The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1920-09-04

houses there would be no trouble in
renting them. Rents are still on a
| gradual Increase Several local deal
ers predict 10 per cent increase in the
majority of rental properties and
apartments to take place this fall
/ The condition is interesting large
numbers of citizens in purchasing
properties, paying for them in month
" installments instead of paying an
ever-increasing rent charge.
| Buyers should not begrudge the
commission paid an agent for care or
sale of their property. according to e.
G. Seger. 1t is often the best money
spent on real estate.
DO not think that the work eff a
Realtor is easy Seger says. and that
he does not earn his commission In
many cases he does a tremendous
and is often able to take care of a prop
erty or sell it fer more than the owner
could. The doctor saves or loses his
patient. and collects, his fee; the law
yer wins or loses his case. and collects
his fee; but the real estate agent must
l.win-must make the sale-in order to
collect his fee. He must do all the
work whether he wins or loses, and
,often he spends a lot of time and eff
| fort, and then his sale fails or falls
down foE-various reasons and he can
not collect his fee. The conscientious
real estate agent the real Realtor.
goes ~serenelY along rendering and
giving service. and iSAjustly entitled to
a reasona bile compensation. Place your
property for care or sale in the hands
of a, Topeka Realtor."
! John Elliott, of the Shawnee Invest
ment company, has returned ron
motor trip in western Kansas He>re-
ports excellent crop conditions Whlch
bid for prosperous fall and winter IN
Kansas.
| While A number of individual deal
ers closed their most successful week
this summer in the last week, returns
given out at the office of G. L. Tuer,
secretary of the Topeka real estate
board, indicate considerable drop from
1.-THE total volume of sales reported III
the preceding week.
volume of sales and loan transactions
Returns reported this(week indicate
| transactions amounting to $1I1,55S
lclosed by Topeka dealers this week
For the precedingi week the total
lamount involved in real estate trans
actions reached the total of s34o,-
$3.50
Mortgage companies and individuals
loaned ON city. property the sum OF
s6S,233 City sales in the last week
involved s69,s25. FARM sales reported
indicated the changing of hands OF
| D 80
Secretary Tuer points out that the
reports are incomplete in that all
realtors do not send in records OF their
transactions.
The pfoportionate value of real
estate transactions. amounting to
| $i71,55s. may be gained by reference
/ to the bank elearings for the same
week Theodore Mueller. manager of
the local clearing house. reported
total of S2.6ss.647.s5 cleared during
the week In the week preceding the
amount was $3,32o,4 25. Some of the
largest single transactions come from
the real estate field.
A local real estate dealer quotes
from a speech of Abraham Lincoln
made in 1854 before the Werkmen' s
association, in which Lincoln said,
Property is the fruit Of labor; prop
erty is desirable; is a positive good in
the world. That some should be rich
shows that others may become rich,
and hence Is just encourag cement to in
dustry and enterprise. Let not him
who is houseless pull down the house
of another. but let him work diligent-
Iy and huild one for himself, thus. by
example. assuring that his own shall
be safe from violence when built
The city plan commission of st.
Louis in a recent report emphasizes
the scarcity. of homes and discusses
measures for its alienation
The report points out that mortgage
money has been driven out of the mar
ket by oppressive legislation They
say, "capital for house building has
been taxed out of the mortgage mar
ket into other channels, where the
chances for profit are greater OF
where the securities are exempt under
L.