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Real Estate Business Self-Taught | by W. A. Carney



The object of these lessons is to give the student or reader a practical knowledge of real estate and of the real estate business. The student who will devote a definite portion of each working day to the study of the subject will make the most satisfactory progress. The student should exercise to the fullest extent the qualities of industry and perseverance; he should concentrate his mind on the subject and keep it there; he should study a few pages at a time and not skip from one portion of the lessons to another.

TitleReal Estate Business Self-Taught
AuthorW. A. Carney
PublisherW. A. Carney
Year1906
Copyright1906, W. A. Carney
AmazonReal estate business self-taught

A Handbook containing Lessons to be used in connection with the book entitled "How to Buy and Sell Real Estate at a Profit"

By

W. A. Carney

Author of "How to Buy and Sell Real Estate at a Profit," and "New Secretary's Manual"

Real Estate Business Self Taught
-Suggestions To The Student
The object of these lessons is to give the student or reader a practical knowledge of real estate and of the real estate business. The student who will devote a definite portion of each working day to...
-Lesson I. Largely Introductory
Section 200. An ancient king who was at the pinnacle of his power and greatness, and who thought he might have ready access to anything he should desire, inquired of a venerable sage in his kingdom ho...
-Lesson II. Of Real Estate In General
See. 210. Let reader or student now study pages 5 to 10 of the Text Book, viz.: How to Buy and Sell Real Estate at a Profit, which, in these Lessons, is referred to as Vol. II or as Text Book. T...
-Lesson III. Of Location And Equipment Of Office
See. 211. A real estate broker should, if possible, locate on the ground floor, where people can walk in without effort, and where he can place his signs in the window or on the outside to attract att...
-Lesson III. Of Location And Equipment Of Office. Continued
Sec. 219. A broker should have a large map, having the outline of the world on one side and of the United States on the other, hanging on the wall; also a large wall map of his own State and of his co...
-Lesson IV. Of Securing Appointment And Acting As Notary Public
(See also Text Book, or Part Two, Page 51, Sec. 88.) Sec. 2.27. In many cases a real estate broker will find it advantageous to secure an appointment as notary public, as the revenue from that source...
-Lesson V. Listing And Advertising
Section 240. As soon as a real estate broker has opened his office he should let the public know that he is ready for business. Prior thereto he should have listed considerable property so as to be pr...
-Lesson V. Listing And Advertising. Continued
Sec. 249. The following relates to the size of the type, measurement of advertising space, and classification of the advertisements: (a) All type is made on the point system. This is an arbitrary sys...
-Farm Wanted
Will pay fair price for good sized farm in good section, soil must be first class. Will take large or small place if it suits. Will bargain for machinery and stock. Give description and lowest price. ...
-Schedule Of Commissions. On Real Estate Sales
(a) Country Property: On all property situated outside the city limits of the city of Los Angeles 5 per cent on the purchase price. (b) City Property: On all property located within the city limits...
-On Real Estate Exchanges
2 1/2 per cent on the estimated value of the property [contributed by each party to be] exchanged, to be paid by each party to the exchange. ...
-Rental Charges
(a) For renting unfurnished houses, stores, and other unfurnished property, except as herein specifically mentioned, from month to month, 10 per cent of the first month's rent. (b) For renting furnis...
-Collection Of Rents And General Management Of Property
On business property, 2 1/2 per cent of rents collected. On other classes of property, 5 per cent of rents collected. Care when vacant: Unfurnished houses, $1 a month. Unfurnished flats, 50 cents a m...
-Lesson VI. Of Selling And Exchanging
Section 256. A real estate broker should always keep in mind the fact that he must be pre-eminently a salesman. Commercial travelers and salesmen in other lines take kindly to real estate salesmanship...
-Lesson VI. Of Selling And Exchanging. Part 2
Sec. 262. If the agent should at any time have in his possession funds belonging to his principal, he should be careful to keep such funds separate from his own funds, as, if the two could not be dist...
-Lesson VI. Of Selling And Exchanging. Part 3
Sec. 267. Real estate brokers are sometimes subjected to annoyance and not infrequently to loss of commissions by reason of inquiries being made about properties by bargain-hunting purchasers or emiss...
-Lesson VII. Of Options, Contracts And Conveyances
In this connection study first, Sees. 61 to 79 inclusive, 80 to 92 inclusive, and 126, and 129 to 133 inclusive, of the Text Book. Section 276. Whenever a broker is called upon to formulate an opti...
-Lesson VII. Of Options, Contracts And Conveyances. Part 2
Sec. 282. In case an executor, administrator or guardian enter into an agreement for the investment of the funds belonging to an estate, or to a ward, the agreement should also be made subject to the ...
-Lesson VII. Of Options, Contracts And Conveyances. Part 3
Sec. 289. For a receipt for deposit paid by the purchaser on account of land sold him, use Form No. 2 or Form No. 3, page 37, Text Book; for a sale made by the agent, in behalf of the owner, use Form ...
-Lesson VII. Of Options, Contracts And Conveyances. Part 4
Sec. 297. Synopsis or outline for a ground-rent lease: 1. Date, names and residences of parties, lessor, or party of the first part, lessee, or party of the second part. 2. Witnesseth, that, lessor,...
-Lesson IX. Of Renting And Insuring
In this connection study Section 127, pages 134 and 135, of the Text Book. Section 297. RENTING. All persons who are qualified to hold real estate and who labor under no disability, may make a lease....
-Lesson X. Of Subdividing
Sec. 311. In this connection study Sections 134 to 139 of Text Book, together with Forms Nos. 87, 88 and 167. Sec. 312. In addition to the three modes of placing subdivisions on the market, as mentio...
-Lesson XI. Of Building And Wrecking
Section 320. In this connection, study Sections 124 and 125 of Text Book, pages 115 to 132. Sec. 321. The real estate broker should make the erection of buildings a study, so as to familiarize himsel...
-Lesson XII. Of Speculating And Syndicating
In this connection, study first How and Where to Buy, Secs. 35 to 60, inclusive, pages 15 to 30, inclusive, of Text Book. Also Booms and Panics, Secs. 158 to 163, inclusive, pages 202 to 208 of Te...
-Lesson XII. Of Speculating And Syndicating. Continued
Sec. 333. To buy when prices are low, and to sell when prices are high, is most consistent with reason; but the temptation is to speculate in high prices with the expectation of their rising still hig...
-Lesson XIII. Of Loans, Mortgages And Taxes
Section 346. Study, first, Section 93 to 108, inclusive, and accompanying forms, pages 75 to 95, inclusive, of Text Book; also Section 123, pages 102 to 105, inclusive. Sec. 347. Loans are of two kin...
-Lesson XV. Of Incorporating And Promoting
Sec. 360. A corporation is an artificial person created by a number of natural persons complying with the laws of some State or Territory in respect to incorporation. A corporation organized by person...
-Lesson XV. Of Incorporating And Promoting. Continued
Sec. 364. A deed of trust must provide for the various contingencies that may arise while the trust continues, and is of necessity a lengthy instrument. It is customary to print the deed of trust, and...
-Lesson XVI. Of Bookkeeping For The Real Estate Office
Sec. 370. Bookkeeping in a small business is ordinarily not well conducted, for two reasons: First, the proprietor does not understand the principles of double-entry sufficiently well to put them into...
-Form No. 100 - Application To Governor For Appointment As Notary Public
Hon. George C. Pardee, Governor of the State of California, Sacramento, Cal. Sir: I hereby make application for appointment as Notary Public in and for the County of Los Angeles, State of California...
-Form No. 101 - Letter To Customers Upon Opening Office
Dear Sir: I beg leave to advise you that I have recently opened a real estate office at No. 23 Mercantile Place, this city. Inasmuch as I have just completed a course in Real Estate, and have secured ...
-Form No. 102 - Annual Letter To Customers
FEDERAL REALTY CO... Real Estate and Insurance, Stocks and Bonds. Los Angeles, Cal., January 2, 1906. Geo. M. Jones, Esq., Los Angeles, Cal. Dear Sir: This personal letter is intended to touch upo...
-Form No. 103 - Letter To Brokers, Offering Property
W. A. Carney, Geo. M. SoRelle, 433 Stimson Bldg. Dealers in 1006 Union Trust Bldg. Home 434 INDUSTRIAL SITES. Home 1819 Main 4054. Main 8727 Los Angeles, Cal., May 16, 1906. Dear Sir: We would re...
-Form No. 104 - Letter Enclosing Listing Blanks
Dear Sir: I enclose you several blanks herewith. Kindly fill out and return to me the blank or blanks suited to your case, and I will endeavor to sell or exchange your property for you. Give me your b...
-Form No. 105 - Sale Blank
Dear Sir: I have for sale or exchange the following described property: (State all particulars and description above.) Situate in County, ..........State........... My price is........ My terms are....
-Form No. 106 - New Location Blank
Dear Sir: We are desirous of changing our location, and would like to hear from you as to a new location for our plant. We employ... people. The average pay of each is $...... per week. Our pay-roll i...
-Form No. 107 - Information Blank
Dear Sir: I have .... acres or ... lots in or near the town of..... County of......State of...... Population......Railroads..........Chief industries........Town is growing.......New houses built last...
-Form 108 - Suggestions As To Bond Circular
BARNUM, MERRILL & LAMB, Suite 534 Mason Building, Los Angeles, California. Dealers in Municipal, Railroad, Corporation Bonds. WESTERN CORRESPONDENTS, LAWRENCE BARNUM & CO. Philadelphia. New York. ...
-Form No. 109 - Agreement For Sale Of Laundry Route
This Agreement, made in duplicate this 12th day of February, 1906, by and between George W. Brown, the first party, and Amos Judd, the second party,, each of said parties being a resident of the City ...
-Form No. 110 - Agreement Of Exchange - Land For Lodging House
This Agreement, made in duplicate, this 12th day of January, 1906, between John W. Ives, the first party, and Mrs. Mary Davis, the second party, each of said parties being a resident of the County of ...
-Form No. 111 - Agreement To Exchange Land For Shares Of Stock
This Agreement, made in duplicate, this 22d of April, 1906, between Frank N. Wilson, the party of the first part, and B. G. Milliken, party of the second part, each of said parties residing at Los Ang...
-Form No. 112 - Option And Agreement
Know all men by these presents, That......of the County of Los Angeles, State of California, the owner, in consideration of the sum of ......dollars, gold coin, to ...... in hand paid, the receipt wh...
-Form No. 113
Los Angeles, Cal., April 25, 1906. George Brown, Esq., Agent, Los Angeles, Cal. Dear Sir: Whereas, I have heretofore paid you the sum of $500.00 to apply on the purchase of (here describe premises) a...
-Form No. 114
Los Angeles, Cal., April 25, 1906. A. K. Jones, Esq., Los Angeles, Cal., Dear Sir: I hand you hereto attached, a copy of notice of a demand served on me by Mr. Peter Smith, with whom I made a contrac...
-Form No. 115
Los Angeles, Cal., April 26, 1906. Peter Smith, Esq., Los Angeles, Cal. Dear Sir: Referring to lots (here describe premises) which I sold you, and in respect to which you demanded that the deposit pa...
-Form No. 116
Los Angeles, Cal., April 26, 1906. To Union Title Co., City. Gentlemen: I hand you herewith, in connection with Escrow No. 50,127, my check for $500, being the amount advanced by Mr. Peter Smith, as ...
-Form No. 117
Los Angeles, Cal., May 3, 1906. Peter Smith, Esq., Los Angeles, Cal. Dear Sir: In the matter of the sale to you of lots (here describe premises) Mr. A. K. Jones advises me that he has arranged with ...
-Form No. 118 - General Listing Card, With Space For Description, And Commission Contract, Both On One Side
CARNEY REALTY CO. Name...... Address...... Lot......Block...... Tract...... Location of property..... Size of lot...x... To......Alley .........Cement Walks...... Rooms...... Bath......Toilet...... ...
-Form No. 119 - Business Property Card. Particulars On One Side. See Next Form For Contract
No....... Street. Size......Side Between......and......Streets. Improvements......Incumbrance $.....Due.....Interest.......%..... Leased for......Years. Expires...... Price $...... Terms ........ C...
-Form No. 120 - Contract On Back Of Foregoing Card
Los Angeles, Cal.,........ 190 I hereby authorize Federal Realty Co. to sell the hereon described property upon the terms stated, until I notify them otherwise in writing. I also agree to pay said F...
-Form 121 - Business Chance Card
Card No...... Business...... Street and No...... Name...... Rent...... Lease...... Value of Stock...... No. of Rooms...... Condition...... Income...... Expense...... Amount of Help...... Are double...
-Form No. 122 - List Of Property To Be Furnished Inquirers
DUPLICATE LIST OF PROPERTY FURNISHED BY SMITH & JONES, Real Estate Brokers To the undersigned inquirer. Los Angeles, Cal.........190 - The above list of property having been furnished me by Smith...
-Form No. 123 - Blank For Furnishing List Of Houses For Rent
HOUSES FOR RENT - BY - WRIGHT & CALLENDER MANAGERS OF RENTAL PROPERTY Wright & Callender Building. Telephones: Sunset, Main 808; Home, Private Ex., 7 Los Angeles, Cal. Some of the choicest...
-Form No. 124 - Tenant's Application. Wright & Callender, Rental Department
TENANT's APPLICATION. Los Angeles, Cal........190....... Messrs. Wright & Callender: I hereby make application for the rental of premises described below, upon the following terms, and warrant all ...
-Form No. 125 - Rent Deposit Receipt
WRIGHT & CALLENDER, Wright & Callender Building. $...... RENTAL DEPARTMENT No....... RENT DEPOSIT RECEIPT - All Rents Payable Invariably in Advance. Los Angeles, Cal........190...... RECEIVED FROM...
-Form No. 126 - Schedule Of Prices Of Lots
PRICE LIST OF LOTS - OF - PALM TERRACE PLACE. Lot 1 .................... $2500.00 Lots 2 to 11 inclusive...... 2000.00 Lots 14 to 19 inclusive..... 150...
-Terms
One-fourth cash; balance 6, 12 and 18 months, at 7% net. Five per cent discount for cash. IMPROVEMENTS will be made promptly and as follows: Oiled streets, Cement walks and Curbs, Water piped to each...
-Form No. 127 - A Striking Subdivision Ad
Southwestward the growth of Greater Los Angeles takes its way. Jefferson St. Park Tract A FORTUNE IN LOTS Right in Line of the City's Irresistible Growth Southwest. The Handsomest Subdivision in ...
-Form No. 128 - A Typical Real Estate Bulletin
Live and let live today is a good maxim, but Live and help live every day is better. EASTER GREETINGS: Be Joyful REAL ESTATE BULLETIN CHARLES M. STIMSON. 207 Trust Bldg. Cor. 2nd and Spring ...
-Form No. 129 - Two Suggestive Ads. For Builders
HOMES FOR THE MILLION. As to building - do you contemplate erecting a residence, store, office building or factory? Our architectural department is managed by one of the finest architects in Los Ange...
-Form No. 130 - For Sale - Houses
WE HAVE TALKED a great deal during the past four months about home building, and during that time we have convinced a great many wide-awake people that our plan of building houses is just about the pr...
-Form No. 131 - This Ad. Is Helpful And Assuring, And Is An Excellent Model To Follow For Country Lands
FOR SALE - Country Property. _______O______ HOMESEEKERS. THIS IS FOR YOUR GOOD! IF YOU ONLY KNEW IT. Is it not worth your while to make sure that you are getting the best for your money when you...
-Form No. 132 - An Argumentive Ad., Useful In Working Up Interest In A Particular Street
FOR SALE - Business Property. CONCERNING JEFFERSON STREET. I present below what I POSITIVELY KNOW to be the four best investment propositions on all JEFFERSON ST., and that means the four best in L...
-Form No. 133 - An Ad. Confirming Prior Statements
FOR SALE - Business Property. CONCERNING JEFFERSON ST. JEFFERSON is no longer a coming business street. It has ARRIVED. There are at present MORE business improvements contemplated and arranged f...
-Form No. 134. This Ad. Brings Out Prominently Sizes Of Lots And Prices
FOR SALE-SPECIAL BARGAINS IN LOTS. $1500 - Wilton, near 16th...... 50x155 $1250 - Oxford, near 16th..... 50x155 $900 - Sixth ave., near Adams ...
-Form No. 135
Hotels and Lodging Houses. 28 ROOMS, CLOSE IN......... $900 17 rooms, close in $800 17 rooms, central.............. $450 20 rooms, central ...
-Form No. 136
This ad. shows the effect of surrounding blank space. FOR SALE-WESTMINSTER SQUARE. MAGNIFICENT NEW WESTLAKE TRACT, AT 10 PER CENT. DISCOUNT FOR A FEW DAYS. No greater opportunity for profitable in...
-Form No. 137 - Petition, Verified, And Order Of Court, Authorizing Investment Of Ward's Funds By Guardian
No. 3362. Dept. 2. In the Superior Court of the State of California, in and for the County of Los Angeles. In the Matter of the Estate and Guardianship of James Jones, Incompetent. Petition of Guar...
-Order Authorizing Investment
The petition of Peter Bennett, the guardian of said John Jones, incompetent, for an order authorizing him as such Guardian to invest a portion of the funds in his hands belonging to said ward in the h...
-Form No.138 - Corporate Bond
United States of America, State of California - Union Transportation Company. First Mortgage Five Per Cent. Sinking Fund, Twenty-Year Gold Bond. Number...... $1000. For Value Received, the UNION TRA...
-Form No. 130 - Cash Subscription Blank. (No Certificate For Less Than 300 Shares Will Be Sold.)
CASH CONTRACT. SUBSCRIPTION BLANK. FOR SPECIAL ORGANIZATION STOCK OF THE GOLDFIELD RELIANCE MINING COMPANY. The C. M. Sumner Investment Securities Company, Kittredge Building, Denver Colo. Gentlem...
-Form No. 140 - Installment Subscription Blank. (No Certificate For Less Than 500 Shares Will Be Sold.)
INSTALLMENT CONTRACT. SUBSCRIPTION BLANK. FOR SPECIAL ORGANIZATION STOCK OF THE GOLDFIELD RELIANCE MINING COMPANY. The C. M. Sumner Investment Securities Company, Kittredge Building, Denver, Colo. G...
-Form No. 141 - Chattel Mortgage
This Mortgage, Made this 30th day of January, in the year of our Lord One Thousand Nine Hundred Six (1906) by C. H. Allen and Eliza A. Allen, his wife, of the County of Los Angeles, State of Californi...
-Form No. 142 - Crop Mortgage
THIS INDENTURE, Made the...... day of ..... in the year of our Lord one thousand eight hundred and ninety-...... BETWEEN........ of the.......County of......State of...........by occupation a......Mo...
-Form No 137 - Habendum And Rent Clause
To Have and to Hold the said above mentioned and described premises, with the appurtenances, unto the said party of the second part, his executors, administrators and assigns, from the....day of...., ...
-Form 144 - Covenant As To Insurance, And Application Of Same, On Buildings On Leased Ground
The lessee does covenant and agree to and with the lessor, that it, the lessee, will keep insured, during the said demised term, any and all buildings, or improvements that may be built or placed upon...
-Form No. 145 - Covenant In Lease That Lessor May Post Notices That He Will Not Be Responsible For Construction, Alteration And Repair Of Improvements
The lessor shall have the right, and hereby reserves the right, to enter upon said demised premises on or before or about the time or during the time of the construction of said new building, and to p...
-Form No. 146 - Covenant In Lease As To Appraisal, Of. And Payment For, Buildings On Leased Ground
It is further covenanted and agreed that unless the respective parties herein shall have agreed in writing ninety days before the ........day of........................A. D., 19.., (provided this leas...
-Form No. 147 - Covenant For Quiet Enjoyment
And the said party of the first part, for himself, his heirs, and assigns, doth, covenant and agree, by these presents, that the said party of the second part, his executors, administrators or assigns...
-Form No. 148 - Covenant To Pay Rent
And the said party of the second part, for himself and his heirs, executors, administrators and assigns, doth covenant and agree, to and with the said party of the first part, his heirs and assigns, b...
-Form No. 140 - Covenant Not To Assign Lease Without Written Consent Of Lessor
And said party of the second part further covenants and agrees, that he will not assign this lease or under let or sublet said premises, or any part thereof, to any person or persons whomsoever, witho...
-Form No. 150 - Covenant As To Heirs And Assigns
It is mutually covenanted and agreed by and between the parties hereto, that each of the expressions, phrases, terms, conditions, provisions, stipulations admissions, promises, agreements, requirement...
-Form No. 151 - Covenant As To Rights Of The Parties In Event Of Destruction Of Premises By Fire
If, during the term of this lease, the building or premises are destroyed by fire, or other action of the elements, or partially destroyed so as to render the premises demised wholly unfit for occupan...
-Form No. 152 - Covenant As To Repairs
The lessor shall not be required to make any repairs on said premises, and shall not be responsible for any damage to the demised premises or property contained therein, by reason of the leakage of wa...
-Form No. 153 - Covenants By Lessee Of Flat Building
And for the consideration aforesaid, the said party of the second part further covenants and agrees with said party of the first part,, his executors, administrators, and assigns, to take good care of...
-Form No. 154 - A Loose Contract For Sale Of Lots
Contract No....... RECEIVED OF ......the sum of........ Dollars.......................as a deposit to secure the purchase of the following described lots of the......TRACT, Lot numbered... of block ...
-Subscription Agreement
Know all Men by These Presents, That Whereas,........... has obtained options for the purchase of (here describe the premises) which said options are hereby referred to and by reference made a part he...
-Trust Company
Now, Therefore, We, whose names are undersigned, in consideration of the mutual promises and covenants herein contained, and of the subscription herein stated, agree each with the other to subscribe, ...
-Form No. 156 - Sales Report Of Tract Agent
Brown & Jones, Room 3, Dunn Block, Los Angeles, Cal. Lot No. 12, Block A, Briswalter Tract; Price $1,000; Purchaser, Daniel Draper; Address 1127 Ingraham Street; Phone, Home 608; Am't Deposited $100;...
-Form No. 157 - Ruling For Payments On Back Of Lot Contract
Sold to............................................................................................................ P. O. Address........................................................ For $.........
-Form No. 158 - Ruling On Envelope To Contain Contract
(Tract)................................................................................................... Lot....................................................Blk.....................................
-Objects
First. - To join in one association all mechanics, manufacturers and dealers of good repute, doing business in the city and county aforesaid, whose vocation connects them, wholly or generally, with th...
-Membership
Any person creditably and practically engaged as an employing contractor in any trade connected with the business of building, or in manufacturing, or dealing generally in building material, is eligib...
-Powers Of Directors
The Board of Directors have power to adopt By-Laws, Rules and Regulations for the management of the affairs of the Exchange, not in conflict with the laws of the State, and amend or repeal the same, s...
-Sundry Provisions
Neither the Board of Directors nor the members of the Exchange have power to pass any By-Law or Rule abridging the right of any members to conduct or transact his business in such manner as he shall d...
-Form No. 160 - Petition To Incorporate Town. Petition
Notice is hereby given that the following petition will be presented to the Board of Supervisors of Los Angeles County, California, at the regular meeting of said Board, to be held at 10 o'clock a. m....
-Form No. 161 - Petition For Removal Of Post Office To More Central Location
Saticoy, Cal., May 10, 1906. To the Hon. Fourth Assistant Postmaster General, Washington, D. C.: We, the undersigned citizens and business men, living within the delivery of, and receiving our mail m...
-Form No. 163 - Inside Of Voucher
Los Angeles, Cal.,.......................................................190....... To....................................................................................................................
-Form No. 165 - Balance Sheet
Balance Sheet of JOHN NEWMAN For Year Ending December 31, 1906. Ledger Trial Balance Financial Accts. Speculative Accts. Titles Dr. Cr. Resor. ...
-Form No. 166 - Comparative Statement For Cost, Rent, Expense And Sale Items
Statement of Income and Expenses for Five Years. Profit and Loss Statement Income Yr......... Yr......... Yr......... Yr......... Yr......... Sold for...
-Declaration Of Trust
Know AlL Men By These Presents.:- That the FEDERAL TITLE COMPANY, a corporation organized and existing under and by virtue of the laws of the State of California, and having its principal place of bus...
-Declaration Of Trust. Part 2
In Witness Whereof, the said parties of these presents have hereunto set their hands and seals the day and year first above written. L. M. SELLERS. (Seal). ALONZO BYERS. (Seal) Duly acknowledged. Th...
-Declaration Of Trust. Part 3
In case the moneys received from the sales of said property shall be insufficient at any time to meet the payments that shall fall due under the provisions of the agreement set out above, then the sai...









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