attractive home, at 5735 Kansas avenue, containing 10 rooms and 3 baths, was built for Mr. and Mrs. Ernest Zimmerman by the firm of Waple & James, Mr. Zimmerman is an official of the Merchants’ Transfer —=Star Staff Photo, Tung Oil Products Important In All-Purpose Painting Now The use of tung oil, begun in an ex- $6,000 each. perimental way 40 years ago, has Capt. W. W. Moore, U. S. A, 4617 | brought the consumer of paint and Langdrum lane, Chevy Chase, Md. |yarnish products a tougher, more elas- owner, designer and builder; to erect | tic more durable and waterproof pro- one 2-story brick dwelling, 3106 Chain | tective coating for every purpose, said | Breuninger. Bridge road; to cost $9,500. L. E. F. Prince, 1327 Connecticut avenue, owner and builder; Dillon & Abel, designers; to erect one 2-story brick, stone and tile dwelling, 1721 Holly street; to cost $9,000. L. E. Breuninger & Sons. K street, owners and builders; architect; to erect one 2-story brick and cinder block dwell- ing, 4401 Dexter street; to cost $9,000. Galligher & Huguely, Inc., owners and builders; Johannes & Whitcomb, designers; to erect one 2-story brick millwork warehouse, 2233 Ninth street; to cost $8,000. Harris Shapero, 1477 Girard street, owner and builder; Johannes and Whitcomb, designers; to erect one 2-story stone, brick and tile dwelling, 3922 Macomb street; to cost $8,000. George W. Linkins Co., agents; W. 1. Deming, architect: construct three apartments on sixth floor. 2124 Cali- fornia street; to cost $7,000. Emma S. Zimmerman, 1915 H street northeast. owner: C. L. Groff, designer; Empire Construction Co., 1343 H street. builder; to erect one 2-story brick and tile stone flat, 546 Newcomb street southeast; to cost $7,000. Edward A. Hyde, 1324 Levis street, northeast, owner and builder; Evan J. Connor, designer; to erect one 2- story brick dwelling, 5910 Second street; to cost $6,000. Paul T. Stone, Inc, 918 Fifteenth street, owner and builders; R. K. brick and cinder block dwelling, 1741 Varnum street; to cost $6.000. Mrs. Mary H. Fitzpatrick, 1338 Har- vard street, owner; H. J. Korzendorfer, designer; Joseph Hopkinson, 4105 Wis- consin avenue, builder; to erect one 2- story brick and tile dwelling, 4725 Brandywine street: to cost $6,500. Gulf Refining Co., Pittsburgh, Pa., owner and builder; J. P. Balaze, de- signer; to erect one 1-story brick and terra cotta service station, 200 Mas- sachusetts avenue northeast; to cost $5.530. C. F. Williams, Investment Build- ing, owner and builder; G. S. White, designer; to erect one 2-story brick dwelling, 2912 Rittenhouse street; to cost $5.500. Charles Turpin, jr., owner; R. C Archer, architect; G. G. Tappscot, 1521 Colorado street, builder; to erect one 2-story brick dwelling, 221 Forty- seventh stret northeast; to cost $5,000. John M. King, 1008 Eleventh street, owner, designer and builder; to erect one 2-story brick and tile dwelling, 3929 Nineteenth street northeast; to cost $5,200. J. E. N. Gantt, 905 Butternut street, owner and builder; C. West, archi- tect; to erect one 2-story frame dwel ing, 3304 Gainesville street southeast; to cost $4,000. Mr. and Mrs. Otis F. Fleshman, 3063 Clinton avenue northeast, owner and designer; W. J. Knott, 726 Fifth street, build to erect one 2-story brick dwelling, 3054 Clinton avenue north- east; to cost $4,000. H. E. and J. W. Stogner, 72 Pat- terson street northeast, owners and builders; Marcus Hallett, designer; to elect one 1-story brick welding shop, 72 Patterson street northeast; to cost $2.100. Pearl H. Edwards, 1312 Nineteenth Government park. Many unusual windows, copper water Really worthy of your inspection Insulation Department 916 15th St - | Flynn. Smith, designer; to erect one 2-story | | C. Homer Flynn, member of the paint | industry, in an address before the ih- dustrial group of the Cleveland Paint, | Varnish and Lacquer Association. “Years of experimental and research work were necessary before tung ofl products were perfected.” ! “While there are other oils | now known that can eventually aug- | | ment the supply of tung oil in paint manufacture, it will be some time be- fore they can be commercially adopted and their uniform supply assured. “A serious problem facing our in- dustry and the consumers of our prod. ucts today,” declared Mr. Flynn, “is| the advancing cost of tung oil. The demand for it exceeds the available supply and as a result its cost has in- | creased over 100 per cent.” ‘The use of tung oil in other coun- tries is rapidly increasing. Added to this is the problem of our depreciated dollar and the rising price of silver. Silver is the monetary basis of ex- ‘chmge in China. In purchasing the oil of the tung tree, our dollar is first :slreet, owner; Thomas A. Mars! | designer and builder, 1673 Thirty- | fourth street; to make repairs, 3415 | Volta place, to cost $1,000. | Vincent Ferramosca, owner; Marcus Hallett. designer; John J. Ward, 323 Longfellow street, builder; to erect one | 1-story brick addition, 622¢ Georgia avenue, to cost $1,000. | Mary E. E. Madden, 5036 Call place southeast, owner and builder; Robert | Bates, designer; to erect one 1-story | brick and frame dwelling, 5036 Call place southeast, to cost $800. Horace Pack, owner; Julius Wenig, | architect; Samuel Alpher, 1207 Farra- | gut street, builder; to erect one 1-story | brick addition, 1314 I street, to (:ostJ converted Into silver, then the silver is bartered for the oil. The less silver your dollar buys, the more dollars it takes to buy a given quantity of tung oil. “A clearer conception of this prob- lem may be gathered from a practical example,” Mr. Flynn commented. “The | cost of tung oll in January of this year was approximately 9 cents per pound. neighborhood of 18 cents per pound. The average spar varnish contains about 2 pounds of tung oil per gallon. With this increase in material costs, sales prices must, of necessity, be raised on all products containing tung *8,950 ANOTHER CUT IN PRICE 505 Oglethorpe Street N.W. JUST LIKE NEW Six rooms, beautiful bath. Semi-detached, up to date in every detail, screened sleeping porch, garage, cement front porch, oil burner, refrigeration, screens, ete. SPLENDID LOCATION SEE IT TODAY or Sunday Open 2 PM.—8 PM. Harry B. Pitts Co. 1015 15th- St. N.W Met. 0100 TAX N RECETS N MARSLAND T Just as Unsound as Ad Valorem Levy on Property, Says Realty Man. ~The | Btates, as measured by the value of jong ago. Any tax levied which does not take into con- sideration the tax-paying capacity of those affected is unfair and inex- cusable. “If there were no question involved in the attack which the merchants are now making in the courts on this tax law other than plain horse-sense justice the problem of obtaining funds for emergency relief and old- age pensions would be promptly dumped on the doorstep of the State House at Annapolis and our law- makers told to get busy and do a decent job. But sometimes, as we know from long experience, ‘the law is an ass’ and we all suffer accord- ingly. —_— More U. S. Autos Imported. In spite of stringent foreign ex- | change restrictions in Germany, ship- ‘znrmmu.mewmmmuew- y. 7,955,592, | pril, but last om A er BUILDING ACTIVITY OFFL Cost of Operations Highest Since November, ’31, With Exception of April. May, H 1935 1934 England. .$ 3,400,874 § 3,642,035 Middle Atlantic 15,511,312 21,128,854 BSouth Atlantic. 6,882,479 3,491,150 Bast Central... 7,667,385 5,184,108 3,856,017 2,963,715 3,525,159 3,028,544 1,200,789 484,792 EAL ESTATE, BUSINESS GAIN- SEEN Saving building and loan associa- tions of the country expect to lend $1,000,000,000 this year on homes in this country. The estimate is made by H. F. Cellarius, secretary-treasurer of the United States Building and Loan League, on the volume of lending which the various associations have ‘flre-dy advanced. These associations advanced $600,000,000 last year to | home owners and home builders, and during 1933 lent $435,000,000 on in- dividual dwellings. Mr. Cellarius be- leves that the business of the first . 1269,005 3,802,070 The bullding industry in the United | ‘Total U. S...$49,322,110 $43,825,268 quarter of tr: current year will show gain of from 80 to 90 per cent ovir e corresponding period last year. its issued in May, was only permif slightly less active than in April, ac- cording to the monthly report of Dun The estimated cost of contemplated building operations in May, which in- cludes new work, alterations, additions and repairs, was the highest with ex- ception of April since November, 1931, the report stated. May Value $49,322,110. The total value of permits taken out in May for the 215 cities regu- larly reporting to Dun & Bradstreet, Inc., was $40,322,110, compared with $51,717,570 in April. This was a de- crease of 4.6 per cent, whereas the usual change for the period is a de- cline of about 6.5 per cent. Compari« son with May, 1934, however, when permits totaled $43,825,268, shows a rise of 12.5 per cent. Although not as high as the gains reported in re- | cently preceding months, this marks | the fifth consecutive monthly increase | | over the corresponding period of last | year, New York City contributed a total of $11,366,418 in May, compared with $12,643,378 in the previous month and $16,270,839 in the same month a year ago. This represented declines of 10.1 and 30.1 per cent, respectively. Outside of the metropolis, the value of permits issued for the 214 cities — Has urious baths, automatic oil heat, LOT FOR SALE IN OBSERVATORY HEIGHTS OWNEP. WILL SACRIFICE PHONE SHEPHERD 2024 ducible minimum. This Is The Corner Around Which Prosperity Been Hiding 5th and Quackenbos S N.W. Everything that a home could mean. living is raised to the “N'th” degree, the drudgery cut to the frre- See It Today Sure—Open Daily and Sunday WM. H. SAUNDERS CO., Inc. ments of American automobiles into | that country are increasing. b 1519 K St. N.W. Sizable rooms, 2 lux- built-in garage. Here the joy of DI 1015 In today's market it is in the | 4819 Leland Street—$7,500 — YOU will be agreeably surprised at the arrangement and beauty of this new Cape Cod home. Built of brick with slate roof. Five large rooms. Modern bath with shower. Open fireplace. Modern electric kitchen. Lovely side porch. Insulated and screened. lavatory and automatic gas water heater. Lot 58x100 with garage. Directions: Out Wisconsin Ave. CYRUS KEISER, JR. 5211 Wisconsin Ave. Just Completed 5804 Nebraska Ave. A CENTER-HALL COL( Large basement with laundry trays, to Leland St. Left to property. CL. 53711 —when you can buy an all house with built-in garage, only— 6413 Sth 1512K 1 502 Mississippi Ave., Sligo Park Hills A new Cape Cod home, located on a beautiful wooded lot in this lovely residential section. Contains five rooms, bath and recreation room, Spacious, excellently constructed new brick home of all modern appoint- ments on 70-ft. lot in delightful Chevy Chase section, convenient to every facility, 6 well arranged rooms. Breakfast nook, 2 baths, with glass door for shower, large attic, fully insulated. A home for the purchaser who demands the best. Be sure to see it living room with fireplace—all rooms exceptionally large. stripped throughout. Price $8,450. Garage. To reach, drive Spring—out Sligo Ample closet space. Screened and weather- Slate roof, copper gutters: out Georgia Avemue or 16th St. to Silver Avenue to Saratoga Avenue—one block on Saratoga Avenue to Mississippi Avenue and home. Walter P. Baliles, Owner & Builder Phone—Silver 39-3343 uesada Street N.W. New, detached, modern brick homes, convenient to both public and parochial schools, stores, churches with a bus line a few steps from the property. Very high elevation opposite features—a few include bed room and bath on first floor, steel casement pipes, the most complete kitchen you have ever seen. Every modern convenience. . Superior construction and finish. Priced at $13,250 and $12,500 J. Wesley Buchanan, Inc. Spring 1-F-31 s bEARLARY sl A Built by Paul T. Stone, Inc. ME. 1143 FLOYD E. Nat. 0352 $12,500 ‘ Realtors Open Daily and Sunday Until 9 P.M. Out nn. Ave. 1o Nebraska, right 6 dlocks fo house, DAVIS CO. 733 12th St. N.W, COM b stores and tri baths, finished third garage, rock wool insulatio; 'spouu. weatherstrip - 5520 Conn. Ave. 3534 Quesada Street, Chevy Chase, D. C. (Corner Nevada Avenue) EW center hall brick residence, near the Circle, schools, rtation. oor, 1i ggrch, dining room, excellent st floor- toilet and lavatory, recreation room, built-in Open and Lighted Daily Until 9 P.M. EDW. H. JONES & CO., See Three bed rooms, two room with entrance to tehen, breakfast room, tters and down- copper screened, oil burner, Inc. W. brick, semi-detached 6-room in new house condition for $6,500 Schools, Churches, Car Line and Bus Lines are just around the corner St. N.W. Open Daily, 10 to 9 HARRY WARDMAN, INC. DI 3830 . A MILLER BUILT MUNITY b What a happy relief to leave the sultry city and drive over tree-shaded roadways, past wandering streams, and cool green lawns and gardens in Spring Valley. home here—a splendid Miller-built resi- dence—for instance Imagine Today New Exhibit Home 4974 OUEBEC STREET Handsome Colonial Home overe looking Government Park. Opea daily and Sunday. 4900 GLENBROOK ROAD Lovely Spring Valley residence. Open daily and Sunday. C.& A.N. MIL LER Hirier 4361