Arizona republican., 1921-03-14
Real Estdte Licensing B1U Just
 Pdssed Designed to Protect Public

Protection of the public against un-, .Scrupulous or unethical methods and a bonded guarantee against misrepresen- tStiols are provided in the real estate licensing bill as passed by the recent legislature. H. s. Prince, president of the Maricopa County Real Estate Board. explained yesterday in com menUng upon the measure. The bill is now awaiting acIIon by Governor Thomas F. Campbell If signed, it will become operative 60 days after th9 governor affixes his signature.
 We have been attempting some sort of legislation to regulate the real es- tate business for many years, but our efforts have always been futile here tofore." Mir Prince deciared.
 The bill was designed with but single thought in mind-that of pro- Viding the public with a weapon Tor self protection in dealings with real measure which passed both houses with little opposition will place such weapon in the hands or people who deal with the realty broker.
 We also believe that through licens ing the real estate business will be elevated to the same plane Of other professions. It is. indeed. 8 profes- sion ana cue WHICH 0dS <tSAIdCltq SOlnc of Arizona's best known business men.
 One point in particular should be crnphs sized" Mir Prince continued The bill positively does not interfere with owners in the handling of the property. There has been an erroneous impression that the bill would prohibit property owners from selling their own property. Owners can sell their own property as before if the bill becomes a law without interference in any way rom real estate men,"
 The bill follows:
 Section l. No person, firm, CO., partnership or corporation may engage ir the business, or act in the capacity of a real estate broker, or a real estate salesman within the state of Arizona, without first having obtained license therefor
 Section 9 A real estate brok CT within the meaning of this act is a person. firm, partnership or corpor- sJion who, for compensation, sells, or offers for sale, buys or offers to buy, or negoriates the purchase of sale or exchange of real estate or who, for compensation. negotiates loans on real estate, leases or offers to lease, rents or leases for rent or collects rent from real estate. or improvements thereon for others as whole or partial voca.- ton. A real estate salesman, within the meaning of this act, Is one who, foi compensation, is employed by licensed broker to sell. or offer for sale, or buy or offer to buy, or to negotiate tho purchase, sale. exchange or handle ir any manner. real estate, or to negotiate a loan on real estate. vr 10 lease, ol offer to lease, rent or place for ren any real estate or improvement thereon as a whole or partial vocation. Pro vided. however, that this act shall no n a rN- fre o corporation who shall perform any O the acts aforesaid with reference {, property owned by such person, co partnership or corporation: provided further that this act shall not appl. to persons holding duly execute, power of attorney from the owner 0 property, nor in any way to include o apply to the services rendered by al attorney at law in performing his du ties as such attorney at law; provided further that this act shall not appl 10 any receiver, trustee in bankruptcy or any person acting under order o any court, nor a trustee selling unde deed of trust. One act, for compen sstion, of buying or selling real estat of and for another, or offering for an other to buy or sell or exchange or i anywise handle real estate, or negotiat ing a loan on or leasing or rentin UT pldCiHS TUT Ieiit real eStdte, UT COl iecting rent therefrom shall constitut the person. partnership or corpora ton making such offer or sale or pur chase or exchange or lease or nego tiating said rent or in anywise handlin a real estate broker within the meanin of this act"
 Sections three to seven have to d with the creation of a state real estat department and the appointment of real estate commissioner, but this sec ton was amended investing the licens Ing power in the state land commis sioner
 "Section '. All fees charged and col iected under this act shall be paid b the real estate commissioner at leas once a week. accompanied by a detaile statement thereof. into the treasury C the state of Arizona to the credit of fund to be known as the Real Estat Commissioners Fund which fund