The Lubbock avalanche. (Lubbock, Tex.) 1909-1922, 1921-08-11

Ata very enthusiastic and interest
ing meeting held Tuesday night the
real estate men Of Lubbock County
perfected an organization 10 be
known as The Lubbock County Real
Estate Board" a constitution, by
laws and Code Of Ethics" were
adopted and permanent directors or
an Executive Committee elected. This
committee is To meet later for the
purpose of electing from its number
the officers Of the organization, con-
sisting Of president, vice-president
and secre1ary-treasgrer.
The purposes Of this organization
A. outlined in the constitution adopt
cd By the new organization are as
follows. To establish and standard
ize the business of real estate broker
age; 20 maintain the dignity and res
possibility Of its members in their
duty 20 the public; to provide and or
ganization for centralized effort and
cooperation in enhancing the welfare
and development of our country, so
that the desirable population TO which
our many advantages entities us, may
be- attracted and protected; TO insti-
fute rules and enforce them for uni
form commissions, and uniform list
ing Of properties; 10 cultivate and en-
force fair dealing and good fellow
ship among its members; 10 adopt and
promulgate a suitable code Of ethics
for the conduct Of the real estate
business upon a high plane of busi-
ness integrity which will, by its ef-
feet, merit and command the respect,
business and influence Of the public
TO the extent that, through its moral
effect and influence on all agents or
brokers dealing in real estate.
Whether members of this organiza-
tion or non-members. the buying and
selling public may be protected
agninst unethical, improper. unfair.
and fraudulent dealings and practices
by irresponsible. and unprincipled
agents or brokers.
The bylaws Of the organization
provide for an uniform commission
to be charged on all cash or part cash
sales Of per cent Of the total con-
Gderation, and.2 1-2 per cent Of the
consideration on both properties IN
an exchange.
The bylaws also provide that the
mens.ers of the organization shall
practice the exclusive listing Of prop
critics, so that the agent selling same
may be protected and SO that the
owner Of the property will receive
better service. II is pointed out that
where an agent has the listing Of any
property exclusively he can afford 70
spend more time and money in push
ling and advertising the property and
thereby come nearer making sale
for the owner, whereas, II property !:
listed with all agents none OF them
can afford to give II close attention
The organization Is designed FOL
the purpose OF protecting its mem
hers and the public from unscrupu-
lous, 6nprincipled and irresponsible
agents, commonly called curb stoners
and each member pledges himself moi
I TO divide commissions with any per
son who Is not actively engaged IL
~ real estate business.
Only persons. firms or corporation
actively engaged In the business Of
selling. buying. renting. managing
or loaning money on real estate arr
eligible for membership IN the organi
ration, and must maintain an Once u
Lubbock County In which such busi
ness u transacted.
The Code of Ethics adopted by th'
organisation u unique In that u lay
down rules and regulations founde'
on the golden rule unto other
as you would that they DO unto YOU,
4 and nlarna the momhgfahIu on Al
honof hssls In the transaction of thsi
business. treatment ~ the public AM
fair dealing With fellow members
The codS ~ ethics u based On th