Show Golden Rule Motivates Realtor As Guide in Dealing With Those Seeking Homes in Favored Utah Local u l Association Members Work With Fairness Former Recklessness in Business Eliminated by Organizations Organization's Organizations Organization's Organizations Organization's Organ Organ- Efforts i By A A. H PARSONS Secretary Salt Lake Real Estate Board dIscussing other phases of ot 1 I estate activity it may be props prop- prop s o 0 say a few things ab about t to realo Teal real o and ami the real estate profession e the organization of ot the Nanal Nanal Na- Na nal flat Association of ot Real Estate Boards 3 seventeen years ago a Q wonderful won won- d ul change ange h has Ms developed The In the theal Seal ial al 1 estate business The national as is made up o of some o opal local al boards representing every tate state in the union a and a number o of I Canadian c adlAn provinces and n has more Wn thAn 2 0 m members rs One ol ot the principal objects of ot the national as- as lactation Is 19 to elevate the business it on a a. professional plane and nd to make the word realtor a title of honor The he be basis of Its code of ot ethics Is Ise he be e golden olden rule Whatsoever ye e I would that men should do unto you doye oye also unto them While all tb thi objectives of ot t the tho association Have not been realized there can canie n beno ie no question that the business of buying and selling real estate for others is today on a Q much higher plane than it was Ras seventeen years ears ago ISO IMPRESSION CHANGES t is not so many years ago that e t public impression of ot a real es- es tiler tiZer so BO called was that someone Vho who ho had bad failed In every line of ot enor end ende en- en d de vor or bad had fallen faIlen into the real estale estate estile es- es tile tate business where he might opera oper- oper a I without capital without an of- of fl fire 6 e and frequently without any pr except b bring home the thell ll on While it is true that the thes kiss s of men referred to frequently did take up real estate it is also alsoe ue e that In all these years there liVe have e been many honorable successful men engaged in inthe the he real estate business valt all ali Lakers Takers whose experience cs os back to the days das of our first 1 l estate te boom here In In 1888 80 90 will recall many class high m fuji who were In the real estate siness c then Some of ot them are arel 11 l here and still in the business t an and have accumulated comfortable comfortable fortunes with honor A roster of ot the I leading business men In Salt Lake City today would Include a a. score I or more who are proud to claim the I title realtor ARE IN MINORITY It t is still sUIl true that there are I tome lame shady individuals in the thereal thereal thereal real estate business Men who have little scruple In putting over deals which may bo be to the disadvantage of cf one or both parties to the transaction transaction trans trans- action with the sole object of ot collecting col col- a commission This class however is a Q small minority but butone one orvo such euch may attract more public Attention than a half halt score o of honorable hon hon- rable realtors It must be taken into consideration tion too that not all of ot the public with whom realtors deal are strictly strict strict- ly y honorable As a matter of ot fact many men who In ordinary business transactions may be depended upon to o deal squarely do not hesitate If U the opportunity offers otters to beat a Q ar areal real r al estate agent out of ot an honestly earned tamed commission The experience of any established brokerage office 1 Bait Salt Lake City will show that many any commissions are aie lost through connivance of pt a Q buyer and seller w tho o may mav resort to all sorts of sub- sub J to save the pa payment of ot a ar r commission I believe it may fairly said that there Is no larger larser per per- cr- cr tage of unscrupulous real esa es estate esIe es- es tate a Ie e dealers than there thero Is of unscrupulous un- un scrupulous l real estate buyers and ands s lers The difference is that it has been b een en con considered rather clever to frame rams ame up a n. scheme by which the broker who brings two people tor to- to I r Rother is II thrown In the discard In Inin inthe 1 in the final stages of a transaction I LEGISLATIVE PLAN I eal sal estate te license laws have b been en adopted In ln l seventeen states and aM WIll De 00 Introduced l In I the 1925 19 ns of the legislatures In ir at east seven ven others The Tho objective of ot the state real estate license laws laW's Is to eliminate as far as possible the real estate shark and no doubt they have been successful inso Inso in inso so doing to a very great extent There are in Utah the Utah State Realty Association consisting o of organized Jo local al boards and Individual ual members from localities where there are re no locals Mr George J J. J Kelly of ot Ogden is la president The Th Ogden Real Estate Board has fifteen fifteen fifteen teen active members and Mr W. W J. J Blackburn is president The Provo Real Estate Board has seven members members mem mem- bers and Mr LeRoy Dixon is s president pres pres- ident The Salt SaIt Lake Real Estate Board of ot which Mr N N. L L. Herrick is president has three thirty active or or broker members Salesmen in tn offices of ot Board members are or organized organized organized or- or as the salesman's division of ot which Mr B D C. C Palmer is chairman chairman chairman chair chair- man more than 50 60 members are en en- rolled SATISFACTORY YEAR The real est estate te situation In Utah during the year 19 1924 4 has been quite The position of ot farm farmlands farmlands farmlands lands has improved greatly With Ith the farmers well ivell organized and the various mark marketing ting facilities facUlties afforded afford afford- ed by the Federation o of Farm Bureaus Bu Bu- Bu- Bu and the various corporations corpora corpora- now making a specialty of farm loans at reasonable Interest the tho skies sides are much brighter Even Evenin in Utah which has so many re resources resources resources re- re sources aside from agriculture the prosperous farmer Is Js an essential to success Ogden has experienced a successful successful successful success success- ful year and with the development of ot her canning and milling Industries industries industries indus Indus- tries in connection with many others others others oth oth- ers the outlook is bright indeed The development nt of the iron and steel industry at t Provo has stimulated stimulated stimulated business s in that busy and thriving city Logan the commercial commercial commercial commer commer- cial center of ot Cache Valley VaIle where the various industries of that lo locality locality locality lo- lo center has had a right good year Salt Lake City the commercial and financial center of the entire Intermountain region has no cause for complaint While there has been a laggard movement of ot real estate in the business district suburban suburban sub sub- urban activities have counter minter balanced balanced balanced bal bal- that Down t town the magnificent magnificent mag mag- Continental Bank Bani building has been completed and occupied Swift S progress has been made in the Ezra Thompson clock block which will willbe willbe willbe be ready for occupancy in the earl early spring Space in new office buildIngs buildings buildings build build- ings it is readily absorbed Desirable vacant stores find ready tenants Apartment houses are well filled and there are comparatively few vacant housea houses To write anything about Salt Lake real estate that is not commonplace com- com is a a. difficult task Th The Theold Theold old saying that honesty Is the 1 best policy while trite is no less true now than the first time it was said and it is just as good a I guide to success toda today as a thousand thousand thousand and years ago s Sd there are some Bome things about Salt Lake leal real estate that may be repeated endlessly to our benefit GREAT INVESTMENT It is a simple thing to sa say that new homes have been built In Inthis inthis this city In the past five years rears but this day of ot extravagance and Inflation Inflation inflation tion when we think In millions It makes little impression When hen we say that these structures with the theland theland theland land on which the they stand the furniture furniture furniture furni furni- ture and fixtures that are installed therein and the automobiles which are a ne necessary essary adjunct the adjunct the completed completed completed com com- home homes represent an Investment investment investment Invest invest- I ment of more more mor than twenty millions of ot dollars it makes a lasting Impression impression impression im Im- im- im on Rome some old timers who can remember when the first millionaire mil mil- millionaire in America was as heralded as asa asa asa a miracle le man This is more than the tho total assesse assessed l value of all the property in each of ot the twentythree twentythree twentythree twenty- twenty three of ot the counties in Utah and more than th the c c combined total of the ass assessed value of all the property It tI Is than In eight counties more th the total assessed value o of all the property in wealthy and prosperous Davis county Thirty-five Thirty hundred is short and easily said but let us visualize e a a. scene That number of 01 houses placed on foot 60 lots would line Une both sides of ot all the streets between between be be- e- e tween Third avenue and Ninth South from Third East to Thirteenth Thirteenth Thirteenth Thir Thir- East street and with the apartment houses built in the same five years ears would house comfortably comfortably comfortably comfort comfort- ably a population of ot more than 20 a a fair sized city SECTION DEVELOPED Recent building developments in inthe inthe inthe the city have been principally to the south and southeast Several hundred cottages of ot medium price have been built In the are area between West Vest Temple and Third East from ninth South to Twenty-first Twenty South I Most of them to sell under I and many under Moving I east to Ninth Last East extending from Ninth South street and in including including In- In InI I the Forest Dale and Highland Highland High High- land Park localities are other groups of ot cottages usually of ot a I better type priced front from to From Ninth East to Fifteenth Fifteenth Fit Fit- Fiti i East the tho new construction generally is of ot still more expensive I character usually selling at figures figures figures fig fig- ures above values alues increasing I with the elevation Practically all of ot the homes in I these three districts have been sold with a cash payment of ot about 10 I per cent and monthly Installments of one ona per cent The lower priced homes are usually of ot the bungalow I I type and those running Into more mone money either bungalows bungalow or of ot coloMal colonial col col- I onial oMal style The mote more expensive building has naturally gone to the I northeast to a great extent to Federal Federal Federal Fed Fed- I I eral Heights and on Bonneville-on- the the-Hmo Here are scores of new homes usually of ot colonial architecture architecture architecture ture set in in spacious grounds ranging rang ran ranging ing In value yalu from up There is ample room in that corner of ot the city for several hundred more of ot the same cl class ss of ot homes COSTS ARE LOWER A very pleasant satisfactory feature feature feature fea fea- ture of ot home building in n Salt Lake Lalee City is the fact tact that costs here are materially lower than in any city in the United States either east west north or south In other othel cities df our class similar types of ot houses are sold from 25 per cent I to 40 per cent higher than here while in larger cities where land values are much higher the comparison comparison comparison com com- parison is still greater in our our lavor favor Bungalows have sold here from to which in the average city would command from to Further development on any large laree scale will probably extend from East street to the Wasatch foothills foothills foothills foot foot- hills between the military reservation reservation reservation reserva reserva- tion and Parleys Parley's creek now graced graces by the wonderful Country club This area comprises roughly 2000 acres and will accommodate 2000 homes on generous sites so that we n need not fear crowding in the a immediate ate future This is ideal residential n territory It has elevation is free from smoke and fog is swept by delightful summer breezes all public public pub pub- lic tic utilities are re available vait i a and the autom automobile brings bring a it as asi near the business district in point of time as asCot University Bench Dench was twenty the he years ago Mill MUl Creek and nd the Cottonwoods Cottonwoods Cot- Cot will compete with this southeast bench for t supremacy They have the present advantage of street car service and surfaced hard roads but t lack the elevation which In every city city Is ls ls an essential fa faCtor falter fal faC- tor ter in determining the direction of growth CLIMATE HEALTHFUL It is quite true that Salt Lake City does no not have da days s 's of ot sunshine sunshine sunshine sun- sun shine every evely year ear It is also true true I that while the average temperature for tor the year is medium we have some right snappy cold weather and we have some hot summer days I Ai Are o we however losers b by reason of ot this this' I Take Talce a aa a. a glance at Europe and ana compare Great Britain Belgium and Denmark with Spain Portugal and I Italy The Tho first three are lands of ot fog and and and cold old winters winters with Icy blasts and h hot with I heavy rainfalls The rhe last three are arc lands of ot perpetual sunshine nh j ener-j summers an and mild wInters but there is no comparison as to their achievements e s and their re respective respective respective re- re places In history An equally forcible illustration lies nearer home New England with its Ils storm swept coasts Its rockY and barren harren s sil il with six months of severe winter t was settled at about the same samp time that I the South Atlantic states were eje Florida with its perpetual sunshine warm breezes from the gulf guIt on one n side and the Atlantic on the other Its fertile soil and all the delights of f tropical semi-tropical climate is in sharp cs The The wealth of America is centered in New England and the sturdy men of ot that section have shaped the destinies of this republic I lic for a hundred years With these examples in d we wo may rejoice that we have real winters winters winters win win- whose occasional zero weather er develops energy and virility that our springs have beauty that our summers with their sunshine and heat are productive productive productive tive of plentiful harvests har and that our glorious autumns are Ite beyond compare e. e We Ve all can Join in the chorus of the official Son song of the State Realty Real Real- ty association Utah Utah is a fair land Utah is t brave bra land Utah Utah Is my homeland The land I love lo the best Fish running up the Siberian lan rivers to the Altai Altal mountains each spring swim In such close packed ranks that It is impossible to row rowl I amidst them |