The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1888-12-02
REAL ESTATE RACKET
Another Meeting at the Cham
Der of Commerce.
AN ORGANIZATION PERFECTED.
Various Opinions Expressed by Real
Estate Dealers-The Resolu-5
tions Adopted.

their adjourned meeting at the Cham
Der of Commerce last evening for the
purpose of hearing the report of the
committee appointed at the last meet
ing to present plan of organization
and method of procedure. The chair
man. DR.. D. A. Smiley, being absent,
W. II. Sells was appointed temporary
chairman. The minutes of the previous
meeting were read and approved, after
which the committee on organization
offered the following report which was
adopted:
SALT LAKE CITY, December L, 1888.
To the Real Estate Dealers of Salt Lake
City:
Gentlemen-Your committee appo Mt
ed on the 23rd u t. to formulate and
suggest a plan for the organization
of real estate association, beg leave
to repcr5 the following:
1st.-rhe name of the organization to
be the Salt Lake heal Estate Dealers
Union.
2nd.--The obi cts of the Union shall
be to encourage fair and equitable
dealings among real estate agents, and
inspire the public with that confidence
common in other branches of business.
3rd.-To develop and systematic
real estate operations, to the extent of
protecting the interests OF the buyer,
seller and agents.
4th.-To cooperate in all measures
calculated to increase the growth
and prosperity of the city, present
measures of feasibl. and economical
schemes of adver Using the city and
country and the business interests of
agents, and aid in all things leading to
the PRO 3perity of the profession and
| the advancement of the calling.
5.-The officers of the organization to
be president, vice president, secretary
and treasurer, whose duties to be those
usually required of such officers.
Gan attendance of nine members
in good standing to constitute quorum
for the traDsac ion of ali business par
tanning to the union.
I've recommend that on the
adoption of the above plan of or gani-
cation, and the signing thereof of not
less than fifteen real estate dealers, that
the said fifteen so signing, proceed at
once to elect permanent officers, and to
appoint such committees on bylaws,
rules and reguaations. for the govern
vi bu0f as lA6I III Gn6IT
judgment NAV think best.
Respectfully submitted,
B. G.. RaYBoULD,
Chairman.
JOHN T. LYNCH,
Secretaries.
S. B. WEsTERFIELD.
As per requirments the following real
estate meu affixed their signatures 10 the
resolution:
VIM q Sells, S. B Westerfeld,
e. G. Matthews, r. A. Wickers ham,
&. M Wilkinson, H n. Greene,
W. S. Crlsman, NJ L Cummings,
&. 8. Hamilton. F. NJ. Bishop,
oscar Grosheli, Il. Hardy,
John T. Lynch, VIM. Glasmann
B. G. Raybould, B A NJ Froiseth
Ut. Ly, CHI offered the following re-
marks: Il am ia favor of an organiza-
ton OF the real estate men for several
reasons. By N cans OF an organization
the interests Of Utah could be more
thoroughly advanced. Ii the real estate
business was systematiZed it would be of
benefit TO all concerned and would !
result in uniformity of prices. At |
present agents who wish to increase
their list of property visit the owners
and solicit q contract to sell the same, |
offering to take 1t at any price. This |
results in property located in the same |
part of town and equally desirable vary
ing from 30 to 40per cent. There appears |
to be q general feeling against real
estate organizations, but there are |
occasional ones that are success. For !
instance saw gentleman from q |
small town of 3 600 inhabitants in Cali
fornia, in tbs city with a car supplied |
@c
matter. This entire enterprise was Coz =
Quoted by rea! estate orginstion OF
only five or six real estate men.
| see no reason why this csnnot be
done here. OF course. we have ed
vertis ed good deal, but some means
could tie devised to advertise ju IL
ciously, cheapiy and beneficially. The
organization would also result in more
harmony and be a means Of becoming |
better acquainted.
E. Il. kelsey remarked that there |
W ra soma poin which he objected to,
ole Of which WIS the protection of the
interests OF the buyer and seller. Under
those circumstances the ageIt with
money by making stringent rules could
freeze out the exclusive commission
agent. One objection to the present
method Of conducting the real estate
business is that agents with no list go
to property owner and say. "Give me
your properly to sell don't care ct
what price," This demoralizsd the
neighbor who has property to sell at
reasonable figures"
II. N. Greene NEARLY every real es-
tate man belongs to some society and
all know that we must have code of
laws that can bsenforced an the more
rigid the better, and if the laws are very
loose they are proportionately less en-
forced. Of course we cannot enforce
all our rules but We are apt to get at the
selfish end OF our transactions and | sea
no remedy. Those rules will hold
honorable men but not those who are
otherwise inclined. If we have a code
of laws they must be binding l have
been in the business for the past five
wears and l expect to follow it but l !
propose to treat others as they treat
me. TIE golden rule is very pretty but
l ind tha. the silver rule is better. DO |
unto others as they do unto you.' If
the man l am dealing with is not |
honorable it depends upon who can |