The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1909-06-28
NOW TO BUSINESS
Real Estate Exchange Adopts
Important Measures.
Their New Rates Go Into Effect
July /.
STOP OVER PRIVILEGE
Dealers Would Have Roads Act
at Once.
Other Items of Interest to To-
peka Boosters.
TOP OVER PRIVILEGE

| The Topeka Real Estate exchange
| held a rousing meeting in their rooms
at the Commercial building today and
passed upon many important sub
Jects. The stop over privileges for
! Topeka were discussed and letters
| read from both cities and railroads
| all over The country. Letters from
! Canville, Va, Indianapolis, Spring
| field, Ill, Detroit, Battle Creek, Chi
| cago, omaha, st. Louis, Kansas City,
| Columbus and Lincoln, Neb., were
\ read. They all have the privileges
| and the letter from Lincoln was es-
peciaily interesting because Lincoln is
| situated under the same conditions as
| Topeka.
| The real estate exchange is greatly
| interested in this work and the COM
| mittee appointed for the purpose of
! looking into the affair will continue
| their work. 1t is planned to have a
close conference with the railroads
running into Topeka and get final re-
port from them. 1t is known through
| the information of the Santa Fe
| officials that they are perfectly will
| ing to give Topeka the privileges but
, it seems they are under the rules and
| orders of the passenger associations
| and they do not have the direct
| authority. 1t is planned to make the
| Rock Island one of the points of pro-
cedure in the work for stop overs as
| this road is able to fbreak the ice"
|
| ceived their cards for posting in their
| offices and the new rates which have
| caused so much discussion will go into
4 effect July /. The cards are very in
! teresting to the prospective purchaser
! and seller and read:
! We are members of the Topeka
/ Real Estate Dealers association. On
and after July /, 1909, the following
rates of commission will be charged
! by this office:
I soil Of >aitE IF
| or under, 5 per cent.
For sales of city property on $4,000
or over, per cent on $4,000 and 2 II
| on the balance.
For sales of farms, per cent on
| $1,000 and 2 II on balance.
| The same rate to apply to exchanges
/ that applies to sales.
Each principal paying a full COM
mission on the value of his property.
| For selling lease holds the same rate
as for selling real estate.
For finding tenant on month to
month tenancy 10 per cent of the first
month rent
on. leases for a period of 10 years
| or less 2 u per cent of the considera-
ton for the whole time unless other
wise agreed on. Leases from 10 to
| IS years, per cent of the total gross
rental for the first 10 years of the
lease and / per cent for the balance
| of the term.
For entire charge improved prop
erty. including collection not less than
| per cent of the rent.
minimum charge on single house
| $1.0O, per month.
Once more Topeka will make an at
| tempt to influence the railroads to
| grant this city the privileges of the
stop over traffic. With the Rock Is
Santa Fe at Emporia. Topeka is left
| entirely out in the cold and some
| thing will be done to give the rail-
| roads the proper string The trans
portation committees of the Com
1 mercial club and the Real Estate Elk
| change will meet at the Commercial
| club rooms Thursday and at this time
4 the plans for the proper advances will
| be made. Railroad men are not bar
red to attend as Topeka is honest
to give the city the advantage of
| these stopovers. 1t is hoped that
something can be done at once be-
| fore the season is in full blast. One
| good look at Topeka would convince
| the traveller that he has found his
| paradise and the Commercial club is
| anxious for that one look to be taken.
| The new members of the CONNER
| cial club are coming in slow but sure.
! Those received in the last few days
are John A. Bright, Campus, Kan. Mr..
1 Bright used to live in Topeka and he
| says that he intends to live here again
| as soon as he can make the proper
| arrangements. H. D. Goodwin of the
| Shawnee Fire Insurance Co.; c. w.
| Millnack. a travelling man; A. G..
| Jones, of the Hasty Messenger com
pany; B. w. Carter of the Topeka Tent
| and Awning company; J. P. O'Neil;
| w. s. Hunter, NJ. D.: G. w. Wither-
| lon. McEntire Bros; z. S. Mueller.
This brings the membership up to
| S25.
1t is true that the Commercial clu b
| is a large organization and with a
| more compact membership more can
| be accomplished but new members
| will never be turned down.
rrl,oe o1+arpriSiro Saoratoru IF tho