The Washington times., 1907-10-20

| estate business is an established indus
/ try with several hundred men engaged
in pushing it. Washington is beautiful
| for location, and its future Is assured.
| William A. Hill says:
The real estate business is unques-
! tionably the principal business of the
National Capital; that is, outside Of
/ the great Government machinery, Of
/ course. Without a doubt more real es-
| tate business is transacted ia Washing
ton than any other place of the same
size in the world. It Is a source OF
establishment to visitors and new resi-
dents. and they wonder how so much
! business can be created.
When one considers that no small
proportion OF Washington's population is
made up OF the floating element, 1t can
readily be seen that the property is
| constantly being stirred uD. SO with
residents coming and going, Il natural
" creates an actual market Tor realty
o. every class. Congressman coming
here, frequently purchase homes Of the
better class, and in many cases after
an investigation invest N Washington
realty, believing Il 10 be a sonC AnC
stable investment beside having a pride
in being a property owner In the Ma
tons Capital.
a dozen or so years ago the real es-
tate business was considered and recOg-
nized as a profession. Now it has as
Sumcd such a commercial aspect that It
can hardly be considered as such. Form
erly a reat estate broker had his clients,
and they would depend upon him for
his judgment and advice. but now it
seems to be the Office which delivers the
de- - q
1t cannot be denied that every real es-
tate office does have its regular clients
who stick by II: but 1 say the fact
remains that the great bulk Of the
real estate business in this age Of COM
petition is done by the real estate agent
who goes after II, and employs Up-to-
date methods of transacting business.
With the former methods Of trans
acting the real estate business. an
owner would list property with a recog-
niZed agent who would be in position
10 work for the interests Of the owner;
but now an owner seems 10 think he
is not doing himself justice unless he
lists his property with as many agents
as possible, thinking he viii have that
many more chances Of a sale being
made.
1T cannot be denied that the real es-
tate men Of Washington have been an
important factor in the upbuilding and
expansion Of Washington. Think Of the
vast amount Of business that has been
created through the ingenuity OF the
real estate men of Washington. that
would otherwise have lain dormant
Intricate exchanges have been devised,
and trades have been effected, thereby
developing business that would have
been unknown except to studelts of the
real estate business.
Advertising and the employing OF
other modern and up-to-date facilities
for exploiting real estate. PLAY an i'm
portant part in a well-esrabHshed real
estate office.
Washington is fast becoming the per-
manent winter home Of retired million
aires, and this means much for the city.
Besides elegant homes being built by
them, other crediJabIe improvements
are being made along this direction,
such as the Colorado. Westory. Munsey,
and other great Office buildings. besides
the new and magnificent banking and
trust company buildings which com
pare favorably with any in this eoun
try"