The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-01-30
REAL ESTATE AND BUSINESS ACTIVT
CHICAGO HAS SYSTEM
TO REGULATE LISTING
New Real Estate Exchange Is
Organized to Improve Trade
Conditions.

Real estate dealers of Chicago who have
been fighting the practice OF listing real
estate with dozen different dealers AT
the Same time have organized All eX-
change under n system which is de-
signed In do away Hith the old evils ol
the trade, This reconstructed method
OF opera ton was adopted by ihc Cook
County Real Estate board last week.
Tho new plan. la effect Is as follows:
Purchasers seeking a real estate Invest
meut. ownCTs wishing 10 sell, trade nr
lease, builders seeking loans or 6rms hay
ing money 10 loan. OF persons in th" ilo!d
FOR subdivision tracts or farm lands Or
seeking To negotiate the lease Oi vacant
properties conditioned upon tho erection
Of buildings thereon may appear al The
board room OF communicate with the
board and mako their wants known;
with the understanding tbnt IN" board
Itself as an organization win act upon
them.
Those who have favored this plan in
Chicago say il means mitch TO the prop
orty owners and The intending purchaser
rs well as to the board. lis first object
Is 10 assist IN stimulating the market, In
asmuch as the novc was designed and
was assumed that such 4 step would have
n tendency 10 promote further confidence
i'm the Chicago market
ono of the chief effects OF the new
method win hc that owners seeking To
soil viii nc educated" by listing with
the board Itself. to tho advantage TO be-
agency contract Under the new arrange
mcnt. all properties listed. whether by
board members or hy others Will he
under the exclusive agency contract run
ming 60 tho treasurer nC the board.
In the main, the new rules Of the Chi
raSo exchange embrace the following
provisions:
Exchange days are 10 be on Thursday
Of each week.
Exchange hours, II a. IN. to 1870
p. III.
bcrs and the public, without cost. upon
request.
No property is to be listed upon the OK
change except under the exclusive
agency contract Such contract To ne
for period Of not less than six months.
No broker not regularly licensed shall
have the right 10 list properties on the
exchange or h" permitted to become u
party To a sale or trade OF any prop
crty listed.
Property listed shall be filed in
scaled cnvelop" and posted on the black
board on exchange DAYS only. with such
number posted at one time the cX-
change committee may designate.
~ the close of the exchange hour cards
cd to be posted on The listing board
where they shall remain for a period Of
one week.
a permanent file Of all listing 10 be
kept for inspection at all times by board
members,
Properties listed under exclusive
agency Tor ono year shall pay no listing
fee.
MI listing To be published on the
bonrd's bulletin. 10 be issued weekly or
semi monthly.
such bulletin shall he mailed 10 all
board members and circulated I'm such
other channels is the board may elect.
The public TO he admitted 10 the floor
of the exchange at all hours.
Suitable signs shall bc placed on all
listed when permitted by the
owner. setting forth that such property
Is listed exclusively ON the exchange of
the board and purchasabe only through
Il member of the board.
Tribune Want Ads.
Bell Main $500 Independent 3so