Evening star., 1902-01-18
REAL ESTATE EXCHANGE
ORGANIZATION PERFECTED AND
PERMANENT QUARTERS SECURED.
Statement of the Plans for Future
OperatiOns-Talk with Presi-
dent Heiskeu.

Tho Washington Real Estate Exchange
will, 1t is expected, be in working ortser in
the course of the next week or ten days.
Possession viii be taken of the new quar-
tiers. 1914 F street. Monday, and then the
necessary furniture, books, &C.. Will be
secured. The new organization has now a
membership Of between 1S5 and 1io, out of
a total Of 1S5 licensed real estate brokers.
1t Ii the purpose of Mr. Jesse L. Heiskeli.
the president of the exchange, to visit the
real estate exchanges of New York and
Philadelphia with the view Of learning the
details of the practical operation of those
Organisations before completing the regula-
tions which will govern the body in this
city.
Mr.. HefskeIls Views.
In speaking of the organization and its
objects to Star reported today, Mr.. Heis-
kell said:
"The Washington Real Estate Exchange
is now organized, all of our officers chosen
and we have secured quarters for the or
ganization at 1874 F street, which Is very
central and on the ground floor, and is In
every sense an ideal location. The real es
tate business, Is we'll known to every
one, is the most important industry or pro-
fession in the District Of Columbia, and the
necessity for an organization has seemed
to appeal to every one engaged in the buSi-
ness. By the means of our exchange We
expect to bring about wider and better
acquaintance among all brokers engaged in
the same business, to stimulate the buying
and selling of property. The fact of having
a common meeting place, where men en-
gagged in the same line Of business can meet
daily, is in itself of mutual benefit to all as
they can acquire more information and
data in a few minutes than can be obtained
in days time in visiting the various
offices.
Additional Facilities.
I'VE shall. Of course. have every facility
for listing for sale any property which the
members exclusively control and this in
itself will result in placing before the en-
tire real estate fraternity just what prop
erty is in the market, with full and COM
plete data regarding same, and will an
questionably promote property sales. This
feature seems to me far more important
than some may think, for the reason that
all the larger offices publish bulletins of
properties which they have for sale, and
distribute these to any one upon applica-
ton. and 1t frequently happens that many
offices publish the same properties and not
infrequently at different figures. If this
system Of listing property is properly work
ed 1t will relieve the offices from inquiries
by brokers and save the necessity of going
from Office to Office in quest of a particular
property which might be desired.
I'VE will also keep a record Of persons
who violate their leases. and compile other
Information of value to those who rent
property. We will also compile all data
and regulations of the District government
affecting real estate interests, such as tax
alton. building and plumbing and health
regulations, and in such matters affecting
directly real estate interests.
"Our exchange will also afford opportuni-
ties for members to make known to the
which
have for investment, and ought. to greatly
facilitate lending and Investing money! :