The Washington times., 1929-03-30
rs STATES NOW
! HAVE LICENSE
| LAWS

Real estate license laws are, now
D effect in % States and others are
apidly falling into line, according
% the National Association of Real
Estate Boards. A proposed bill for
4icensing real estate brokers in
oWAs has passed the State senate
by . large majority, and with COM
knittee accommodations for passage,
u now before the house.
In the event the Iowa bill Is
Enacted. one half of the United
states will require licenses for real
Astate brokers. Arkansas recently
Became the twenty-third State.
A bill to require license for real
estate brokers in Pennsylvania was
recently introduced into the Senate
and is now before the judiciary
committee of that body. 1t is large
ly through the efforts of the Penn.
ssylvania Real Estate Association
that the measure was introduced
In that State. Nathan William Nc
Ghesney, general counsel for the ma
tional association, appeared before
the judiciary committee to urge the
passage of the bill. .,.
Activity In n. j.
New Jersey realtors are seeking
amendments to strengthen the pro-
visions of their State license law.
The proposed amendments make the
following changes in the definitions
OF the term real estate broker" and
sreal estate salesmen:'
ANY person. firm or corporation
engaged in the sale, or offer for
sale, of lands as land developer, or
the sale Of lands as building lots, or
interest in any such lands Is defined
10 be a real estate broker-and the
agents and employees of any such
person, firm or corporation. engaged
as aforesaid, are declared to be real
estate statesmen"
Amendments to the Utah license
law were passed by the State legis.
1ature at its latest session and now
await Governor Dern's signature be-
fore going into effect.
In New York a license law re-
&tricted to cities and to counties ad'
joining cities having a population OF
100000 or more was enacted in
1922. It has been extended so that
1t now applies to all cities or counties
having a population of over 10000
counties. The actual working of the
law now moves the New York COM
missioner to recommend the extern
sion of the law to cover the entire
territory of the State.
- Revocation of the license Of dis
. honest real estate agents drives
them out of business in the larger
cities but does not preclude them
from carrying on fraudulent prac-
tices In country sections.
Fleece Farmers
Commissioner MacNulty points out
q series of cases now being heard
before the commission. "These cases
disclose the existence of an organized
ring in the smaller cities of New
York, which has made regular bust
ness of swindling thrifty but ignor-
ant farmers by persuading them to
exchange their farms, including live
stock, crops, and implements, for
tenement property" the commits
i Rioner declares. "A month or two
after the transaction is concluded
and the farmer has paid his broker
q substantial commission for neso.
tiating the exchange, the victim as
pertains that his newly acquired town
property is completely plastered
with mortgages and his tenants,
who are usually tools of the ring,
move out or refuse to pay tine rent.
In the meantime his farm has been
r. stripped of all personal property.
which has been sold and the proceeds
pocketed by the ring The 'des.
poiled farmer usually asks for and
gets a 'trade-back' on the basis OF
regaining possession of his bare farm;
, he must charge up to experience the
loss of his livestock. crops, and inn
plements and the commission he has
paid his faithless real estate broker,
= which usually aggregates at least
$4,000, and sometimes goes as high
as $1,000"
A meeting Of State officials
charged with the administration Of
real estate license laws will be held
in Boston during the week of June
rs to %, in connection with the
annual convention of the National
Association Of Real Estate Boards.
~HAHR-rH mn