Show REAL REALTY TV HEAD PRAISES NEW LICENSE LAW Highway Commission p Plans ans Expenditure of in 1932 With the real estate state license law now in operation in Utah the ethical standards of or the real estate business have reached a place in the thc professional professional world heretofore unknown J J. J Elmer Jacobsen of Provo president of the Utah State Realty association said in his address at the annual convention convention con con- Saturday at the Hotel Utah The one day convention opened at 10 a. a m. m with approximately realtors realtors real real- tors tons from all parts of the state at at- tending The afternoon session started at 2 p. p nl ro Benefits from the new license law which became effective January 1 are already noticeable Mr Jacobsen said The new law requires that all aU firms display their license cards making prospects more willing to negotiate negotiate negotiate ne ne- ne- ne deals and it also directs a greater percentage of ot business through h legitimate channels he said ANCHORS OF SAFETY Mr Jacobsen stated that the home and real estate are the anchors of safe security which the wind of ot depression depression depression de de- de- de and the storms of ot financial distress cannot sweep awa away He added that there was never a better time for the investor to bu buy homes and farms Discussing the proposed home loan discount bank Willard R. R Smith assistant assistant assistant as as- cashier of the Zions Zion's Savings Bank and Trust company said that it will relieve thousands of home Continued on Page Ten REAL REALTY TV HEAD PRAISES NEW LICENSE LAW Continued From Pate Page Set Seven en owners who are now in irs default on their mortgages or land lad contracts contract He le spoke at the afternoon session Mr Smith said that tat real estate represents rep resents about 65 per pel cent of the wealth of the United States Stales Real estate mortgages have always alway been among favored investments investment of conservatives both individual and corporate particularly trust and Insurance insurance In in- companies he declared They deserve the confidence of or the investor because generally speaking the they are subject to fewer business busine vicissitudes ARE STILL STIL SAFE Today Toda as in irs the past past real rel estate first mortgages have stood the ham hammering hammering han mering of oC hard times and offer ofer safe sound and ad profitable employment of surplus funds They Tey have emerged with a better beter re record ord as to principal and income than any other class of cass security he said D. D H H. Christensen local loel contractor in discussing The Construction Industry In Industry said that it takes second place among the industries of the nation na tion ton He added that more than 6 6 6 is spent annually for construction con con- He sari san there need be no argument about the construction Industry occupying occupying ping the strategic point In any attempt at tempt at forcing the movement toward toward to to- to ward business busine s recovery recover as this fast is granted by all nI economists leading nd men n in m business The Te volume of or contract ct awards award this and next month he declared furnishes the most reliable advance notice of what the general business busness index is i going to be six months to a from year ear fron now URGES CHANGE Secretary of State Milton H. H Welling Welling Well Well- Wel ing who was a morning speaker urged the realtors to change their v vocation into a profession He said t this his will wi require the application of p professional standards in I all al phases phase o of oC f their work The Utah highway commission will wi s spend pend about during 1932 In h highway work ork Mr Blood Bood said The money will wi be received from fron t the he following sources and in about t the he following amounts Federal aid gasoline tax tx s tate state road tax from fron counties countes EXPENSES OUTLINED The Te money will wi be spent about as follows f Federal aid road construe construe- t ion tion lon oiling state r road oad betterment highway maintenance special such suchs a as s disaster repair Other amounts will wi be spent on road sign sign- ing I ng et e cetera Mr Blood also called caled attention to t t the he need o of counties countes sending in the money which is due the highway de de de- de He explained that merely because the thc highway department had l loaned the state general fund a good part of is its working capital was no i indication that thit the department had any my a ny idle money noney Money loaned to t the he general fund has alread already been allocated and practically spent spent i |