Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-02-05
WTIITEFORD FAVORS GREATER
DISTRICT REALTY REGULATION
Board Counsel Urges Law Compelling
Licenses for All Statesmen and
Brokers as Protection.

piled for lawyers. doctors and other
professional men who enter into conf
Dental relations with the public
Referring to the license bill intro
duced in the District. the speaker
pointed out it was a model license law.
similar to that in the States, but APP
piled to conditions in the National
Capital He then took up the defini-
ton of a number of technical terms
and explained that in the bin the term
broker means any one who sells or of
ferS to sell or rent. or offers to rent
real estate and that a loan broker is
not included. as the loan broker is gov
erned in most States by blue sky
laws Most States do not regard loan
offices or mortgage houses as real es-
tate brokers. @
Expense Paid by Fees.
He further explained that broker
includes one who acts on behalf of an
other in the real estate business, not
including, however, the man who sells
only his own property. Mr.. White
ford said that If a person sells enough
of his own property to make him en-
ploy a salesman, that salesman must
have a license.
The lecturer stated that the bill con-,
templates a commission for the exc
cution of the act, and that such a
commission usually IS composed of five
men. The expenses of the commission
are paid by fees charged brokers for
their license, ranging according to the
amount suggested by various localities,
but sufficient to permit all those who
desire to practice.
A man is entitled to license on the
following general qualifications, he
said: "a Good reputation for honesty
and truthfulness, integrity. (2) Proper
qualifications to adequately transact
real estate business. go Ability to
give proper service to clients.
Mr.. Whiteford- explained that if the
commission refuses license the appli-
cant is entitled to an appeal from the
commission to the courts, which, of
course, have the right to review the
action of the commission. A salesman
licensed under the. bill to do business
with a particular office cannot change
unless given a license. This proposed
law would insure the abolition of the
ne'er-do-well salesman.
Could Revoke Licenses.
Licenses could be revoked for mis-
representation of fact as to material
matters in regard to transactions or
acting on false promises made to in
duce persons to become party to a
transaction; acting for more than one
party in a transactions; accepting COM
missions from any one but his employ
er; failure to account for funds pay
ing commission for violation of these
regulations.
Any one who has his license revoked
is entitled to appeal to the courts to
review this revocation. and brokers are
required to give bond to protect per-
sons with whom they DEAL The lee
turer said the law would allow every
person desiring to enter real estate
business an opportunity to do so. pro-
viding he shows proper character and
ability and a willingness to protect the
interests of his clients
The law, he explained. would be OF
great benefit not only to the general
public, the brokers and the statesmen,
but would also so stabilize real estate
business as to bring about more con-
fidence in it and assure a greater
measure of business through such in
creased confidence