Capital journal. (Salem, Or.) 1919-1980, 1921-05-28
Exclusive
List. Plans
Developed
Realtors Association
Plans Better Service
for Clientele and Ad-
vertising County

-
With a view to giving their
clientele better service and to
eliminate confliction in the sell
ing of real estate, and further to
protect themselves against the
buyer who, after being shown
property for sale consummates the
deal through the owner instead Of
through the agent who has spent
his time in trying to find a pur-
chaser, the Marion County Real
tors association, through COM
mittee appointed for that purpose,
has worked out plan of exclusive
and exchange of listings, whereby,
after a certain period of time, the
seller Of property giving an exclu-
sive contract to any member of the
association, will have the entire
body working upon the sale of his
property.
Plan Given.
The plan as worked out by the
committee which reported at a re-
cent meeting OF the association,
and to which there was some oppo-
sition is in substance this:
The establishment of a central
office and the employment of a
secretary whose duty it shall be to
receive, index and file all listings
turned in by members of the board,
copy them and furnish each mem
ber with copy on the day fol-
lowing its receipt at the central
office. The secretary shall not be
connected in any way with the
realty business nor carry any Ii
cense for selling real estate. The
supervision of the office shall be
under the executive committee of
the association.
No member of the board shall
accept listings of property in and
adjacent to Salem, except on an
exclusive contract to sell, except
ing where property is located at a |
distance or adjacent to some other
city or town. Such listings shall |
be his personal property for a per-
iod of Is days. At the expiration
of this time he shall turn over to
the central office a copy of such
listing for the use Of the mem-
bers of the board.
II the property is sold by any
other member OF the board pro-
curing the listing the commission
shall be divided as follows:
Commission Discussed.
The realtor completing q sale
shall receive so per cent, the sbrok-
er who procured the listing shall
receive 80 per cent and the CEN
tral office 10 per cent. Should the
broker who procured the listing
sell the property he shall receive
the entire commission. All sales
shall be consummated through the
office of the broker who made the
listing of the property and he shall
be required to get in touch with
me owner and assist in closing the
1eal.
1t is further required that any
broker taking listing must per-
sonaliy inspect the property and
furnish a complete description OF
L. giving the location, distance
rom town, school, r. F. d. roads.
PERSONAL property IL any and ev-
'rything that will assist in maxi
ng the sale. +
Changes to Be Made.
In order that the plan will. meet
ne approval OF the few who oppose
an Its minor details, thu COM
I IN tbs minor details, the com
nittee composed of ]. A. Mills ana
: H Graberhorst, will make ,
hanges. extending the period Of
, days to 80. There VIII t.rob-
Oily be added some clause hy
Which realtors can accept open i
ontracts from property sellers
Vho do not care to give excIusivei ,
istlngs. Such lists. however. VIII