Insurance and Real Estate; Part I Insurance (Paperback)

Book may have numerous typos, missing text, images, or index. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. 1914. Excerpt: ... half of 1 per cent upon mortgage debts, which is paid once, and thereafter the mortgage is free of all taxation for state, county and local purposes. In other states the problem is still an unsettled one, and wherever it comes up for discussion, it will have considerable influence upon land values. 286. The single tax.--Another question which is up for consideration is the question of the abolition of general taxation on personal property, leaving real property the only object of direct taxation. This subject involves numerous considerations. It is true that it is difficult to frame a just tax law applying to personal property generally. On the other hand, it should be remembered that real property is not the only property which gets the safeguards of the State's protection and the benefits derivable from civilized government. Nor is the argument valid which claims that all persons use real property and, therefore, taxation on real property will fall on everybody, for the tax will not fall on everybody in accordance with the benefits derived. For example, a diamond merchant can do a much more lucrative business in a small office than a produce merchant can do in the same space. The topic will have to be considered with regard to local conditions and tax laws in each state. 287. Confidence and good-will.--It should be remembered that the real estate business is one in which the only stock in trade is confidence and good-will. The greatest problem of the business is so to conduct it as to gain the respect, good-will and confidence of the community. The man who has done satisfactory business with you is your best advertising medium. Never try to get a man to do a piece of business which you think turn out to his loss, even though you may make a commission on it. The man who has made mo...