The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-12-29
BOARDS GOOD WORK
Review Of the Work and influence
of the Minneapolis Real
Estate Board.
Effects of Its Work Are Pronounced
Real Estate Exchange Plan
Taking Shape.

apolis real estate board, which now APP
proaches the third annual election since
it's regeneration, shows it to be next to
the coname r., club probah!y the e., most t
working for the advancement of the city
along all lines. p
The members of the board do not con
fine themselves to discussions and to &C.
ton which concerns real estate directly.
The work of the board is done on the
theory that whatever Is of benefit to the
town adds to the value Of property. Co.
operating with the Minneapolis rental
board it Is concerned with matters of
general interest however, much less
than is the Commercial Club. The admin
istra tons OF President J. F. Conklin two
years ago and that Of President D. P.
Jones last, year were marked with sue
cess. -.tn 49, Z. a. :.
Among the boards influence on the
ara of business dealings With one anoth-
err, a. condition which always results from
getting together. The fellowship has in
creased and less knocking at one time
SO prevalent is now observed. The fire.
quent conferences between members Of
the board with study of the plans Of
others and the examination Of property in
all parts Of the city has had g. broaden
ing effect and has not failed to breed a
spirit Of esprit du corps. =
The TaIlyho's Influence.
The summer afternoon tally-ho rides
have in all probability done as much as
any other agency toward producing a bet
ter acquaintance among the members of
the board. These functions have been
supplemented by the frequent breakings
of bread together. The Minneapolis real
estate men having gradually been drawn
together through these little affairs the
nf q ora t1n rf,oer uyoS nvtn cd fnr,
the entertainment Of real estate men from
other towns, such as Kansas City and st.
Paul. and committees visited Chicago
and ST. Louis and other cities in search
OF ideas. incidentally. Of course. these
trips thoroughly advertised Minneapolis.
and to the credit of individual members
is it said that, whatever they may think
Of Minneapolis on blue days. when they
are down east loyalty to the city is para
mount. ~ !: = - $50. :
The real estate board has established
a center of real estate activity and infor-
nation. 1t has put real estate on a rec
ognized footing. 1t has provided a def
mite body Of men through which the prob
able investor may seek reliable informa-
tton concerning properties in the city The
board, through it's different committees
has been of use to the public; even the
courts and the government have sought
the aid of the valuation committee in con-
domination proceedings and in estimating
values Of various real estate. s.'T ~.
Rates Of Commission Fixed.
The establishment of regular rates Of
charge for commissions on sales, and fol
making loans. has been of great service
in settling conditions. Certa in little abuse.
which affect the public in regard to signs
and similar matters, have been corrected
in board meetings. -. Z
The agitation about six months ag,
against the pestiferous curbstone broke
resulted In doing away almost entirel,
with this species Of CRATER, which mad,
life miserable for the public and for agent
alike.
The board has done useful public serv
map Of the city made for some time. TIL
new atlas, which has been. ordered an
is under way, will be the first thing o
the kind published for many years. TIL
board committee has introduced man
useful features in compiling this book
The board, through its support Of
test case. procured from the, htghes
on the Torrens system of registering req
estate. This was perhaps Its most use
full public service in the last year. =
Board to Have Building. :.
The next move of public interest b
Of the building which will be the head
quarters for the board, for real estat
agents, real estate lawyers and surveyors
Sentiment for the building has nearl
crystallized among the board members.
The headquarters will be in the cen
trail part Of the city, three stories higf
with light gymnasium in the basemer
and lunch counter. This building wi
be made as soon as possible the place fe
legal sales of real estate 1t will be lar8
enough to comprise salesroom and head
quarters room ON the ground floor. T
centralize the business. Of the city as IA
as possible, the prominent real estate me
| Of the city will have Offices in this build
| ing. Rooms willsbe reserved for lawyer
who make a speciality Of real estate an
for the surveyors whose services are re
quired constantly. Abstract men will An
quarters in the same structure. The cor
venience to the public Of being able
transact SO much Of its realty business
one building will be appreciated.
| ~ %,