New-York tribune., 1922-11-27
Misrepresentation
Will Bring Trouble
To Realty Men
Jersey Broker Finds Himself
Facing Charges Because
His Description of Prop
erty Did Not Fit Facts

With state commissions In operation
in New York and New Jersey dishon-
esty in the real estate field soon will
be eliminated and the buainess Of trad
ing in property lifted to the height of
profession. Men who have abused
the. confidence placed in them by the
public are scurrying for more friendly
parts of the country TO transact bust
ness in way which will not be tole-
rated In the fourteen states where real
estate brokers are licensed.
The New Jersey commission, which
has been functioning for about year.
has been severe on those who have
of the law. Real estate men of New
Jersey have backed the commission in
its punishment of those who have not
been good realtors. AS the law regu-
lating the action Of real estate men
in this state went into effect only last
month there has been no time yet for
it to show it's teeth.
At Elizabeth last Wednesday seven
teen real estate men were brought be-
fore the commission to answer serious
charges. They were accused of bad
faith, downright dishonesty and mis-
representation, any of which is not en-"
titled to clemency in the eyes of the
Jersey commission.
One of the cases which was heard
charged broker with misrepresenta-
tion.
Story Too Roseatc
According to statement issued by
the commission one complaint in this
case involved the sale of a farm near
Flemington, which the purchasers were
told covered seventy-two acres, as had
been advertised, with six COWS, 800
head of poultry, two horses, all i'm
proved machinery, tools, crops. a good
house and farm buildings, for the price
OF $500, with an initial cash payment
Of $4,000. Upon arriving at Flenington
the prospective purchasers were in
duced to buy another propert, which
fell far below what had been repre-
sented to them.
This place contained 105 acres,
but only half of it could be farmed,
the balance being brush wood and wet
pasture land. The price paid for it was
$500 instead Of $500 and the pur-
chasers paid over the stipulated $4,000
in cash. 1t had been represented that
Flemtngton had a population of $500
people and in fact it numbered but
1880, they found. The victims had been
totd liie 1aIiu WdS TWO niles from Flerl-
| ington, and they discovered the dis
tance to be five. They also were ad-
vised Flemington operated three public
markets, respectively on Tuesday, We'd
nesday and Friday where all the prod
ucts of the acquired farm could be
sold. This information was late,
found to be false.
The purchasers learned also that the
same farm had been sold for $500
only few years ago and there had
been no improvements since to warrant
the $500 price paid by the complain
ants. The live stock was greatly mis-
represented, both as to its number and
quality. as was everything else about
the place. The complaint Of the two
purchasers includes the following en-
Tightening statement as to their plight:
I'VE paid all the money we had and
as it was impossible for US TO continue
we were compelled to give up the farm
to the owner, who gave us a third
mortgage for $3.50 pa able in three
years from date for our cash invest
ment. We are informed the mortgage
| is Worthiess /"