Perth Amboy evening news. [volume] (Perth Amboy, N.J.) 1903-1959, 1922-05-24
REAL ESTATE
MEN CONVENE
State League Discusses
Problem of Operators. Din
ner Is Served Here.

The real estate league of the
state of New Jersey held It's monthly
meeting at the New Packer House
yesterday afternoon. The organiza-
ton members were the guests of the
recently formed real estate board
of this city and the formal meeting
of the league in the afternoon was
followed by a dinner in the grill
room of the hotel.
A discussion of the real estate IL
csnse act occupied a portion of the
afternoon session, with the consider
alton of several proposed amend
ments. All questions with reference
to the act were finally referred to
two committees which are to draft,
fisrt, a definition of an office, and
second, a set of rules to be used as
qualifications in obtaining license
to deal in real estate, the aim being
of course to eliminate so-ealled curb
brokers and irresponsible dealers.
The meeting was held in this city
at the invitation of the local real
estate board and as the result of
Yesterdays session it is expected
that the Perth Amboy organization
will assume a one hundred per cent
also in the national association OF
real estate boards.
The members Will then be entitled
to use the term Realtor. which is
real estate broker who belongs 10
local board that is in turn affiliated
with the national association. The
code of ethics of the national or
ganization is confined to following
the Golden Rule rigidly and the new
connection of the Perth Annoy
Board is expected to benefit botn
the profession and the buying puo-
lie at large because the local board
will be constantly advised in mod
ern methods of real estate proceed
ure. Through affiliation with the ma
tional organization unetbical con-
duct by dealers is prohibited and
square deal for the public IS assured.
Discussion of the legislation on
real estate brokerage also took place
Yesterday. The real estate league OF
this state was instrumental in nav
ing the license act passed. under
which it is mandatory for every
dealer in real estate to be regularly
licensed. Licenses may be revoked
for certain infractions OF the code.
Following the dinner last night
John ]. Quinn, of the Perth Annoy
Trust Company and chairman of the
local real estate board. and Charles
Steuerwald, of the Perth Amboy
firm bearing the same name, ana
chairman of the reception commit
tee, made addresses of welcome.
Mr.. Steuerwald then introduced sew
eral speakers who told the local men
of the work of the state. league ana
what has been accomplished by or
ganization in raising the ethics OF
the profession to high standard
These speakers included George
w. Morse, a vice president OF the
league, of Boonton: Frank III. Tay-
ior, of East Orange; n. p. Wedin,
executive secretary of the league;
and Charles c. Lurich, the treasur-
er, of Newark. About seventeen
local dealers were present at the
dinner. Members were enrolled and
committees appointed to get addi-
tional men lined up with the organ
ization. As the result of yesterdays
event the brokers' of Perth Amboy
were brought into closer touch with
the live state league and it is anti
cipated that the local board will be-
gin to function as a member of the
league within a short time.
<Continued on page 4)