The Washington times., 1921-06-25
new REAL ESTATE
BOARD Opens ITS
OFFICES MONDAY
Aims Of Organization Outlined
in Statement Issued by
!. Executive Secretary.

Announcements were mailed today
in connection with the opening of the
permanent offices Of the recently re-
organized local real estate board. ac-
cording to John A. Petty executive
secretary. "a suite OF two rooms on
the second floor front OF the Inter-
state building. 1919 # street" 1t wss
stated, "have been fully equipped to
handle the routine work OF the
board" One room 10 to be used as
the executive office and the other is
equipped for committee meetings
appraisal committee, including pla,
books, maps, tax records, etc, have
been Installed under the supervision
Of william L. Beale, chairman OF that
committee.
The officers--H L. Rust. president.
J. C. Weldon. ice president; A. s.
Gardiner, treasurer. and John A.
Petty. executive secretary--will be In
the offices during Monday to welcome
the members and friends of the board
who are expected to visit the new
quarters during the formal opening.
In speaking Of tho now organixa-
tion, Petty stated: Heretofore the
local board had been an association
of real estate brokers, with it's prin-
cipal activities, In the main, social.
Under the reorganization, membership
Is now extended to include property
owners and certain classes OF bust
ness professions closely allied with
ciate membership participates In the
- xyo tsx,if ~ n
board and this feature gives to the
board distinct element of civic
character"
"The aims and purposes of the or
ganization are unselfish and broad
spirited, and the board Is receiving
the support of local men of the high
est type. In taking the step. which
resulted In the present reorganiza-
tion, the board has merely followed
the lead of real estate boards in
most of the principal cities in es-
tablishing oficcs with a paid execu-
tive secretary. In such cities as
Philadelphia. Baltimore. Chicago,
Oakland, Buffalo, Detroit, and many
others. the real estate board, by dts
broad-spirited development has be-
come strong power for much good,
They guard and protect the property
owners and at the same time develop
those things that mean the greatest
good for a city.
The policy of the local board will
be developed on broad lines, and II
will support all worthy movements
affecting real estate. BY adopting the
code of ethics approved by the Ma
tional Association of Real Estate
Boards, its members will standardize
the practice OF real estate as the Inn
portance OF the profession merits. IL
will cooperate with the municipal
authorities in eliminating the unli-
censed and Irresponsible broker. who
by his inexperience and sometimes
questionable motives, Is a menace to
the public. Transactions involving
real estate require more than mere
salesmanship and should only be
handled by men experienced In the
fundamentals that underlie the pur-
chase and sale OF real property. as
well as the intricate questions In
volved in the management OF estates.
The board hopes. through It's influ-
ence and the example of its members.
that eventually the practice Of real
estate will be restricted to only such
persons as are properly qualified.
thereby. maintaining the dignity OF
the real estate profession.
with the support that is at pres
ent assured. the board has a splendid
opportunity to develop inte one OF the
tions in the city, and will be closely
identified with the future development
! of the National Capital"