Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-09-17
EXCLUSIVE AGENCIES
FOR REALTY HOLDINGS
Some Arguments for Holders Who Are
Desiring To sell Their
Propositions.

one Of the greatest drawbacks I'm the
real estate business Of the day is the
habit some people have Of refusing Ia
OF their property. the inevitable result
IL lcthargy. a refusal to advertise and
general lack Of enthusiasm. Time
and time again, prominent members OF
the local realty fraternity have dis
cussed methods and means OF encour-
aging the public 10 have one agent and
one alone for each particular rental or
sale; but as with the fight against the
curb stone broker the effort has been
Well nigh useless
That the exclusive agency system is
"a benefit 10 the property owners as
well as to the agent Is perfectly APP
parent upon "a little consideration. The
whole matter Is summed up by "A
prominent western real estate man az
follows:.
"The owner benefits by giving eX-
Sirsivc agency firstly. tat b. Will be
throughly advised by competent and
conscientious htOkrr as to the actual
full market value of the property
which he desires Co sell owners are
not always aware OF the changes In
conditions and value OF their holdings.
end this Is especially true OF nom
residents
In some cnses owners have placed
price on property and have received a
call or letter from a prospective pur-
chaser or real estate broker, ana In
case there Is an exclusive agency the
inquiry ~ referred To the owners
agent. who, being familiar with condi-
lions, advise the owner that he has
placed a higher figure on the property
and In many cases considerably more
than the price before fixed by the own
or or agent. A sale results 10 the profit
OF the owner and to the satisfaction of
both owner and agent.
DUTIES or AGENT.
"The agents duty should be to in
spect the property az Intervals, To at
tend TO the payment Of taxes and spe-
cial assessment land sometimes 70
prevent levying OF assessment where
improvements are either not needed or
the cost Is high. The owner is best
served whore he gives the exclusive
sale with a fixed per cent TO the agent
for his services.
III "A net price is named in an ex-
elusive agency the agent or broker If
then to derive his compensation over
the net amount in lieu OF commission
In this event he is only serving his
principal to certain extent, and his
own interests are quite likely to bee
given undue preference. If an owner
places his property for sale with
number OF brokers they sometimes
compete with each other. and IT, per-
chance, more than one Of them should
offer the property to the same prospec-
tive purchaser either or any OF them
might endeavor 10 secure an offer less
than the fixed price, in the hope that
the owner might consider same,
This competition Is often at the eN-
pense of the owner and many times
defeats his object Conflicts often
arise as to which broker IS entitled to
the commission, which would not occur
II there Is one authorized exclusive
agent.
PROPERTY RENTALS
I'm regard To renting property the |
same arguments hold good; That II is |
10 the interest OF the owner TO give an :
exclusive agency. a policy Is laid down |
AZ To the class Of tenancy length OF |
lease. manner Of subdlNding space
and the fixing ~ price or valuation on |
space The exclusive agent can adj |
wise the owner fairly and impartiaily,
and by following out the policy laid |
down obtain the best results. where
as N the owner culists the services of
a number there viii be constant com
petition and friction, which VIII re-
suit In loss to him. What Is more
unsightly than to see several signs on
"A building-'Thls Property for sale
or This Space for Rent by--& Co,
by A. & H., and dozen others? |
This gives the impression to the pros
pcctive purchaser that the owner must |
be extremely anxious To sell or lease
Then often cnsues the shopping OF the
lessee or purchaser and the