Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-07-20
BOARD LOSES HOPE
FOR LICENSE BILL
At THIS SESSION
Needed Real Estate Check
Has to Wait Until Next
Converting.
CURRENT BOOM SEEN
STRESSING ITS VALUE
Outside Dealers Are Brought to
Capital-Investors to Be
Chief Gamers.
BY JAMES Y. NEWTON.

Their bill hopeleSsly pigeonholed by
q House District subcommittee, the
washington Real Estate Board has
despaired of having enacted at this
session of Congress me badly needed
legislation which wouIo regulate and
license real estate brokers and sales
men in the District
However. the board still has hopes
the bill will get through Congress dur
ang the next seSSian, which would
prevent the necessity OF reintroducing
it. For 10 years attempts have been
made to have the bill passed, and
each time it has been permitted to die
after being forced ID give right Of way
to more important" District matters.
Board officials point out that regu-
iation Is needed by the real estate
business here more during the cur
rent boom" than IT any time in
wears. Greatly increased activity both
in building and selling homes has
brought outside dealers by the score
to the Capital area. The proposed
law with its penalties for unscrupu-
lous practices would prove great pro-
lection at this time both to the in
vesting public as well as to honest
real estate brokers and statesmen.
More Important Since N. r. A.
Charles j. Rush, secretary OF the
board, said the enactment Of the
license bill Is even more important
since the folding up of the N. r, A.
codes. The code f1r brokers never
functioned as we'll As anticipated be-
cause it was used as somewhat of a
foot ball by the administration, but it
undoubtedly did some good, and Of
fered a measure OF protection against
unfair practices.
Rush has on his desk a very recent
case in Washington where real
estate investment firm attempted to
attract investors by advertisements
that obviously were too rose-colored,
such as offering a 100 per cent return
within a very short time. 1t is for
protection of the business against just
this type of unfair lure that the reg
ulatory legislation is so much desired
by the board.
I1C WdD PdooCu Wy JA4C AtCA41VC
last February shortly after it was in
troduced by Senator King, Democrat,
of Utah and Chairman of the Dis
trict Committee. In the House it was
Immediately referred to the District
Subcommittee on the Judiciary, OF
which Representative Palmisano of
Maryland is chairman. There it has
remained with numerous postpone
mentS of hearings. The bill has the
backing of the District Commission
ers, and because it has little or no
opposition it has been forced to give
way to controversial legislation. Un-
uuestionably 1t will remain in the
subcommittee for the remainder of
this session, and there is grave doubt
in some quarters as to whether 1t Will
be finally passed in the following
meeting of Congress.
Description of Bill.
The bill is described as one ito de-
fine, regulate and license real estate
brokers and real estate statesmen; to
create a Real Estate Commission in
the District of Columbia; to protect
the public against fraud In real estate
transactions and for other purposes"
Section l provides that on and
after 80 days from the date of enact
ment of this act it shall be unlawful
for any person, firm, partnership, CO.
partnership, association or corporation
Continued on Page 4, Column g.