The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-01-16
New Bill Would Require
License to Practice
in Oklahoma
AN EXAMINING BOARD
Fines Provided for Dishonest
or Unprofessional Conduct
of Licensed Realtors

14f
80 v.iU be under control of board
~ cvc. three of tho members OF
.bt,h must have been engaged IN
,hc rsHI estate business IN Oklahoma
,or AT least ten years.
Tbi. bill. which has the hearty
.urnort of the Tulsa Real Estate cN-
/, ,baugc. a member of the state asso-
= s,,tior. provides that on and after
January l. 1922, II shall be unlawfui
for anv person 20 engage w the busl-
rsss Of buying or selling real estate,
directly or indirectly. or To transact
,nv OF the business OF 4 real estate
hrokcr or salesman without first OBJ
,,ininp license therefor.
real estate broker. within the
r,c.rinc OF the law. IL any person
who sells. or offers to sell. buys or
nffcrs TO buy. or ncgotiates or offcrs
An rccotiate real estate Tor anothcr
Attorneys. At-law. IN the perform
,,co of thNr duties as attorneys. re-
,ci,crs trustees in bankruptcy. etc,
when acting as SUCH. arc exempted
under the law.
Commission of Five
rho proposed law provides Tor "A
( s,uic real estate commission OF iiVe
4 mon. three Of whom have been en-
v o.r,d in the real estate business Tor
AZ least ten years immediately prior
10 their appointment by the govern
or They shall serve without com
nensation. except when actually en-
nloycd or engaged in tho work OF the
commission.
Anpucants for "A license must be
recommended TO the commission by
,t least two citizens, real estate own
,rs not related to the applicant,
which rccomm ndatiQns shall certify
mai the applicant bears good
reputation Tor honesty and fair deal
ing. The applicant must furnish a
sworn statement setting forth his
residence and business address, and
state his place of business and resi-
doncc for the past five years.
The annual fee for a brokers' Ii
rcnse is SO. The fee for statesmen
is IS.
The commission will be self-sus-
taining and all revenue accruing to
It shall be held In special fund FOR
the administration of the liccnsc law
and the credit balance turned INTO
The general fund of the state treas
ury at the end of each fiscal year.
The commission may suspend or
revoke a license OF a broker or sales
man for any Of the following rea-
sons.
Cause for Suspension.
Making any substantial I0isreprc-
scntation or making or pursuing
continued and fligrant course
o. misrepresentation or. making
false promises through agents
or salcsmcn or otherwise; or
acting for more than one party
In tranaction without the
knowledge of al parties thereto;
or representing or attempting 10
represent a real estate broker other
a Y.
press knowledge and consent or the
employer, or failure to account Tor
or TO remit any moneys coming into
his possession which belong to 9TH
crs; or paying a commission or Na'u-
able consideration to any person not
licensed under the provisions or the
act; demonstrating unworthiness OF
lncompctcncy to act as real estate
broker or salesman In such manner
as to safeguard the interests OF tpe
public, or any <her conduct, whether
Of The same or different character
than hcreinbefore specified. when
constitutes dishonest dealing.
The act does not relieve any per-
son of civil liability or criminal
prosSeution pr sec i ion un3er the general laws
The penalty for violation OF the
provisions of this act, In addition 10
The revocation of the license. II the
commission deems advisable. Is a fiifs
Of not less than 500 nor exceeding
$500. or by imprisonment Tor not
more than two years, or by both
esuch fine and Imprisonment. II a
corporation is the offender 1t shal
be fined $1,000 and the officer oi
representative who directly violated
the law fined $500 in addition, OF
both fined and imprisoned.
This bill is sponsored by the Ma
tonal Real Estate association, anc
viii be introduced this year In tho
legislatures Of many states in order
Nlo secure Il uniform law regulatint
the real estate business OF the natiof
and TO put the profession upon
higher plane.
Restore Good Name.
John II. Miller. president OF th'
oklahoma state association. and eN
president Of the local exchange, be
hevos the passage of this law VII
benefit not only the real estate fra
'ernlty but the public as WELL.
Under existing conditions. "A per
4 son without any experience and onl!
United scruplcs may come to Okla
homa and engage in the real estat'
business without any restrictions
ana to INSCRIPTIONS persons wh'
nave entered the state in past year
Us due much censure for havini
caused The public TO question the in
eslNy Of the real estate profession
as whole. It has required tn
combined efforts OF all Legitimate
uealers and brokers Ito counterac
hc impression that has gone forth
However, ! am glad to say tina
me atmosphere has been greatly i'm
proved recently and that Tulsa an
ohldhona real estate men as Who'll
~ honest, loyal and patriotic 4
helr home state and their hom
yWIes' The law now before the legis
nIure VIII, II pissed. prevent a re
utt' nee of conditions that once pre-
Mlod ana eventually place the rea
,,Nalt Salt profession upon the plan
where II belongs.
No. 10 Tulsa real estate men belong
y ~ Suall share of the credit for put
"s ms city where II Is today. An
Yol iecl assured that these men ar
'nS 70 play a big part In the fu
'e growth of this CITY,"
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