The Washington herald., 1922-07-09

Continued from Page One.
Rep.irs-Under no circumstances
should an agent accept any rebate
or commission on bills for repairs
materials or supplies. The owners
should be given all concessions or
discounts The agent should make
a fair charge directly for his rea-
sonable compensation for superin-
tending, unless such service be IN
cluded in the rate paid.
Paragraph agent should Not
Rent for Illegal Purposes.-The
agent should guard the reputation
of both the client and his pruperty
by declining under any and all
circumstances to rent premises Tor
immoral purposes. Should an own
er wish him to do so, 1t is his
plain duty to decline, even though
it results in the property being
withdrawn from his charge.
Paragraph 1O.-Duty of Broker to
Fit Himself to Intelligently Per-
form the Functions of an Agent
The agent or broker owes 1t to his
clients, as well as himself, 70 en-
brace every opportunity, through
reading. studying, inquiry. discus
sion, observation. lectures and ad-
dresses. affiliation with the Real
Estate Board and other public
spirited organizations, to in
crease his knowledge of things per-
tanning to real estate in his COM
munity. such as special assessment,
taxation. sanitation. fire protection
and legal liabilities for damages on
various accounts to which owners
and agents of real estate are liable.
Paragraph lido Not Give Ad-
vice to Clients Unless Qualihed--
When applied to by a client for in
f1mation or advice on real estate
matter. the agent or broker should
never turn the applicant away with
an lily considered or "curbstone"
opinion. He should either decline to
advise or take time to familiarize
himself with the essential details
of the case. making a fair profess
sional charge therefor, when the
circumstances warrant. Unless he
is thoroughly informed. the broker
should not undertake to give his
client legal, engineering, architec-
tural or other technical advice; he
should refer him to an expert in
that line.
SECTION 3.
DUTIES OF THE AGENT TO THE
CUSTOMER.
Paragraph DUTY to Owner Can
Never Justify Misleading the Gus
tomer-An invitation to do business
with him extended by an agent to
the public should be a guarantee OF
honorable and straightforward deal
ing; and no instruction from clients
can justify him dealing in any
other manner.
Paragraph Agent should In
spect Property Before Onering-In
order to accurately describe prop
erty. its location and surroundings.
charges of bad faith. an agent Of
fering it. should II possible, make
a personal examination Of property
before presenting II to a customer.
Paragraph 3.-Agents Should
State Facts Only in Offering Prop
erty-The agents should offer each
property solely on its merits as to
location. convenience, plan, quality
and price, affording full opportunity
to inspect, making no exaggerated
or misleading statements, giving
truthfur replies to questions asked
and not in word. act or any other
manner become chargeable with de-
ception.
Paragraph 4.-BrOker should Ad-
wise Examination of Title by Buyer.
When dealing with inexperienced
clients. the agent should recon-
mend that title of the property be
certified as good by a competent ex
aminer.
Paragraph 5.-Duties of Agent In
Closing DeaI.-In negotiating and
closing deals the agept, in the alb
sence of attorneys representing
both principals, should exercise
care to see that all papers. adjust
ments and details are correct, un-
less he is specifically relieved fror
such responsibility.
Paragraph 6.-Broker Should Col
lect But One Commits sion on Fac
Property Dealt On.-A broker EN-.
ployed by a customer to buy or
rent property is the customers
agent and cannot act for and ac-
cept commission from the seller
without knowledge and consent of
both parties.
SECTION L.
SUGGESTION TO OWNERS AND
INVESTORS,
Paragraph Don't Expect
Brokers to Ask More Than You Arc
Quottng-A self-respecting agent
will not attempt to procure a Gus
toner for property at a given price
when aware the owner Is Offering
1t for less.
Paragraph 2-Brokers Informa-
tion OBSERVATION-DISCLOSURES of Gus
toners and terms of propositions
from brokers are confidential. This
information Is valuable and IL re-