Omaha daily bee., 1910-11-20
TIMELY REAL ESTATE GOSSIP
Omaha Exchange Considering Listing
Property for Sale
NOE.MEMBERs NOT BARRED
Any Tract or Lot May Re Scheduled,
AccordinR TO Tentative Plan
New Department House
Ncars Completion.

fair TO become "a real exchange" The COM
mttee ON bylaws will report the coming
Wednesday "a paragraph which shall es-
tsbHsh listing rules one proposition Is
that owners Of property shall list with the
exchange direct the term to be three to
six months. a fee shall be paid on listing
and the list shall be given all members
Then when the property IS sold. the MEM
Der selling shall receive 20 per cent OF the
commission and the exchange itself 25 per
cent Of the commission.
A second listing plan proposes that any
member who has exclusive agency for a
piece OF property may list it with the ex-
change. member who then sells the
property shall get IS per cent OF the com
mission, the lister getting 45 per cent and
the remaining % per cent going into the
exchanges treasury. The two propositions
deal, II will be seen, with members and
nonmembers and both are likely to be
adopted.
Establishing Of such listing will do much
20 facilitate sale of property and will
therefore be generally welcomed by those
who like to see an active market The
Omaha Real Estate exchange did try such
scheme some years ago. 1t did not
amount to much then, not because the plan
Is not "A good one, but because the ex-
81 Is large and strong the listing plan will
undoubtedly be productive Of quicker sales
than would otherwise be MADE.
The men who put up the city National
bank building may well feel that their
labors have been properly appreciated. The
general public testified in person, $4,000
visiting the building a week ago. due in
large measure to judicious advertising of
the reception. Editorial congratulatlon was
given by the newspaper OF Omaha which
carries the most real estate ads and takes
the deepest interest in realty; the Real
Estate exchange passed formal congratula-
tions and chose as its new head the presi-
dent Of the City National bank building
and now the Commercial club has come to
the front with resolution by the execu-
tive committee which says:
Resolved, That in the construction OF the
City National bank building Omaha has
made a great forward step in the matter Of
modern buildings that the Commercial
club Of Omaha, through it's executive com
mittee, recognizing this does hereby COM
mend the City National Bank Building
company for its enterprise and extends best
wishes for future SUCCESS"
With the completion. about January 1. of
the Colonial apartments, the largest build
ing Of the kind in Omaha will be at the
convenience Of those who prefer not to dc
their own janitor work. or at best to trust
to the mercies Of "houseman," II one can
be afforded
The Colonial viii be about the thirty
fifth or thirty-slxth OF these modern apart.
ment houses In Omaha. In the count are
included only real apartment houses. Their,
are several hundred more apartments
which are not really apartment buildings
though they contain apartments" II il
probable that the new Colonial will strike
the top notch In rentals, The apartments
are eight rooms each and will be about
500 a month. The next highest is the
apartment building put up by Charlie.
Beeton' where the sx-room and room foi
maid apartments command $40 a month.
The Colonial will be the closest approach
Omaha knows TO a real apartment note
such as have made Goethe and Schiller
streets in Chicago famous. and which ar,
being built all over the country, but par
uculRrly in the east. The renting OF thu
Colonial viii be done by Payne & slater.
The National Real Estate Dealers Jour
nal IN the December issue contains a his
tory Of the Omaha Real Estate exchang
written by r. A. McNown, a local news
paper man. The article gives the exchang
credit for much activity in public affair
and pays particular attention to tax re
forms which the exchange fought for.
paragraph or two on this point saws:
Perhaps the most important service n
the exchange on behalf - the public wa
lhat Whlch IN l9U2 shifted to the publ
service corporations OF the city a larg
part OF the burden of taxation that ma,
previously rested upon real estate Befor
mat TINE the properties OF the water com
PSnS gas company, electric light company
pany, all OF which owned valuable fran
ehlses In exchange for which they PAL
nothing, were taxed only nomlnally hi
result being that business and residenc
lots and dwellings had to pay more ana
thelr Just share. After a long figh
Through series OF appeals to public an
thoTities and the courts, the exchange sus
oeeded IN getting the franchised corpora
lions taxed on more equitable basis Tn
sAenange,s tax committee in this figl
comprised IL -, Wead G, c. Georg
Charles l., saunders, II. ID. Reed, G. j
harrison, 3. =. R0stwick. ]. S. Knox an
y 4 Hastings, They were assisted by "
g. IRE and john n, Frenzer, who rendere
valuable help. Mr.. Frenzer raising n
money necessary for the campaign
THIS victory was followed by the inaugi
ration on the part OF the exchange OF
campaign Tor the proper assessment
railway property i'm Omaha, a campair
which extended over five wears and NJ
conducted before three successive state LEI
isiRtures before success was attained Flo
merly the railroads taxes on Omaha Re
fninai property We're nominal but now q
though their property Is still not taxed ,
nigh as other property. they pay ;
amount which nouceably relieves 9th
property holders. The value OF the g
changes work I'm these two tax battles
told ia a testimonial signed by a numb
OF prominent bankers and business men
favor OF +. D. Wead and Byron r. Has
ings exchange members and candidate
though unsuccessful az the November ee
ton Tor state senator and state represent
tive, respectively.
Sales BY Hastings & Heyden during I
week included lot 20 John W. IIlossn
At Twenty~fifth avenue and WOODWORK
lot 10 James G. Fort in Dundee and a
20 c. ID. Mclaughlin on Larimore str,
between Thlrty-first and Thirty-thi
streets An OF these will erect hom,
Harry Evernden bought bungalow
Nineteenth and Henderson streets,
Mental Influence.
"How far Is a 70 Gloompviue?' we ask
81 the native who Is leaning over the ga
Ten miles, straight ahead" he answe
'But We met a man a little way back a
ne said u was only Two miles"