Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1921-10-31
ASK REDUCTION
MORTGAGE TAX
IN VIR GINA
Executive Committee OF
Virginia Realtors
Held Here
BANQUET FOLLOWS
First Meeting of This Committee
Here-Targe Number Of Members
Present.

Present.
A reduction Of State mortgage tax
from S1.10 per 500 to 80 cents
flat, PAYABLE at the time the mort
gage is recorded, for the tenure
Of the mortgage, was recommended
at a meeting of the executive COM
mittee Of the Virginia Real Estate
Association, held Saturday afternoon
in the rooms Of the Chamber of COM
merce. 1t was pointed out that
this would make more money avail
able for relief Of the housing short
age. At the prevailing tax 6 per
cent on mortgages yields the hold
er $3.50 1t was urged in the re-
port submitted that this results IN
money being taken out of the State
for investment purposes to places
where the interest yield is greater.
The association decided to spend
S25,000 a year for the next five
years advertising the State of Nir-
ginia.
Clement S. Ucker, vice president
Of the Southern Settlemnt and De-
vclopment Board, gave an address
on Opportunities in Virginia cal,
ling upon Firginans to awaken and
cooperate for the good Of the state.
The delegates were met by men,
bers of the Alexandria Real Estate
Board when they arrived in Alexan-
dria and later in the day shown the
points Of interest in the city.
Saturday night banquet was
held at the Hotel Rammel and dur
ing the evening speeches were made
by large number of the visitors
and also by number Of local mem
bers.
The meeting was presided over
bv Bruce Boew, Richmond, president
Among those attending were: Vice
Presidents John G. Graham, Alex
andria; Joseph B. Ives, Norfolk; f..
K. Hawthorne, Charlottcsvil!e;
Charles a. Ball, Roanoke: c. NJ
Finn. Danvilc; f. Ray Richard
son, secretary-treasurer; executive
committeeman ". ". Robertson,
Norfolk; j. NJ. Warren, Hopewell;
Edgar Allan, ir., Richmond; K. l.,
Rush, Roanoke; 3. +. Wheeler,
Charl ottesvlle, and Frank H. Cox,
fredericksburg. Others present
were: John d. Normoyle; A. Fl. Ag-
new, Laurence Stabler; R. A. Ruff
ner. Nelson T. Snyder, F. c. Good
now. Alexandria,; +. +. Schmidt:
Richmond, and }. D. Stone, Nor
folk.
REALTOR-The name is a pledge.
For good service and fan, dealing
All Realtors are Real Estate
Brokers-but not all Real Estate
Rrokers are Realtors. Webster's
international Dictionary defines
Realtor.
"a Real Estate Broker who is a
OF Il local board having
in the National Assocla-
tion of Real Etate Boards, an organ
ization for the advancement OF the
interests of Real Estate Brokers, and
th protection of the public from un-
principled agents or brokers.
The National Association Of Real
Estate Boards has established GER,
tain principles for the fair and
proper handling of real estate trans
actions. These principles are are
the standard practice Of the Realtor.
He respects his profession. He
has ideals and a code OF ethics to
which he adheres in hs dealings with
his clients.
This code makes for Justice, hon
estv and fair dealing. It is for the
protection Of the public, for only
bv protecting the public can the real
estate profession hope to be OF SER
vice.
If YOU are buying, selling, ex-
changing, renting or leasing prop,
ertv consult a Realtor. You will
find him a man worthy of Your trust
The local members are John D.
Normovle, Lawrence Stabler. r {.
Godnow. Nelson Snyder, A. H. Ag-
new. Richard Ruffner and Graham
and Ogden.