The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-04-10
REAL ESTATE MEN
CONSIDER ETHICS
Salt Lake Brokers Seek to IN
still Spirit of Fair Play
in Business.
EXCLUSIVE AGENCY PLAN
FAVORED BY ASSOCIATION
Members Also Advocate Writ
ten Contracts With All
Their Clients.

Fair play for the real estate broker
and the man who has property TO sell
is the object of an agitation that is
now being carried on by the Salt Lake
I Real Estate association. Members of
/ the organization generally look with
! favor on the movement ana the real
estate men outside OF the association
which will, in any event. tend to bet-
ter local conditions for all who are
engaged in the business of buying and
selling land.
Written contracts, the real estate
men say. will do away with many law
suits and enable the broker to get his
commission without legal expense. Ex-
elusive agencies, they contend, Will
mean better service to tho porperty
owner, who wants to sell and will add
an extra incentive TO the real estate
dealer to look after the interests of
clients in the best possible manner.
, Respect for the contracts held by 9TH
er agents VIII mean higher degroo or
honor in the profession. Some of the
local dealers 90 further by saying
that one Of the greatest needs In tho
business in Salt Lake is law which
will provide that the actual price OF II
piece of porperty must be shown in the
deed fled with the county recorder
What the Law Provides.
One Of the laws made by the last
eession of the legislature says, in ef-
feet, that no contract with an agent
to sell a piece OF real estate for COM
mission or other remuneration is valid
unless executed in writing, and through
not complying with this law, Salt Lake
for q
and cash on many occasions, y hypv
thetical case cited by one real estate
man illustrates the effect of this law:
Mr.. Seller met the real estate man at
luncheon one day, and in the course
of their conversation Mr.. Seller said he
wanted to sell his home. ''See what
you can do with the property" he
said to the real estate man. 81 will
take $1,000 down and the rest IN five
wears at $500 year and per cent
interest" Not having listing card
on his person the real estate man sin,
ply made memorandum, and on his
return to his Office made out a card and
filed it.
Within few days the real estate
man found a prospective purchaser IN
Mr. Buyer, who was taken in an au-
tomobile TO look over the property, and
the real estate man paid for the ma
put the sale through. Mr.. Buyer de-
cided ~ take the property but instead
Of closing the deal with the real es-
tate man he went directly TO the own
cr They arrived at terms which. IL,
effect. divided the real estate man s
commission between buyer and seller
and the real estate man was left TO
hold the sack
Unable to Collect.
In this instance the real estate man
could collect no commission, because
the order TO handle the property was
not signed. He did tho work, however,
and earned his money, and incidentally
incurred some expense in the way Of
advertising and showing the property
which he was obliged TO charge up as
profit and loss under the head Of "To
experience, Dr.
Another incident which recently ap-
Continued on Page Twenty-six.