The Washington times., 1901-12-19
REAL ESTATE
DEALERS MEET.
Progress Made in Organi-
zatiOn Of Exchange.
IT'S CONSTITUTION is ADOPTED.
Large Number of the Traffickers in
Houses and Lands Gather at the
Hotel Barton-By-Laws Report
cd by the Committee, But Are
Not Passed Upon.

More than hundred interested in the
real estate business of this city assem-
bled in the spacious banquet hall Mt the
Hotel Barton last night for the purpose
or organizing what viii be known as the
Washington Real Estate Exchange of the
District Of Columbia.
The organization has been TALKED OF
among real estate men for some time.
The first step by the brokers toward
bringing the matter to a head was taken
several weeks ago, when a committee was
appointed to prepare a constitution and
bylaws for the organization. Members of
the exchange say its object is to protect
legitimate dealers from those doing busi-
ness without licenses, and to regulate
real estate commissions.
The banquet hall. which had been ten
dcred the real estate men for last nights
meeting by James Barton Key, was
crowded The session was called to order
by F. II. Smith. who acted as temporary
chairman while G. G. Brown served as
secretary.
Constitution and Bylaws.
charge the preparation Of a constitution
and bylaws was heard. L. A. Philips Of
fered a resolution asking that copies of
the constitution and by-lGws be sent to
every real estate man in this city for his
perusal The resolution was lost.
Jesse NJ. Heiskel offered a motion ask
ing for the adoption Of che constitution.
leaving the bylaws to be considered at
the next meeting. This was also lost
After consideration discussion as to
whether or not the constitution should be
adopted at once and the bylaws passed
until another meeting, the chair an
nounced that business would be stopped
until the real estate brokers present
signed petition setting forth the object
OF the organization. This done. consider
able discussion was INDUCED in as to
whether or not only licensed brokers were
to be admitted
In speaking upon this subject Mr.. Heis-
kell said that the object OF the committee
having in charge the preparation of the
constitution was to coniine the members
OF the organization to those engaged in
legitimate real estate transactions This
matter. however, was left for further con-
sideration.
The Constitution ADOPTED.
After considerable delay Captain Tyler's
motion asking that the text OF the con-
stitution be read by the secretary and
adopted was carried The paper was read
section by section, A number Of amend
ments were offered. The constitution was
adopted unanimously without further dis
cussion, the reading of the bylaws being
left for discussion at a later meeting
Charles ]. Bell offered resolution pro-
vid:ng that copies OF the constitution and
bylaws be sent to all real estate men IN
the city. It WIS not acted upon.
Upon motion OF Mr. Heiskell. a com
mittee OF five was appointed for the pur-
pose OF selecting men TO serve upon the
board Of managers
This step OF the brokers is regarded as
being one of the most important moves
iaugurated in Washington since the or
ganization of the Washington Board OF
Trade, and the fact that so many brokers'
attended last nights meeting tends to
increase the belief that the orEaniza tion 1
VIII be one OF considerable strength and /
will prove beneht to all persons inter- /
ested in local real estate.
The next meeting VIII be held Decem- |
Der p, when officers will probably be |
elected.