Ethics Real Estate Brokerage 1924 Frank Ryan President Los Angeles Realty Board

8/14/2019 Ethics Real Estate Brokerage 1924 Frank Ryan President Los Angeles Realty Board

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322 ThPRealt ! Btue Boak nl Cali lomia

FRAN( IIIANI'rrsidcnt L. A. Ite(u1t Board, g21a2pAhdthh Carunificc on R.irisian aI bth).rtnationat lsso(iatio1l at Rcoh! B;a 3ueffi4,- - r_Q


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Tlrc RealtuBIueBookof Cttlifo?nia 323

Ethics anclPractice n Real Estate11rL)KerageBU FRANK RYAN

ReaI Estate q,Profession-Co-operation of Uni ersitiesand Coryeges-Etl cation The TnLe Basic Prh.ciple-Elim,hlet e " 3 n1 p P|acti ces."

ITH atl thai. has been said, and rvith all that has beeD done,durirg the prst fe{- yeals, for' the attenpted up-buildiDg, inpublic legnrd, of reil estate endeavor, t seems o me that thevery fundamental the actual foundation itself-ol any constructiveeffolt iD this directioll, has, lo a considerableextent, beerl overtooked,if not aimost entitely neglected.Many a siDcele and well-meanhg br.oker, whose daily avocationhas been in the plel'aililrg uecessaryactivities of the real estate busi-ness,-such a man *'ho treasures and holds high the designation of"Realtor" has given d lot of thought and much honestly directed ef-fort to the eDd th:1t his c]'ail nlight attain to that high standar.d sothat it rnight be legarded as a "Drofession."

CO.OPERA'IION OF UNIVERSITIES AND COLLIIGESBcauseol lhese conscientious rnd commeldable effor.ts.sreat ad-v r n c F s n v a p p r r , a d e l h c u I i v p l s i l ; p s n d c o l l " g p s f r h i J c o u l l , r yto\r'ard giving i)r theil curdculums pr.oper place to what is nowknown as "re:rl estate education." It is lvell that this is so. and noth-rng but a great deal of good can cone from any activity in thisHowever-, ue|e this educatioDal program increased a hundredfold, and wele the bst qualifiedaDdcapably equipped ecturels to givetheir time to the pi_oper npartation of real estate knowleds. ther.eqoLrld.n m) op'nion.Lrp o Fprm^np',1 evelopmenl ptoic.sionward"until and unless trernendousstress wer.eplaced upon :rnd given to thequestion of ethjcal plocedule. The Dr.opelliDgor-ce-the compellingobligation of all those callings we are pleased o tetm ,.plofssions",has beeD the lolty heed and thorough concern given by their adher-ents to ethical comDliance.Considdng fot a momelt the attomel/s profession, lve concealethat the overwheiming najolity of its followers are made up of that

ralrLrcof hu'nrrr to rvhom hp rroral mor:\p and staDdmakelheir atrpeal, irst, last and allvays, The pressureand weight accordedagaini{unethical and unseemly egat practice by the var,ioirsBar Associalions,from thp Nalional Orga, 'rzat iurdown to prer] loc^l group, has, rome. been one of the signs of the time por.tending a great fllturt hope


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324 The Realtlt EIue Eo,,k ol Cattlorn&.Jor thc youth of our land. Can ].ou imagineany greajer lerm ofobloquyctrrectedoward an individua) han tlal of.shysler lavrypr?'Hp bcomps 1oncea rhing lo be scrupulouslt" t unneduna carelut i tavordpd. And all becauseof his condu(l and character, he hai9l.oppe.drom_tlegivenhigh estale hal wrs his when heentpredupoDnrs.cal lrng. rhe physi. jan, too, placeshis graater emphasison thetash,onand manr,er n wbich hjs efforr is carr ied fo h. His jpalousregald thal his-br.oth?r m(l i t ioner's. as rcl l as his orr, , re.ord bekepl. l l .eean.l clear of qupsiionablemethodmakpsngajn the basis onwhich he feels he must buitd_

.And so o^n.. lhroughouthp loday rpcogrizpdprofcssions, hereexrsts.n|st ol at l . the just i f iable mol.al requirpmenl hal i l-eir mpm_he"s must cle^\e surply snd forceful l) to tne morrl d.mai d_ t fratrherr associa{ior rd af i l ia i ion nusi bF kppt . lean and musl bp keptfree from any taint o]' implication of wrons.DDUCATION THE TRTJEBASIC PRINCIPLE

Hence, can we do less-mlrst we believe it possible to ilo less_than to nergetically put folth our united urge t; the end that in realestate practice there must be a basic rgald for the ethical side? Inthe above refered -to university realty iducationai program, and inour own.off irpsand.orgarizal ior . t \p rery biggesr hing we can aoIolvard opnnrletypotnltngour' wa} up {o ,hal I imited clusferknownas the prolpssions is io inslsl rhrt ,he elhi(al and moral essenlialsof our business relations be mt by ourseh,es,by ouf mployeesandlDy our assoctates.DLIMINATN ..ST'ARP" PRACTICES

Let us not delude ourselvesat all. Let us not be aleaf o opinionsthat exisi. High-sounding t^raseq.p ing eachothcI how nobt; is our.arlrng.vej"bal r ls on the back do nol onc single hinp, orvard aisingpubuc estcpm. Make.our ratt ing worth somnihins. bend every poslsrore pnergy 1o makrng rl mor( dif f icult to pnrer in{o our work,-lrpdge bou'us as{et.as nossible.pgislat iolr nd requir, .mentsor iheo p g . n n e r .An d a d m o r s h h i m e m p h a i i c a l h h a t r h e . . c u t r i n s o f!91"1..1 11u."t ,r t . cunr, ingpracl. ice..s.fro!vnpd upon and acrial lycAnn^texist In thp realtot.-s rAanizalton.' fhis is not idcal is l i . thpor.y. or is i t any abstrarl speculal ion. tls an ir. fpnsply ra. l i .al view ot $hal musr be donp f wp are to r isefrom,Lhponly too often toundqupstionsble osit ion n rhich we finJourselvesn publrc .egard,Flankly. I an no great tnoFalexamnlp.and m] humar, fai l ;ngsarc many.but mt pprsonrl and urgent rpcson nr a great and impell_rng rnreresl n thjs subjeci s because . ' tm irpd of lhe f fngprof sus_plcronand queslionbping Dointed o of{en at our.cr.aft . I t rn j i red o{at lempiing bec:ru"e f thp $o|k of somesmoothand .rc^ked fel lo\v.an axplanct ion f oul iderlqand aspirat ion


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The RetLltltRlrueBoolcat CalilorniaAnd what, after all, is the ansrver to all of our-questionings-toall of our pleas,for ethica"iobser.vance?Simply this: that nine-tenths*ninety per centr-of all ethical standards are bound up, closely, ully

and relenUessly n just oae thing common,simple, everyday horesttof purpose, of motive and of act.A complete revision of the National Code of trlthics lvas com-pleted by our-co nittee and presented at the nid-Ninter meetins atA u g u s t r , C F u r g i n . r J a r r u a , . 1 . 9 . . i r . h c f a i r r . a s r . r r r : n o i r s t rrecommended hat it be submitted for.adoption at the seventeerthannual convention o{ the Natio rl Association of Real Estate BoAralsa ' W a . h i r S j n r .D . C . A n d n o \ r . p t U sc l p r ) o , F h o l d h e r ' d r r , i a sto the leason:1ble,health{ul clauscs iDcorporated in the reljscd codeof ethics adopted, ar)d insist absolutely ard al$-l\.s that thcy are rots { p F l F n d h o n p } p d F . o \ c o r ' r h " p d r f i p dr ' . n d i r , r i l hF p r r b t i c , u 1that thej.corstitute th bore and si ew-the ljftblood ol the reat-


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Ethics Real Estate Brokerage 1924 Frank Ryan President Los Angeles Realty Board