The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-02-05
REAL ESTATE AND
BUILDING NEWS
CONTINUED From First Page.l

people whom they are supposed to rep
resent
4 dozen other agents and as many
citizens who arc NOT real estate agents
talked with inc In the same strain, OK
prcshing themselves In almost the
same language. BE ii understood that
the agents themselves are not any
more interested financially In this mat
ter than other people. hut buying ana
selling property for other people they
butt Mp against this relic Of the
Reconstruction era oftcner than other
people, and that is why they talk
more about H. Fhc man who buys the
property and not the agent who en-
sineers the deal. pays the tax.
Another Howl Ia tniscd.
Another matter which came "a light
last week has greatly stirred UP the
agents and the people who borrow
money on real estate. The lawyers OF
Richnond who examine titles when
neccssar* 20 enable q borrower TO get
money on his property nave nearly
doui cd ;hcir charges for such Work
by taacing first cost and adding a
Kind 81 al valorem tax. The lawyers
have issued circular which starts on
with a lot Of whcrcnscs to the effect
that the Increased bulkiness OF the re-
cords OF Richmond and fcnrico courts
have made their examination Work
greater: the land gra bier laws have
made their risk greater, etc, etc
..Thcrefore," says the circular, That
they Ghc iawyers) will not. directly
or indirectly. examine any title Tor
any ono FOR a sum less than the .ol-
lowing, charges. VIZ:
in case OF an examination OF title
or Richmond city or suburban lots for
a sale or loan. ten dollars (s1o.00J,
,, ~ i,n nf M 411
estate examined. or amount loaned
thereon. does not exceed one thousand
dollars (sl 100000; and In case the
Said purchase price or amount loaned
exceeds ono thousand dollars, then
there shall be charged In addition to
said ten dollars the sum OF two dol
lars (s2.0n) per thousand, or fraction
thereof, on the purchase price or
amount loaned in excess Of the first
one thousand dollars.
Out Of Town Charges.
ION acreage property the minimum
fec shall he fifteen dollars tsl5.o0).
and IN case the purchase price OF
amount, loaned exceeds one thousand
dollars then there shall be charged
. minimum fec Of fifteen dollars
lsl5.oo) With the addition thereto
or the sum OF $500 per
thousand or fraction thereof. on the
purchase price or amount loaned In
excess OF the first one thousand dollars.
No abstract shall be continued for
Il sum less than the foregoing charges,
with this exception. viz: if not over
i've years old, and provided ii still
stands either in the same name or in
The name OF the person FOR whom II
Was made, 1t may then be continued for
Z minimum fec OF five dollars (S5.00)
with the addition thereto OF the sum
Of s2.60 per thousand, or fraction
thereof. on the purchase price or
amount loaned in excess OF the first
ono thousand dollars
1t would seem that the men of
The legal fraternity have formed sort
of combine on this proposition, for
lower down in the circular the Bar
Association OF Richmond is requested
to adopt these articles as a minimum
.ariff OF charges" and then follows a
.oot note which says: Tho above
schedule has been ratified and adopted
by the Richmond bar"
How the Things Foots Tn.
The circular was filed with all OF
with other people interested and the
into effect on tho first day OF Fcbru-
airy. The agents and some others who
came to me with their woes arc hot in
the collar about the whole thing. One
OF them did some figuring which shows
that If q man wants to borrow $4,000
on real estate security he will have TO
pay the lawyer who examines tho
little 20 the proposed property