Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1920-09-26
News - Richnond'> Realty World
TO ORGANIZE STATEWIDE
REAL ESTATE EXCHANGE
H.. Ray Richardson and f. T..
Schmidt VIII Tour Common
wealth In Behalf OF Move.
DEFENDS REALTY DEALER
Arc Much Mnligncd Class, Says
Champion OF Members of Rich
mond Exchangc-Activity OF Past
Week In Local Real Estate World.

T.. Ray Richardson, secretary OF the
Richmond Real Estate Exchange,
spoke In Charlottesville last night on
tho formation OF a State exchange Of
real estate boards. He will be Joined
there today by T. r. Schmidt. OF the
Richmond exchange, and the pair will
make n tour Of the state this week In
che interest Of tho formation Of the
I new organization.
Already several organizations OF
realtors in Virginia have lined up
back Of the plan and the two Rich
ihonders are planning Il trip TO the
Scaboard as soon as they have COM
pieted their work in the other sections
Of the State. where realtors will be
asked TO affiliate with the new asso-
cation.
Monday they will visit Alexandria.
Tuesday Winchester, Wednesday
Staunton. and Roanoke and Lynchburg
Thursday. On Friday they Will be in
Danville to promote interest In the
proposed organization and Will re-
turn to Richmond Sunday.
In statement yesterday on the
now association. which will be form
cd In Richmond October II and 20.
when realtors from all over the State
VIII convene here for the purpose.
Nr. Richardson outlined the plans Of
The Richmond men backing the pro-
Jcct.
a Community Ncce.nity.
Il do not know OF any CLASS Of indi-
Sinuaih who are so necessary to the
growth of community as the real
estate man" Mr.. Richardson said. lie
IN tho servant OF society. Iiis pccu-
liar knowledge and natural gifts tend
10 make him aiiroa: Indispensable in
any growing and progressive locality.
Yet l cannot recall Il class OF men
who are more un)ustly accused OF
more evils than those who handle real
estate.
IL we seek to find a reason for this
state of mind which seems to obsess
the public at large. | think We can
trace it's source to three funda mental
ns0on; second. lack of understand.
ing OF real estate economies. and
ih.rd too little publicity.
VIC have been. and continue. on
mary, that grow out OF ownership and
handling OF real estate arc charged
to us. We do not deserve this cen
ton, What Is the best thing to do?
There Is only one thing TO do.
Organize. selt-prescrvation is tina
sanize Tor our own protection"
Eliminate Dishonest Dealer.
MT. Richardson declares that one
change will be formed is to Intro
duce into the next General Assembly
legislation to make each real estate
10 do business on the recommenda-
iion Of property owners Of his To-
"ali,y and thus eliminate the dishon-
est 'curbstonc broker" in realty. who
iS-tn blame for the ccnsurc which Is
directed at tho realty dc .lcr.
The new association you'd cleanse
the business and place it's position
before the public In the proper light:
Limits 70 commissions probably would
|. bc established and excessive commits
sions eliminated.
change. has been lighting the bat
ties OF the realtor single handed"
Mr. Richardson said. All have been
protested la and benehited by Its watch
expense Of organization OF the ex-
change. IT is a privilege to do this.
however. for the good that such an
everywhere"
Activity of Week.
several hundred thousand dollars
last week. real estate men reported.
and business continued to pick up."
Many small sales were reported. with
special demand for small places. ana
hands. 'u
one realty company sold West
Brcaa d street store for s65.oOo. but
10 yet make known tho location or
The property changing hands.
other sales included 7ll-I3 West
and Company. The deal was closed
ia'c IN me week and has Just gone
TO record in Chanccry Court.
other deals OF Importance were tho
transfer of the property known 'n ns
:tou kenslngton Avenue. for 500. oOO
and number of other residences
up AS though II would be tho bnnnnr
week Of tho season. but did not con.
t,nue It's high .msrk. Many deals
cioscn were Tor property which will
not be transferred for sor,o ~. "4h