New-York tribune., 1915-10-03
A. ii. Wagg Tells Realty
Convention Protective
Measure Is Needed.
LEGISLATURE TO GET
REMODELLED BILL
Aim Is to Raise Standard oil
Ethics OF the Commission
Business.

Real Estate a oClaItrN o4 -f'"
state was tha; on the proposed rego
I.tor o. real estate brokerage.
"No one win question Che fact tha
Che confidence OF the buying public has
been snamcfuay abused by inefcien
and Of honest brokers. who entered che
real estate field without proper prep
arahon. and were driven by am .nordi
nate greed to extremes OF missepte
sentauon and dishonesty" said A.fre,
n. Wage. "Nci.hc~ DO we believe WI
arv one question The fact OF Tie pres
c-f unnrofsssi0na. tendency o. spHt
sing comm lssious. The suburban dc
,cioncr and country broker who dam
.ul~ himself Ir competition win me
village shoemaker. blacksmith an'
r.rHrrer. win welcome any Legitimate
method which will place tHc real esta''
profession iu Its proper light before
.nc community and eliminate tneS'
Holiday brokers. 90 whom your codes
1f ethics mean nothing. non-producers
talgclcse 20 thcir community, and
menace TO the buying public
"goal cst1t, associations fhrougnou'
rrc state have undoubtedly accom-
rIshcd much ir the development o.
,hc ethical side Of our profession nu'
wc must remember that these asSoeia
lions lack authority. and contIo. "I'I
loose hand. only the members ol
.hcir various Organizations, having nc
Jurisdiction Of any nature on the mak!
ouo-gtors without aifilauon. Wa rep
resent the large majority OF rev es-
-etc brokers. l. has been stated on
GOOD authority that less than o pei
cert Of the brokers ln 'ne metropo'tAl'
district are represented IN any rec
oenized board or association. q,
"Ouoting Mr. CraCu. o. Cleveland,
instead Of allowing the lncompe'fni
and irresponsible broker 20 damage ms
client before he is eliminated, II IS
now thought desirable 20 have ouallh-
cations prescribed by somebody. backed
bv the sanction OF law. We have IN
mind the salutary influence Of state
commission. authorized 20 Withdraw
The authorization and even 20 prosecute
anv broker. shown by careful invesu,,
cation 20 be guilty Of unprofessionsl
conduct
Mr.. Waeg referred TO the efforts by
the association % frame bill whlch
would meet with the approval OF the
State Legislature. He told Of the bill
that was introduced last year, how ~
differed from the one drawn up and
presented az the last convention. he
outlined the principal provisions OF the
measure 10 be introduced IN the nex'
Legislature. He added:
"The commission was increased from
FIVE 20 nine members and the dlstrlcts
made 20 represent more accurately the
varied interests OF the Empire state
II was though thas ths problems con-
fronting real estate men Of the metro
politan district. city operator and sub
urban developer. differed materially
from each other. and from those con
fronting the broker in the farming
section Of upper New York State, and
that these diversified interests should
have ADEQUATE representation ny
skilled and experienced experts, &C
ouainted with actual local conditions
"The compensarion Of the members
of The commission. which was orlgl-
nsllv placed az from $4,000 70 $4,000,
was eliminated, and the members OF
the commission allowed only necessary
travelling expenses. Their deputies
and the secretary Of the commission,
who should devote their entire time 70
is work. ere 10 be paid salaries not 70
exceed $4,000 a year. The suggestion
has been made that the commissioners
should be allowed ell legitimate ex-
penses or a nominal salary 20 provide
~ ,;..-,o fae for brolers WAS re-
go - e1O q vaar The
..-...-, ~ +tc committee on this point
,.. ,-.,iro,us ae several members
"a e or ,4 I.osf s75 "a wear should
--.s 20. ,ri+b O desire 10 penal-
~. .S1 l,c,t,~-.+s rrot. rut 20 pro
.... t.-, s,.i... .-r..t..ro.o -ompeti-
r., -. l.. ..,-.o-.rl v.ouid
I..I ,,.4cu h, epy
'' I'D an ~ ms vould
rex "saL ..,. ,,...,,. ,ir,es ,hi &
tpeuu -t.. b.. ,..., -borosls for
tmouhl ~ - b.. h.e, roin.ed
an e4 al hc
out by MI Doi ''-- ~ m. -
amounts coIIeoleo "ouiu oe 80 ~
MAINTAIN the expenses o,va'eu ~ .u'
bill, and 20 provide IN aoul,loh ~
stantal sum Tor genera sta.e Puplioisy
OF healthy sort shouiU Su0h p''" ''
deemed advisahle.
ne trends ~ this PHI 90 hot oIa IN
10 panacea Tor Az MS hel'heI uo
lH'f '."li' N''' % "' ~ -,
Is all dishonest practices. ne Ia"
prescribing the electric char Tor muir
der has not succeeded IN eliminating
the dangerous criminal. but should We
wipe this law from our statute books
because it has NOS been 100 per cent
efficient? We as real estate brokers
must have as excellent reputation ioI
safety and service as a bank or insur-
anee company. state supervision IS as
necessary for one as ior the olner
The confidence OF tho puhIlc' whleh mas
been abused. can De restored oniy oy
our own attitude toward matters oi tni'
KIND, ana we can never expect reAl
and permanent prosperity until we nave
re-established real ana permanent
confidence. Ne ehoIIO avail ourselves