The New York herald., 1921-01-09
THE ORANGES HAVE
INDUSTRIOUS BOARD
Jersey Realtors Report Many
Lines of Constructive Work
Mapped Out for 1921.
BY RAYMOND CONNOLLY,
President of the Real Estate Board Of
the Oranges.

by RA MOND CONNOLLY,
President of the Real Estate. Board of
the Oranges.
Much constructive work was accom-
plished during the last year by the MEM
bers of the Real Estate Board of the
Oranges, which comprises all the prom
inent real estate men throughout the
Oranges and Maplewood. The present
board was formerly known as the East
Orange Board of Brokers and was in
corporated in February, 1911, and COM
prised only men doing business in the
city of East Orange, but on April IA,
1920, the name of the board was changed
to the Realty Board of the Oranges. and
at that time the territory was enlarged
to take in the rest of the Oranges and
Maplewood.
Problems OF concern to realtors and
especially to property owners have been
discussed and acted upon during the last
year, The most important matter that
has Icome before the members Is the
question of proper housing This has
been handled by a committee appointed
by the board and by the members at
large, who have induced builders to erect
more than / 900 moderate priced dwell
ings, and also the work of the legisla-
tive committee working in conjunction
with the State Board of Brokers on the
plan to solve the capital phase of the
housing problem by using the State
credit to raise money for home builders.
The plan involves the issue of bonds
loaned to groups of building and loan
associations. The collateral will be in
the form Of mortgages held against real
estate investments by the members of
the various associations. This commit
tee recommends that the State issue
per cent. tax exempt bonds, allowing
the building and loan association to dis
count their mortgages to an extent of
s5 per cent. of the unpaid balances. The
Real Estate Board. appreciatlng the
crisis in the housing situation, feels that
the State Legislature will see the strong
desire to find feasible scheme to solve
the housing problem and will give the
matter consideration
committee of the board has also
been at work on the proposition of
proper zoning in East Orange. This is
an important work and when completed
will materially help the growth of the
city. Charles c. Lurich, the legislative
committee member of the bos-3, has
been at work for some time N conjunc-
tion with the State board to effect this
year q State license law whereby men
entering the real estate business must
qualify before State authorities. This
important subject was discussed at the
convention held at Atlantic City and It
is the hope of the New Jersey realtors
that such a law will be placed on the
statute books this year. the object being
to eliminate from the profession incom-
petent persons and those. considered
unfit.
The Real Estate Board of the Oranges
has made a practical study of the
standardizing of forms used by realtors,
and has had presented to ii for accept
ance n form of contract that in the
future will be used by all realtors
throughout the State. thus simplifying
and making uniform all sales agree
ments.
All of the members of the Real Estate
Board have had most successful year
In 1920 and look forward to 1921 as
being equally as good IL not better.
While the business world Is still con-
fronted with abnormal conditions we
have passed through the period of ex-
hilaration that characterized American
business for the last twelve months and
transition TO a normal basis is rapidly
approaching