The Washington times., 1923-11-03
Ne v MEMBERS
SOUGHT BY
RE. BOARD
Circular on Advantages to
Members to Promote Drive
for Membership.

In connection with short cam
paign for new members the Wash
fngton Real Estate Board, through
its membership committee has issued
circular outlining the advantages
offered the real estate brokers who
are affiliated with the realtors or
ganization. This circular, accord
ing to Mr.. Jesse H. Hedges, chair
man Of the membership committee.
explains the work of the board
and shows how the members ben
eft through the cooperative prin-
ciples underlying the organization's
activities. Among the more impor-
tant advantages enumerated in the
circular are those that pertain to
the active cooperation of members.
It shows that through increased
acquaintance between brokers and
the development Of mutual cooper
alton, the exchange OF hstings Is
Increased with q corresponding In
crease Of joint realty transactions.
The code Of recognized standard
ethical practices adopted By the
board provides q basis Of operation
that insures fair dealing to the
public and q maximum of co-opera-
ton between brokers. Coupled with
this is the use Of standard con-
tracts and forms and definite
schedule Of charges which produce
4 uniform basis OF competition and
make for more effective concentra-
ton OF work.
Entities Use Of ReaItor.
work that is constantly being car
ried on by the board, membership |
IN the local board entities broker |
to the use Of the term "Realtor,
IN connection with his business and |
gives him membership in the Ma !
tional Association Of Real Estate |
Boards. which is conducting in a |
national way q wide program or |
DEVELOPMENT in the real estate |
field. AS part Of its educational |
program. the local board maintains |
n library of all standard works |
on real estate principles, practice |
and law, and has a complete Tile |
Of all current real estate publica- |
lions, which is available to mem
bers for research work in special
fred subjects. One OF the most
important practical benefits de-
scribed in this circular is the arbi-
tration machinery provided by the
board This offers TO the members
an opportunity Of adjusting misun-
derstandings that may arise in ac-
tuaI practice. A special committee,
known as the arbitration committee,
hears all matters OF disputes and
decides them on the broad prin-
cfpIes of honesty AMI fair dealing
and in this way prevents needless
delays, legal entanglements and
personal grievances.
Other Advantages.
Through a cooperative arrange
nent with the National Association.
members Of the local board have
the advantage Of making connec-
tons with realtors OF other cities
and in this way transactions with
out-of-town clients and deals inVolv-
ing properties in other cities are
contaminated through the insfru.
mentality Of board members in other
cities, thus obvfating the necessity
Of travel with its expense and, loss
OF time.
A recent reorganization Of the Ma
tfonal Association in divisional
groups offers the local realtor an
opportunity Of obtaining the best
information and services in con-
nection with specialized subjects in
which he may be interested. Under
this arrangement divisions repre-
senting different branches of the
real estate field were created
These units pursue intense re-
search and investigation on a broad
national scale covering such sub
1ects as mortgage financing, build
Ing operations, subdivision planning,
appraisals and property manage
ment, etc.
At q recent meeting Of the mem
bership committee, the plans for
the coming drive were perfected.