Evening star., 1934-04-14
REAL ESTATE CODE
EFFECTIVE SOON
New Regulation Will Be Far
Reaching in Washington
Offices.
(continued Prom First Page.)

must also comply with the require
ments of such laws.
mo member of the industry shall
use any trade name or insignia of
membership in any organization of
this industry unless entitled to use 1t.
mo member Of the industry shall
accept, give, or charge any undis-
closed commission, rebate, or direct
profit on expenditures made for a
principal.
mo member of the industry shall
seek prospects or purchasers for real
property by offering so-called free
lots or through lotteries.
mo member Of the industry shall
act in the dual capacity of broker
and undisclosed principal in any
transaction.
mo member of the industry shall
make any specific guarantee as to
property or authorize any one so to
do
mo member of the industry shall
place a sign on any property offering
it for sale or rent without the written
consent of the owner or his author
lied agent.
Lease Cannot Be Broken.
"No member of the industry shall
induce any party to contract of
sale or lease to break such contract
for the purpose of substituting in lieu
thereof new contract with another
principal.
mo member of the industry shall
negotiate the sale, exchange or lease
of any real property directly with an
owner or lessor if he knows that such
owner or lessor has a written out
standing contract granting exclusive
agency in connection with such prop
erty with another member Of the in
duStry.
mo member of the industry shall
offer real property for sale or for
lease without the knowledge and con-
sent of the owner or his authorized
agent, or on any terms other than
those authorized by the owner or his
authorized agent.
mo member of the industry shall
Intentionally publish advertising
(whether printed, radio, display, or of
any other nature) which is mislead-
ing or inaccurate in any material
particular, or in any way misrepresent
any properties, terms, values, policies,
or services of the business conducted.
mo member OF the industry shall
knowingly withhold from or insert in
any statement OF account or invoice
any statement that makes it mac
curate in any material particular.
mo member of the industry shall
give, permit to be given, or indirectly
offer to give, anything of value for
the purpose Of influencing or reward
ing the action of any employe, agent
or representative of another in rela-
ton to the business of the employer
OF such employe, the principal of such
agent or the represented party, with
out the knowledge of such employer,
principal or party. This rule shall not
be construed to prohibit free and gen.
eral distribution of articles commonly
used for advertising except so far as
such articles are actually used for
commercial bribery as herein defined.
mo member of the industry shall
puDAoll VI CnCuldIc uuJuStlllcU OT uQ-
warranted threats of legal proceed
ingS which tend to or have the effect
of harassing competitors or intimi-
dating their customers.
mo member of the industry shall
accept employment of compensation
for appraising real property contingent
upon the reporting of predetermined
or specified valuation.
mo member of the industry shall
issue an appraisal report on real
property, in which the member has
any interest, unless such interest is
disclosed in the report.
mo member of the industry shall
issue an appraisal report on value of
land only or improvements only. with
out indorsing thereon a statement to
the effect that the valuation shall not
be added to any other valuation of i'm
provements only or land only, as the
case may be, in determining the value
OF both together unless there shall
be also a separate appraisal of the
whole property in which the valuation
of land and improvements are
reconciled."