MASTER NEGATIVE NO. 95-82426 COPYRIGHT STATEMENT The copyright law of the United States (Title 17, United States Code) governs the making of photocopies or other reproductions of copyrighted materials including foreign works under certain conditions. In addition, the United States extends protection to foreign works by means of various international conventions, bilateral agreements, and proclamations. Under certain conditions specified in the law, libraries and archives are authorized to furnish a photocopy or other reproduction. One of these specified conditions Is that the photocopy or reproduction is not to be "used for any purpose other than private study, scholarship, or research." If a user makes a request for, or later uses, a photocopy or reproduction for purposes In excess of "fair use," that user may be liable for copyright infringement. The Columbia University Libraries reserve the right to refuse to accept a copying order If, In its judgement, fulfillment of the order would involve violation of the copyright law. Author: Strout, E.A. Title: Success selling farms Place: [New York] Date: [1910] 9^-fX^2ic>-3> MASTER NEGATIVE * COLUMBIA UNIVERSITY LIBRARIES PRESERVATION DIVISION BIBLIOGRAPHIC MICROFORM TARGET ORIGINAL MATERIAL AS FILMED • EXISTING BIBLIOGRAPHIC RECORD RESTRICTIONS ON USE: FILM SIZE: 35. iV)f^V\ Strout, E A Success selling farms; helpful hints to Strout salesmen, by E. A. Strout, president, ^llow York? CI91O3 62 p« illus. 23 en. o ! TECHNICAL MICROFORM DATA DATE FILMED: REDUCTION RATIO: . 3/^^i r /2_X- IMAGE PLACEMENT: lA HIA IB IIB INITIALS: TRACKING # : M^Ai os^a^c FILMED BY PRESERVATION RESOURCES, BETHLEHEM, PA. > w Jp/ %^ ^ CO CJI 3 3 D" O > Is 00 ^ cob: cn COM o c^^ '«'* . %,*' 4^ 3 3 > 0,0 o m CD O OQ ^ o O CO N c^ ' .^V s ^. a? '^ ^ '\ % %>' .^^ > o 3 3 ^o o o 3 3 Cn O fri^ll|!r|?|?|5|? I! o CO 00 a 00 o 1.0 mm 1.5 mm 2.0 mm ABCDEFGHIJKLMNOPQRSTUVWXYZ abcdefghi|klnnnopqrstuvwxyzl234567890 ABCDEFGHIJKLMNOPQRSTUVWXYZ abcdefghijklmnopqrstuvwxyzl234567890 ABCDEFGHIJKLMNOPQRSTUVWXYZ abcdefghijklmnopqrstuvwxyz 1234567890 2.5 mm ABCDEFGHIJKLMNOPQRSTUVWXYZ abcdefghijklmnopqrstuvwxyz 1234567890 '^"-S^ ¥^ V ^ ^o ?CP f^ ?0> ■-^A. ^A.'^/' € r^ ■^ f^ '^ C 4^ ^ L^ m O O ■o m TJ > C Cd I Tj ^ > 3) <»^/% -f. >> ^^ « OI 3 3 ro o 3 i'O ts ?5 Is 3i 5 w II |i ^z (0 ^ ^c M (A r*-* NJ^ otx si r ^^•^^ 4^ 4^ "5vS Columbia Winibtviitp in tt^t Citp of Beto |?orfe LIBRARY School of Business t-^t\y^ This book is due two weeks from the last date stamped below, and if not returned or renewed at or Pbcfore that time a fine of five cents a day will be incurred. I i #^i f Success Selling FARMS Helpful Hints to Strout Salesmen ' By E. A. Strout, President V ?^i O F ^.•L' Copyrighted by E. A. Strout Company, 1910 |-<, r' 3 SIS' St 8 Helpful Hints TO Strout Salesmen. It Is Your Move. ANY man who starts out with the intention of making a success of this business can surely accomplish his object if he will devote himself to the work along the proper lines, and in forwarding to you a copy of contract under which you are to act as our representative we do so with the understanding that you will give your best efforts to this work. We are not dealing with theories when we state that we can make you successful in selling real estate. We have tried out thoroughly many different ways of handling country property and our present policy was adopted because we found it the most successful. Please bear in mind that we cannot make any move in the direction of getting customers for properties that may be for sale in your section, until you have placed with us the required list as referred to hereafter. One of the most important features of this business is our catalogue advertising. A copy of our latest catalogue you will find included in the supplies. The same will indicate the plan we follow to reach buyers. We issue several general catalogues each year with a circulation of abouf 300,000 copies. They are mailed direct to prospective buyers answering our advertisements now running in several hundred different publications. Perseverance Is the Father of Results. If there is one thing in this world absolutely necessary in order to help a man to success it is sticktoitiveness. It is safe to say that 90% of the agents who fail in any line, including real estate, do so because of downright laziness, backed by a determination not to find out why others succeed where they fail. One of our successful agents who had a rather trying experience in getting his agency started writes us that he was just on the verge of "throwing up the game" when he attained his success. "It was hard work getting a start," said he, "and I came very near giving up after two weeks of walking through snow and slush, and not a farm listed, but just at the last gasp Misted four farms in one afternoon. Since that 2 SUCCESS SELLING FARMS. time they have kept coming in and now I have thirty-seven properties for sale. I have been astonished at the way the inquiries have been pouring in since you began to advertise my section. The first inquiry came from Iowa. Everything is now encouraging. I have caught the spirit of enthusiasm and you may be sure that this is not going to be a dead agency." And we are happy to say it is not. The same perseverance so essential to success in listing properties must be followed in the real business of selling and in following up prospective buyers whose names go to an agent as a result of our adver- tising. Do not become discouraged if you fail to receive favorable replies from all the prospects to ws sufficient ^^^^^'^ ^^^ ,^^ ,, ,, .^^h. a loss of the same. >, (See Form 194-Agreement of Sale, on page 41.) Know Your Goods. Excellent Advice fron, One of ^"^^^:^'C:'^::^.,. "I know every foot of land, where the fif^! ^^^^^"^^^uyer woidd ,00k, the source of the water supply, 'f^^^f^;Z?slidZ. of our ..nt to --:;^^-:-X''^l^:^St e"he methods which most successful agents ^^^^^^^^ ^ ^st month after month, had enabled him to head ^^^f^J^'^^^ ^o make sales/' said he. m we don't know our goods we ^^"^^.^/^P^^' ^^ everything there is ^«I walk carefully over -ry^-^^^^^^^^^^^^^^^ the owner, to be learned about them. At the same time g ^ lower price -f -^^^ ^ ,7;^,,, secret. Know your goods thor- tion then and there. That ^^ ^he wn ^^ ^.^^^^ oughly and get your price and your terms rigni w y SUCCESS SELLING FARMS. 17 When you do this you will not have much trouble to make a sale. Just to sell a farm is the easiest thing an agent can do, because the E. A. Strout Company sends the buyer right up to our doors with the money in his pockets. All we have to do is to show him what he wants, and if we know our goods and have seen to it that the price and the terms are right, the sale is made." Good Agents Keep Posted. Never allow yourself to be unable to answer clearly and promptly any question a prospective customer may ask you regarding local prices and conditions. One of our star agents in New England recently told me that when he began in the business he spent a great deal of time making himself thoroughly familiar with the express rates to Boston on berries, early peas and summer apples. He also got the rate per carload for second-hand furniture from several large cities like New York, Boston and Philadelphia to his town ; likewise the freight rates per carload and per hundred on apples, potatoes, cabbages and other farm products which the farmers from his section were shipping to the market over the railroad. He also posted himself on the prices paid for various kinds of logs delivered at the saw mill and he found out just what was being paid at the depot for pulp wood and cord wood for fuel. By having all this information right at his finger ends, he was able to answer the many inquiries regarding these things which prospective customers often made. If you can give your prospect detailed information regarding all the local conditions that he is inquiring about, he will not be trying to find someone else around town to give him that information. How to Handle Advertised Properties That Have Been Sold. When an advertised property has been sold or withdrawn it does not mean that its usefulness is at an end. We take great pains to avoid advertising sold or withdrawn properties, but some places are sold after the catalogue is on the press and then it is too late to make a change. In such cases, do not hesitate to get the prospect on the ground, as you cer- tainly will have on your list another property that comes near enough to that for which the customer is looking, so that you can show it to advantage. When the customer arrives, explain to him fully the circumstances of the sale and if he wishes drive him direct to the property that has been sold. You can say to him : "Let's look this over together and then com- pare it with another place which I have recently listed and which I am sure will be much more satisfactory to you than this one." You know all the good points about the farm you are going to show him and you know a good many poor ones about the farm that has been sold, and it is up to you to put it up to your customer without misrepresentation, jg SUCCESS SELLING FARMS. L *« h. .ill ...1 .to. .1." "" «■« >«" '"^t h te b";.',"" " ""■ „.'iu^t«u*in. ..»-;- - - r .'to. r- you tell him is correct. ^^^ ^j^^ j yj^^. Similar -^SO^-^^^l^ZtTZ^ LThm'understand that he will about a property that has been soia. _ compare have an opportunity to see the ^'°^fl^''l^;;^^Zonhi^ your belief it with the one you -<>-^^^\^ ^^Z' :^',::^:;iT..nt hfm to pur- :tl%rvT"ra:;ne^s Ini^lUnt^ss to sho^w him both will maWe him ready to hear w^^jou^^ave^-^-^^^ ^^^^ One of the most delicate situations the new agent will find himself in Si be he Arrangement of terms of sale between the owner and .sh as rJ" o o^r contracts provide for a minimum payment of cash, as most oi uui r ;nfrpnvientlv however, it is somewhere between those two sums, ^ot "freque^n^^^^ •ui f^ ;nHiirf' an owner anxious to sell to accept a niu possibl to "d^« ^\7^^^,d agree to accept at the time h.s property amount of «/• *an he w g ^.^^^^^ ^^ ^^^^^ ^^^^.^^ ^^^ xri? will ':.".".<. .1.. Ki- »< p"" •"" '"- "'"■ '" "' an actual buyer for his property. ' Insurance Policies. 1 io ,.rMi <;hould see that the interests of our When you make a sale,^^^^^^^ ^'^^^^^^^^ insurance pohcies prop- customers are properly protected by naving ^^^^^^ erly transferred. Unless you ^;;^^J^l^'^^^ it will be days or weeks before the purchaser will think oi ii, ai ^ p overlooked entirely. SUCCESS SELLING FARMS. 19 When the owner is notified to prepare the deed he should also be notified to apply to the company in which the buildings are insured for consent to transfer his policy to the buyer, and when the deed is delivered, the policy, either with an endorsement or an assignment accompanied by the Insurance Company's consent to the transfer, should be delivered to the purchaser. Sales are sometimes seriously delayed and often there is danger of them falling through because of failure of the agent to attend to details regarding insurance papers at the time it should be done. It is just as much a part of an agent's business to see that the insurance policy is assigned and ready for delivery at the time set for settlement as it is to see that the deed is executed properly. By attending to this detail, we will often avoid misunderstandings and vexatious delays as well as protect our buyers from the risk of the total loss of their buildings by fire. Have the Tax Receipts Ready. At the time of the settlement, in addition to the usual papers, you should have the seller's tax receipts or duplicate receipts for the two years previous to the sale. These will generally be accepted as sufficient evidence that there are no back taxes to be paid. It costs nothing to insist on the seller having all necessary papers ready at the appointed time and occasionally it will save the loss of a sale. To Our New Agents. Please have it thoroughly understood in your section that you are representing the E. A. Strout Company. Station agents, telegraph offices and operators, post-masters, telephone exchanges, rural free delivery carriers, stage drivers, etc., should be given this information so that arriving prospects will have no difficulty in locating you. Good signs placed near the station, with instruction how to find you, will help not only in making you known to outside customers, but at the same time will greatly assist you in listing. In Posting Signs. Be sure to observe state laws regarding posting signs on posts, fences and trees in the public highways. In every state it is legal after obtaining the owner's permission to place signs on trees and buildings on private land along the highways. Let Everybody Know. Make it your business to see that everybody, not only in your home town, but in the surrounding territory in which you expect to work, know of your appointment as the local Strout representative. Keep your name and your business before them at all times and in every way possible. 20 SUCCESS SELLING FARMS. See that your appointment as the Strout agent is chronicled in the local newspapers and endeavor from time to time to have news items published regarding you and your business activity. Always procure the publication in these newspapers of a report of every sale you make. When you start out to list your first farms, don't introduce yourself to an owner by saying that you are getting a list of farms to advertise and try to sell. Tell him instead, that you have many men coming to visit you in a short time to buy farms that you are now ''selecting" for them. Stated in this way, you will have your man's attention and his opinion of you will go "sky rocketing." Anyone can list farms, but it is not every one who is going to be rushing about over the country with out-of-state buyers. You are "selecting" farms. That will convey to the owner's mind right away the thought that he must offer his farm very reasonably or it may not be "selected" as one of the desirable ones to show your coming prospects. Talk with him about his farm and finally tell him as though you were conferring a favor that you like his place well enough to list it, provided he makes the right price. Get him to make what he claims to be his lowest price, if you can, before you say anything about terms. When you have the lowest price he will give, remark: "Well, you are planning to pay me five per cent, (or whatever the usual percentage in your section may be)." Nine times out of ten, the owner will reply in the affirmative, and you can then remark, "That will leave you exactly so and so," and set it down in the agreement. Then go ahead and explain that you are not an ordinary agent; that you take the farm at a figure net to him and of course he does not care what you sell it for, as, in any event, he will receive exactly the net price agreed upon. Above all things, make him feel that you are the real "i8-karat dia- mond studded" ^article. Make him feel proud to be dealing with you, and he will let most of his neighbors know that he is acquainted with you inside of forty-eight hours. If you have been in this work two months and are not one of the most talked-of-men in the county, you need a big twenty-grain dose of confidence. Don't say to yourself: "Well, I won't say much about this. I'll Hst a few of my friends' farms and see what I can do." There are numbers of you agents working with that bee under your shirt collar. You know it is a fact. That is why customers come to the office with "I was up to X yesterday. Hunted all over the town and couldn't find your agent. No one seemed to know you had a repre- sentative there." How many owners living within a few miles of you don't know that you are the man who can sell farms? SUCCESS SELLING FARMS. 21 Make Yourself Known. If you have been dilly-dallying along as though you were ashamed of your business, for heaven's sake, brace up! Go after 'em! Get out on the side lines and root! Talk shop with every one you meet. Give it to them strong. Feed bright, optimistic talk in short doses, but often. Go to every store, sihop and bank in town and introduce yourself. Tell the proprietors and the clerk all about the great work you are entering upon. Make it plain to them that you are going to do more to benefit their section than any one has ever before attempted. You are going to bring in new settlers who will improve the farms, increase the value of property, prove good customers for the stores and clients for the banks. Leave some advertising with them and ask them to help you in establishing your business by sending settlers and buyers to you. When you are first starting in A Silent Helper. The following advertisement run in your local paper a few weeks will help you list farms. Try it. Electrotype will be sent you free on request from the New York office. business and get an inquiry from one of our offices or through the Confidential List, take that inquiry in your hand and hustle up to a few of the men along the street or in the stores and ask if they know of a property that will suit this pros- pect. Make a stir — keep the people interested. Hail them coming and going and throw so much confidence and enthusiasm into your work that you will beget confidence and en- thusiasm in everyone you meet. If some croaker remarks that you haven't made a sale yet, tell him that you haven't begun to fight. Tell him that you are having all you can do to keep the buyers off until you are ready for them. Tell him any old thing to make him under- stand that you are going to do business and do it right. The larger the business undertaking the longer it takes to launch it. A lawyer or a doctor thinks he has done well if he makes expenses the second year. If you do not make a sale as soon as you might wish, it is no excuse for you to lose confidence or speak doubtfully about your business prospects. Smile, hold up your head and defy anyone to cast a shadow of a doubt on your ultimate success. Greatest of all be confident. Doubt makes cowards and failures. Confidence makes heroes and, best of all, it makes money. You don't want for the CASH you do through the World's Largest Farm Agency Thousands of sales everywhere prove right methods. No advance fee required. Write our nearest office or agent today for free listing blanks. E. A. STROUT COMPANY 47 W. 34th SU NEW YORK Boston Philadelphia Pittsbura OldSoathBldp. Uad Title Bldg. Uaion Bank Bldg. J. C. BARR, Agent Weston, Ohio. i t 22 SUCCESS SELLING FARMS. When You Make a Sale. Just as soon as you sell a property, fix in some conspicuous place, on the bam, for instance, one of our signs, "Sold by E. A. Strout Co.," which will be furnished you upon request; and at the same time place in the newspapers a notice something like this : "The E. A. Strout Com- pany, through their local representative, John Smith, reports the sale of the Joseph Brannan farm to William Golden of Newark, N. J." Advertising of this kind calls the attention of property owners to the fact that you are making sales, and no one thing will help you more than this to list properties. HAVE YOU A COMPETITOR? Reports on What Our Competitors Are Doing Will Help Us in Placing Our Advertising to the Best Advantage. We want you to be kind enough to send us, if it is at all convenient, a report at the end of each month, giving us the number of sales made in your district by our competitors, the name of the competitor making the sale, the name of the owner of each property sold, the amount of sale, and the name and address of each purchaser. Information of this kind is of great value to us. Try and get this information for us and just as soon as you have it compiled at the end of each month, send it along. We will appreciate your compliance with this request. List Low Price Properties. In listing properties you should proceed as quickly as possible to secure all the low-priced properties within a radius of ten miles from your depot. In doing this it is always well to start at the depot and ;iist in all directions. In opening up a section, it is always best to list as many low-priced properties as possible, as they draw better. When you have sent us a list of twenty-five properties, we will begin to push your best bargains. We advertise in the papers properties described in our publications, and in this way reach the buying public. All inquirers to such advertisements are furnished with a copy of the publication containing descriptions of the properties advertised. The larger your Hst of descriptions of properties the better will be your chances of making sales and the more advertising you will get from this office. Successful Salesmen Can List. In starting out to list properties, please bear in mind these facts : We have over loo agents selling properties successfully under the same instructions as given you. The agents who have failed are those who were not successful in listing properties. An admission on the part of an agent that he is unable to list properties is also an admission of the fact that he is not a real salesman. Any man can take orders, but a salesman is necessary when goods are to be introduced and sold in a new territory. We are the only real estate company engaged in SUCCESS SELLING FARMS. 23 the work of building up a real estate business through agents who are residents of their respective localities. No one could possibly offer you a better opportunity to build for yourself a successful business. We have more customers looking for farms and country homes than all the rest of the real estate companies combined. This is an acknowledged fact and is verified by the larger number of sales we are making and the thousands of inquiries we are receiving monthly at our different offices from parties who are interested in buying country property. Get a Low Net Price. When listing a property bring into play your best qualities as a buyer ; for upon the price at which the property is listed we must base our commission. The lower the property is listed the better your chances of getting a fair commission on the sale. If you are not thoroughly familiar with local values, make it your business to become so at once and then use your knowledge in getting the lowest possible net price in every listing. Always bear in mind that to list a property on withdrawal is greatly to your advantage. Even if the fee is only $25, a withdrawal clause in the agreement keeps the property in our hands and not only gives us a better chance to sell it, but at the same time helps to eliminate com- P'''''°"- Where to List. Experience has proven it inadvisable for agents to list properties more than fifteen miles from their homes. It is no use to attempt to ^handle property when it is located too far away to be conveniently shown by team. _ . . ^, ^^ Concentrate Your Efforts. In showing properties to prospects who come to you, always select one or two places which you believe will come nearest to meeting the prospect's requirements and give all your attention and energy to showing those places. Always bear in mind the desirability of impressing a prospect with the idea that only a few properties in your section are on the market for the reason that the owners are perfectly satisfied and have no desire to change to any other farming section. The moment you get the idea into a prospect's mind that the section he is visiting is one where farmers are prosperous and contented it will naturally create in him a desire to buy in that section, providing you can show him something that will mean a good living to him and at the same time come within reach of his pocketbook. Create in the visitor's mind the idea that only a few properties in your town and in the surrounding country are for sale. Don't throw out your ohest like a foolish schoolboy and start in to brag about what a lot of property you have listed. Don't start in by trying to impress your customer with what a smart man you are. You 24 SUCCESS SELLING FARMS. are out to sell him a farm. Don't try to bluff the stranger. Talk to him the same as you would talk to your next-door neighbor who was in school with you and has known you all your life. You would not try to put on any false front before that lifelong friend. Don't try it with the stranger. How a Sale was Lost. A customer must not only believe that he is buying a good farm, but also that he is buying in a good locality. Never give prospective buyers an idea that your whole section is for sale. A prospective cus- stomer recently came into our New York office on his way home after visiting one of our agents. We were naturally interested in knowing whether he had found a property to his liking. On inquiring, he gave us this reply : "I visited your agent and I must say he has some very good propositions. One or two properties in particular I liked very much. I did not buy, however, for the reason that I could not under- stand why so many owners seemed anxious to sell and at what appeared to be very reasonable prices. Your agent told me that he had a large number of properties for sale, and in driving with him to look over one or two particular propositions in which I was interested he pomted out nearly every property we passed as being listed with him for sale. I do not want to locate in a section where everybody seems anxious to move out." Watch Your Prospective Customers. One of our most successful agents recently told us his plan for handling prospective customers who visit his section. "I meet my cus- tomers at the station or trolleys and then take them immediately to my home. If it is evening when they arrive I try to entertam them until it is time to retire. If it is not possible for me to entertain them over night, I see that they are comfortably quartered at some good hotel or at a neighbor's house, in which case I get around in the morning in good season before they have time to loaf around in the streets or in the hotel office. That is where the trouble is made." No matter how much confidence you have in the owner, don't let the owner and the buyer go off together in looking over the farm unless you are with them. Of course, there are farmers you can trust to do this, but, as a general rule, don't do it. Never leave the customer alone a minute while he is in town if you can possibly avoid doing so. Good Advice. The new agents can do no better than to follow the advice of. some of our older men whose success as real estate agents is firmly estab- lished Here is a bit of advice given by one of them and will, without doubt, be endorsed by you. He says : "When you get a prospect landed keep him contented. I depend upon all prospects to whom I have sold SUCCESS SELLING FARMS. 25 to help me land others, and they do." The satisfied customer will help you, too. Pay Fare Only One Way. A misunderstanding of the Company's intentions with reference to the Free Fare Bond in several instances has resulted, not only in unnec- essary and unwarranted expense both to the Company and to the agent, but also has brought about undesired controversies with our customers. As is plainly stated in all advertising matter referring to the Free Fare Bond, the Company binds itself to pay the fare from the home of the customer to any property he may buy through the Company, the distance in no case to exceed 1,000 miles. Frequently we have been asked by a buyer to extend the free fare privilege to other members of his family. This, of course, we cannot do. One fare one way to each sale where demanded by purchaser — not one cent more; the Company stands half, the agent half. Do not allow railroad fares until buyers have taken deed. This is in accordance with the terms plainly stated on the Free Fare Bond. When the buyer demands his fare at the time of purchase, simply tell him or her that the fare will be forthcoming as soon as the title passes to the property. Send Check with Orders for Special Supplies. Agents must accompany their orders for special supplies with a check covering the cost. The innumerable small charges would add a great deal of work to our bookkeeping department, already heavily burdened. While the individual sums are small, taken as a whole they amount to many thousands of dollars in the course of a year — many thousands of dollars of the Company's money tied up in charges on the books when in reality they should be out working for more business for the Company and for you. It requires a great deal of money — real hard dollars — every week, to keep up our business-getting campaign, and we are using every dollar we can spare in pushing that campaign to the limit. We cannot afford, nor can you, to have these dollars con- stantly tied up in petty charges. It will be to our mutual interest to keep that permanent debit account as low as possible, so we trust you will do your part in helping us to keep it down. Advertising Material. In preparing material for personal circulars, catalogues, supplements, leaflets, fliers, etc., please keep in mind the points mentioned in the following letter, which was sent out as a call for material for our Spring Catalogue. If you will keep these suggestions before you and will observe them when preparing material for catalogues, etc., there will be no question about the success of your agency: 26 SUCCESS SELLING FARMS. I Mr. OntThe-Job, Hustleville, N. Y. Dear Mr. On-The-Job: Our Spring catalogue will be the shape and size of that big business-getter "List 19" and the subject matter and descriptions for same will be arranged about as they were in "Money- Making Farms No. 20" which made the "panic year" for others a "banner year" for us. u • u • In addition to the pictures and descriptions of properties which in your best judgment you feel it is advisable for us to advertise in our spring catalogue, please send in at the same time a good write-up of your section together with two or three views of interesting bits of scenery. If you can send along a few money stories telling how farmers are making dollars in your section, giving facts and figures regarding crops, productiveness, yields, income per acre, etc., please do so. Give Full Information. Those in the market to buy farms are always interested in "dollar talks." They want to know what the farmers are receiving in your section whether they are prosperous, social conditions, nearness to large cities, markets, and in fact, just the very things you yourself would want to know if you were in the market for a farm and had your attention called to some particular section about which you knew nothing. You would not want to buy a farm unless you knew all about the things we have just mentioned. Put yourself in the place of the man who is in the market to buy and give him the information he wants, in fact, the in- formation he must have before he will evince a very great interest in your section. In order that the contract under which you are working may result in dollars in your pocket and in ours, each of the parties to the contract must faithfully do his part. If you will list up the properties m your section following along the lines mentioned in our letter of instructions and will comply with this letter, sending to us the desired descriptions, pictures, write-up of your section, along with any "money talk" you may be able to get together, we will give you a good showing in our catalogue. It is always well to learn the "crawl feature" of this game before attempt- ing to walk. You have the opportunity to make a good many dollars this year. The reward is not a possibility. It is sure. It comes as a natural result of events to those who are willing to co-operate with us in the effort we are making to build up successful country real estate agencies. Last year we sold 814 farms. This year we shall sell in all probability more than 1,000 farms. If you are willing to do you share of the work you may safely figure on getting your share of this business. It Depends upon You. If you succeed in making five sales out of the spring catalogue, the next catalogue should bring you in ten sales. You can see, therefore, SUCCESS SELLING FARMS. 27 how necessary it is to read this letter from beginning to end, not once, but many times. Find out what it means, the things it calls for, and then Get Busy. If you do not intend to provide us with the material we require for our catalogues, then there is no use in our trying to help you. The men who succeed are the men who help themselves. Now, if you will help yourself to the extent of not only reading this letter carefully, but complying with it in every detail, there is no doubt whatever but that we, on our part, will be able to put you in touch during the next six months with a great many customers, meaning to you several hundred dollars. Be assured of one thing. This is not "Hot Air." We have been in this business ten years. Our record for the ten years is marked by thousands of sales throughout seventeen states by our 100 successful agents. What we have done for others we can do for you. Now, will you help yourself to the extent of giving us the material with which to attract customers for your properties? Keep Listing. If you have not already listed twenty-five properties, get on your buggy seat just as soon as you can and spend the next two weeks listing^ properties. We cannot advertise agents who have less than twenty-five properties listed for the reason that we do not care to send our customers to agents who have a list of less than twenty-five properties to offer. There is no money in selling unlisted properties, and for this additional reason we do not want our customers going to sections where agents have only unlisted properties to show. In sending in your material please be guided in your selections by the instructions given in this letter. We desire you to send in ten written descriptions even if you have only twenty-five properties listed. Out of the ten we will select the descriptions which in our opinion will pull the best. As our friend the late O. Henry said: "It is up to you." If you place any value on the contract under which you were appointed to rep- resent us you will give this matter serious consideration. Please send us descriptions and photographs for ten places along the following lines: 1. One property $ 800 or Jess 2. One property 1,000 to $ 1,500 3. One property 1,500 to 2,000 4. One property 2,000 to 2,500 5. One property 2,500 to 3,000 6. One property 3,000 to 4,000 7. One property 4,000 to 5,000 8-9. Two properties 6,000 to 10,000 ID. One property over 10,000 28 SUCCESS SELLING FARMS. SUCCESS SELLING FARMS. 29 I At least one of these places should be a poultry farm under $2,500. There should be one good fruit proposition between $2,000 and $8,000. The description of this farm should mention the amount in dollars real- ized from the sale of fruit in one season. It should be your very best fruit proposition, from an income standpoint. Live Stock a Drawing Card. At least five of the properties should have live stock included. Two should be the largest acreage on your list at not over $20 an acre. There should be one small place suitable for a summer home — small acreage, near water and railroad station. Good pictures should accompany these descriptions. You cannot spend too much time in getting first-class photographs to illustrate your descriptions. If necessary, pay a good professional photographer to take the pictures. It will be a mighty good investment for you. In selecting properties to be advertised in the catalogue, you should bear in mind the idea of confining your selection to those properties worthy of being advertised in the newspapers. Each property selected should have some one special, unusual feature. In writing your descrip- tions you should keep this in mind and try to work in something special regarding each particular property so that every description will have an attraction possessed by very few places. . Special Features. Here are a few of the special features which will help to make a description pull: Three miles or less to railroad station. Good photograph of buildings. Some live stock, tools, wagons, growing or harvested crops, etc., in- cluded. Large acreage at $20 an acre or less, even though it is a dozen miles to depot. Large hay crops. If a farm is well suited for taking boarders, say so. What rate per week do summer boarders pay? If farmer has made money in the past by taking summer boarders, state the amount in any one season. Mention the good fishing when there happens to be any. Wood on the farm, value per cord at nearest railroad station: dis- tance to same. If there is timber on the farm, state what it is worth per M. at nearest mill or shipping point. Large and commodious barns and outbuildings. Buildings in good repair. Half cash, or even easier terms. ^(^ (I' tit Where insurance on the buildings is within 75% of the price we are asking for the entire property, so state. If tax rate is less than 15 mills, mention it. Nearness to thriving town where farmers attend Grange meetings and where there is a high school, good churches and such other attrac- tions as will help to make the life of a farmer enjoyable. Exceedingly good returns from some one particular source, such as: "This property produced 400 bushels of potatoes from one acre last year." "The peach trees on this property yielded $600 last season." 'Last year's crops of apples on this property brought in $700." Twenty cows on this farm brought the owner $2,500 in one year." 'One-half acre in strawberries on this farm yielded $600 in one year." You can double the pulling force of descriptions by including live stock, such as cows, horses and poultry. Put in all the personal property the owner is willing to include. Live stock and personal property pull customers to you like a Missouri mule. The above are a few of the features which will make a description pull. The use you make of these points, together with those on the back of Form 159, in preparing your descriptions for the catalogue will have much to do with your success this year. You know the properties on your list thoroughly and with the assistance of the owner can point out telling selling points which probably never would occur to a man writing a description of the farm from the bare facts given on the Agreement Forms 115, 154 or 183. While this letter was being dictated, an owner of a listed property came into our office and called attention to the description of his farm given in Catalogue No. 28. "If you had brought into the description all the special features connected with my property," said he, "your agent would not have to work very hard to eflfect a sale. But you made no mention in the description of the fact that my buildings are in excel- lent condition, that there is water in the house and barn, and that the land is almost entirely free from stones. You left out the best selling points." Careful Preparation. This indicates the advisability of the agent right on the scene prepar- ing the descriptions of the properties to be advertised in our catalogues and also of submitting every description to the owner without an asking price mentioned, asking him if there is anything he can add to make it more attractive. An owner will think of more selling features about his property in five minutes than we could get together in our office in an hour. You and the owner are in a position to provide us with an ideal description. - SUCCESS SELLING FARMS. Tell the truth Allow no description to leave your hands unless you know it states facts. An owner will oftentimes lie and try to deceive vou regarding the productiveness of his farm and the distance from the school stores, etc. Don't allow them to pull the wool over your eyes. Get the facts and tell the truth. Do Not Mention • Do not mention in your description anything about "hunting." Say "good fall bird shooting," "excellent duck shooting," "fine fun shooting squirrels, rabbits," or whatever the sport is. but omit the word .hunting. Make no reference whatever to coon, deer or fox huntmg for the reason ihat a farmer does not want to locate where any of these animals are numerous, on account of the injury they do to crops and podtry. Don't try to work in all these good points in any one advertisement It would make the advertisement too long. One hundred to one hundred and fifty words is enough for any description. Pick one or two puling points regarding each property about which you are gomg to write a descriotion and present these points strongly. Do "ot select any property located more than twelve or fifteen miles from your home. Do Not Rush. Take severaldays to write and rewrite your descriptions. It is a clean ooen game. If you win, we win. If you lose, we lose. It is m yr'hS now to maL our spring catalogue a strong business-getten Please send your descriptions and pictures to the office in charge of your district. For instance, if you are in Maine, New Hampshire Vermont, Massachusetts, Rhode Island or eastern Connecticut send your material to the Boston office. If you are in western Connecticut, New York and New Jersey, to New York; Eastern Penney ™-^ ^'^/^ southern states, send your material direct to our Ph'ladelph a office. I you are making your reports to our Pittsburg office, please send your material direct to Pittsburg; if to Chicago, send them there. Preparing Advertising Material. In writing letters and preparing descriptions of P^perties for cir- culars Ilway! make your asking price an even hundreds of dollars. N ver make a price of $825, $850 or $875. Always make the price fhe nexreven hundred, which in this case would be $900. Odd dollars n prS make only an excuse for a customer to ^fr the next even hundred lower, thinking he can get you to take oflfthe odd doll^. Never make the asking price $2,200, $3,300, $4,400, $5,500, $6,600, etc., but make it $2,300, $3,400, $4,500, $5,600, $6,700, etc. Boom Your Section. Our agents can help the Advertising Department greatly by sending in. ?rom Le to time, photographs of places, fancy hve stock, harvesting SUCCESS SELLING FARMS. 31 scenes and buildings of public interest in their localities and articles on crops, market quotations, transfers, etc., taken from the local newspapers and journals that tell the successful farmer of exceptionally large yields, of big returns through intensive farming, etc. All these things are of interest to an intending purchaser. Boom articles are always good readers. They do not take up much space, they relieve the monotony of many descriptions and they help you. We want our agents to feel that the catalogue is up to them; that its success is entirely due to their efforts to make it attractive. Without our agents' co-operation, we can do nothing. Do You Want Buyers for Your Farms? If you want buyers for farms in your section, why not make a study of the following description which drew thirty inquiries in three days and which has already brought in two sales and paved the way to several others. Here is the description: Farm For Sale. Stock, Tools and Crops Included. Four cows, three heifers, 75 hens, wagons, machinery, small tools and some crops go with this rich i co-acre farm if taken at once; 8-room house; new barn; rich loam soil; spring-watered pasture for 12 cows; 150 barrels apples in season ; near neighbors, stores, church ; everything goes for $1,500; $1,000 cash, balance on easy terms. Can you offer a bargain like this? If you can, have you recommended that it be used in our next catalogue ? Do you know the kind of descrip- tion's necessary in order to attract buyers? If you do not, read the above description very carefully and you will understand why it is one Agent is busy answering letters, sending out his personal circular, showing prop- erties to prospective customers arid making sales, while another Agent wates his time and ours in writing letters complaining about the lack of inquiries. If you are not getting inquiries there is something wrong with the bait. The bait we are using in the catalogues is the bait you are sending to us. If it is not effective the fault is yours. The Agent who has a good strong personal circular needs only to know the names of the parties who are interested in his section. To find out who is interested all that is required is a good bargain. Now -it does not matter whether the par- ticular property advertised in the catalogue is sold. It does matter, however, whether the inquiries received as a result of that particular description result in sales. We could not succeed in making very much in the way of profits, in fact, we could not succeed in attracting very many inquiries by advertising 32 SUCCESS SELLING FARMS. a dollar bill for lOO cents. We would be given credit for advertising a legitimate article at a legitimate price but dollar bills at one hundred cents each are not curiosities nor are they to be considered bargains. The man whose curiosity is aroused is the man who discovers something at a price, in his judgment, less than its actual value. This is the secret of selling goods at a profit. We have got to convince those in the market to buy, that we are offering something at less than it is actually worth. If we can picture a property in such a way as to convey to the mind of the reader a property worth more money than we are asking for it, we will have succeeded in arousing his curiosity sufficiently to cause him either to write to our local address for further particulars or to at once visit our local address for the purpose of inspecting the property advertised. Successful advertising has for its object the selling of goods. It must first attract attention, arouse curiosity. It must in the second place convey the idea of the goods being offered at less than their real value. It must in the third place create a desire sufficiently to cause him to make up his mind either to inspect the goods advertised or to at least make further inquiry in regard to them. Advertising can go only one more step and that is to bring about an actual purchase without further solicitation. We cannot expect our ad- vertising to reach the last stage because we do not aim to sell farms by mail nor do we care to have prospective customers make deposit on farms without inspection. In our business, therefore, we shall have to eliminate the final stage when we fix the standard of our advertising. We are satisfied when our advertising is the means not only of drawing an inquiry for the catalogue but brings the interested party into contact with our agents. We leave him there and all we ask is that when we do bring him to the point where the agent takes up the work, we leave him with no false impressions. Mr. Agent, you should study carefully the above description. It rep- resents the kind of material necessary for us to have in order to do effective advertising. If you will provide the rhaterial, we will do the rest. Above all, get live stock included. Send Good Photographs to Illustrate Your Descriptions. The first impression, ninety-nine times out of one hundred, is the real and lasting one. In any publication, whether a magazine, news- paper or catalogue farms or anythin- cl i . it is the illustration which first catches the eye of the reader. If the picture is a good one, the attention is held and almost invariably the description which accompanies it will be read. An inferior photograph not only will not attract atten- tion in the first place but in many cases probably will have the effect of detracting from the really good points that may be set forth in the description which accompanies it. SUCCESS SELLING FARMS. 33 Good photographs are absolutely essential to successful advertising of our properties. Not only should the most favorable point be chosen when a picture is being made, but grapher should always the photo strive for the artis- accomplished in a one photographer pears in one of our reproduced here, gives the whole charm that other- almost entirely As a direct contrast. tic effect. This was striking manner by whose work ap- catalogues and is The border of trees photograph a wise would be lacking. we are reprinting here another illustration which appeared in the same catalogue. This photograph shows a barren looking hill with a house perched at its top. It is true that this picture was made during ^ ^ the winter when there was no foli- Uj^**^^ ~^3 age on the and when it would sible to have ob- like the results photograph. We merely to illustrate making the most age on the trees have been impos- tained anything shown in the other reproduce it here the advantage of of conditions when conditions are at their best. In other words, take your photographs when the trees are in full foliage, choose the best point from which to take your picture basing your judgment not only upon the appearance of the buildings themselves but on the natural surroundings. If you cannot get good results yourself, it will be well worth your while to procure the assistance of a professional photographer who will get the results and enable you to place your properties before the buying public at their best. In taking pictures, always select a clear day and when the property is looking at its best; we do not want pictures showing snow heaps or stone walls. If there are any shade trees, try to get them in; they always improve a picture and will help along a sale. Take pictures when the trees are in leaf. Take all pictures with the sun back of the camera. We do not want poor pictures of good buildings nor good pictures of poor buildings. Wear Your Hat. When you have your photograph taken for cut to be used in your personal circular, zuear your hat. This picture should be a good likeness of you as you walk down the station platform to greet your customer. If your customer recognizes you from your photograph it gives him that warm, genial thrill that a familiar face will bring to any stranger V /J 34 SUCCESS SELLING FARMS. in a strange to\vn. If your customer finds on meeting you that you really do look like the picture in the circular, he feels (without conscious reasoning) that everything else is going to be just as it is represented, and he will readily place confidence in you and your representations. High Grade Camera and Case Only $9.50. Agents who have had difficulty in procuring good photographs of farm buildings and surroundings to illus- trate their descriptions in our cata- logues will be interested in the East- man Bull's Eye Camera pictured here- with. An automatic attachment pre- serves the focus under all conditions. The inexpensive little machine makes a fine photograph. The Eastman Com- pany will furnish the camera with leather carrying case for $9.50 and express charges. Or you may order them through our branch offices in your district or our main office in New York, and we will ship them to you, express charges collect, for $9.50. Size of picture 3/4x4^. All Printed Matter Must Bear the Company's Name. Under no circumstances can we permit printed matter of any kind pertaining to our business to be distributed from any of our offices, or by any of our agents, directly or indirectly, which does not bear the name of the Company. The postal department holds that we are re- sponsible for all printed matter distributed through the mails, whether from our offices or those of our agents, and, for this reason alone, it is not only necessary from a business standpoint, but it is an obligation we owe the postal authorities to pass upon all copy before it goes into the hands of the printer, and, in passing on the copy, we desire the name of the E. A. Strout Company to appear so that there will be no misunderstanding on the part of the Company, the agent, the postal department or the general public. In getting out postal cards illustrating or describing properties, per- sonal circulars, special fliers, leaflets, booklets, letterheads, etc., copy must be approved by our New York office, so there will be no chance of the above rule being overlooked. SUCCESS SELLING FARMS. 35 The Forms and Their Uses. A thorough understanding of the various forms for use in the con- duct of your agency is one of the first requisites 'in assuring your success A complete supply of the Forms described on the following pages was forwarded to you on the date this pamphlet was placed in the mails Please read carefully and follow closely the suggestions regarding all these forms. ** FORM No. 115. White Description Blank and Price List Combined. Keep a Supply in Your Pocket. This form is to be used by you in listing properties. It should be h led out by the owners, properly signed and dated. Then you should fiH m carefully the three lines at the head of the first page, your post- office address, state, number of the property, acreage and the selling price, and attach your signature as agent. Please be careful to impress upon owners the importance of each and every question on the Form. Correct answers to all questions are neces- sary, as our circular and newspaper advertisements are written from these descriptions. You should be particularly careful to see that the owner gives his reason for selling, as provided for on the proper line, second page, and also that he fills in the n^ price that he will take clear to himself on the second page. ' It is of no use to list properties at unreasonably high prices and as you are familiar with values in your district you, therefore, should be careful to see that the owner's net price is sufficiently low so that when our commission is added the price will not be above the real value of the property. It costs a great deal of money to advertise and we do not want to advertise properties anywhere unless they are real bargains. Easy Terms Essential. Another important point is to have the owner give, as provided in the blank, the very best terms he will accept. In this connection you must always remember that the smaller the cash payment and the easier the terms for the balance, the less difficult it will be for us to effect a sale of the property. Lines giving itemized statement of the total income last year should be filled out with great care, as should also lines telling of record crops grown on nearby farms. Always get ozvners to include as much personal property as you can as It is much easier for us to get customers for farms where personal property is included than otherwise. ' 36 SUCCESS SELLING FARMS. The Price Agreement. The price agreement on page 4 will require your very best attention. There is nothing in it to which a reasonable owner should object. In taking it up paragraph by paragraph it is not necessary to do very much elaborating. Let the owner raise the objections if he has any. In the first space in this agreement should be placed the lowest net amount the owner will take clear to himself. This price should be the same as on page 2. If Owners Object When You First Start to List. In the beginning you may find that some owners will object to the 10% commission provided for in this agreement. In that event, you may use Form 154 in listing properties until your agency becomes firmly established. By that time when you will have gotten together a good list of properties and have made several sales, owners will have no hesitation whatever in placing their properties in your hands on the regular Form 115. You should never, under any circumstances, alter the agreement on Forms 115 or 154 so as to make our commission less than $100 or 5% if the property is over $2,000. The only clause to which an owner might object is that under which we receive a withdrawal fee in case the property is taken out of our hands before we have effected a sale. You are at liberty, therefore, in the beginning, and where it is absolutely necessary, to reduce the with- drawal fee from 2% to 1%. If the owner will not pay 1% you may make the minimum withdrawal fee $25 by drawing your pen through the words "2% of the price mentioned, which in no case shall be less than " If the owner absolutely declines to pay a withdrawal fee and he is willing to list his property at a price that gives us an oppor- tunity to make a good commission, we are willing for you to cancel the entire withdrawal clause. These alterations may be made only during the early stages of your agency, however. As soon as you are making sales you will have no difficulty in listing properties on withdrawal. Withdrawal Clause Helps You. Owners will leave property in our hands indefinitely when there is a withdrawal fee attached, and for this reason, if for no other, you should use your best efforts to list all properties on withdrawals from the very beginning. It keeps out competition; it protects you for the trouble you have taken in listing the property, and it protects us in the expense we incur in advertising. Please bear in mind when listing properties that you will be entitled to one-quarter of all withdrawal fees collected on properties listed by you. The rest of the agreement explains itself. SUCCESS SELLING FARMS. 37 FORM 154. Yellow Description Blanks. We are sending you with your first lot of supplies only one copy of Form 115. It is not likely that you shall be able to list on this Form m the beginning and we shall be quite satisfied to have you use Form 154 in the early stages of your agency. As soon as you are able to hst successfully on this Form, however, without cutting the agreement you can gradually work into the use of Form 115, and by that time you will realize that it is very greatly to your advantage to use Form iic rather than Form 154. Get Owners, Before It Becomes Illegal, to Reduce Prices. The form of contract we are using gives us considerable latitude in arranging terms and settling the details of a sale, but there is one im- portant point on which we must not go astray. It is a great temptation to an agent, after receiving a deposit on a property, to approach the owner and say, "Mr. Jones, I think I can sell your farm if you will reduce your price $100," aiming thereby to make a larger commission. Don't do this. It is illegal for an agent to get an owner to reduce his net price after having received an offer or deposit on his property unless the owner is given full details of the proposed transfer and is advised of the amount of commission the agent will receive and agrees to the terms. I will cite three examples to make my meaning clear : Suppose you have Jones' farm for sale at $2,000, net, and receive a deposit to bind a trade at $2,000. You then go to Jones and tell him that you can sell his farm if he will take $1,900, net. He agrees to accept that amount and the following day you notify him that his farm is sold This is illegal and an offense punishable both by fine and imprisonment. But if you have an offer of $2,000 on a farm listed at $2,000, net, and take a deposit on it and agree to sell it subject to the owner's ap-' proval, then inform the owner of the exact terms of the offer and get him to accept $1,800, net, to himself. This will give us a commission of $200 (the same as though the property sold for $2,200) and will be a legal transaction. * Another example: If you have a party whom you believe will buy Jones' farm at $2,200 but from whom you have not received a bona fide offer or deposit and you get Jones to re-list his farm at $1,900, and then secure a deposit from your customer, it is a perfectly legal transaction, because you did not have an offer or deposit from your customer at the time you secured a reduction in price. Briefly stated, get the owner to reduce his price and re-list his prop- erty before you agree with the buyer to sell it to him or receive his offer \\ i J f 38 SUCCESS SELLING FARMS. on it. Never get the reduction in price after an offer or deposit has been accepted by you, without explaining to the owner just the amount the property is seUing for, the amount of commission we are to receive, and the price he is to receive, net, for the property, and get his approval to the sale on those terms. It is absolutely essential that at the time of listing a property you get the easiest possible terms from the owner. Have him write on the description blank the smallest amount of cash he will accept at the time of sale and the length of time he will allow the balance to remain on mortgage and the rate of interest which the mortgage will carry. Bear in mind always that the smaller the cash payment, the longer the mort- gage is allowed to run and the lower the rate of interest, the easier it will be for you to effect a sale of that property. FORM 167. Brown Description Blank to Be Retained by Agent. This Form is to be used by you in retaining a copy of the original description (Forms 115 or 154). All original papers should be sent to our nearest offke as soon as signed. You will note that Form 167 does not provide for a copy of the price agreement nor does it give on page 2 the owner's price and terms. You should therefore keep a separate memorandum in a notebook showing the owner's price so that it will not be necessary to refer to the description blank to find out the exact amount of commission to which we may be entitled in case of sale. We want Form 167 as retained by you to contain nothing that would in any way inform a prospective customer of the .amount you may have added to the owner's net price. The only price on the Form, therefore, should be the asking price copied from the original description blank (Forms 115 or 154) in the upper right hand comer, page i. Avoid, as far as possible, allowing a prospect to take in his hands and read for himself the description. What you tell him or read to him will impress him more forcibly than anything he reads himself. Please see that your first description is numbered No. i and con- tinue thereafter in numerical order. All descriptions must be signed, dated and numbered, otherwise they will not be accepted. Always, where possible, descriptions should be accompanied by pictures of the buildings. Unlisted Properties. You should never, if you possibly can avoid it, handle a property that is not properly listed. If you should at any time, however, when you are unable to interest a prospect in any of your listed properties, sell an unlisted place, you should secure from the owner a signed price list. Fill out the description blank and agreement and have the owner sign and date it. Mail this to us with your report of sale. "^ SUCCESS SELLING FARMS. 39 To safeguard our interests, we must alway-j have a signed descrip- tion from the owner of each property we sell. Then, if a purchaser ever claims misrepresentation, we can produce the owner's description to show that our statements were in accordance with his and the purchaser will then hold the owner responsible for damages. If you have no description signed by the owner, the purchaser can hold you responsible. FORM 194. Owner's Agreement with Purchaser. In filling out this Form state clearly and fully the terms and condi- tions of sale. The more completely this agreement is made out the less opportunity there will be for any misunderstanding to arise later on. If there is not room to write in a list of all personal property included, write the list on a separate sheet and attach securely to Form 194. This agreement should be made in duplicate, both copies signed by the buyer and seller or you as agent for seller and one copy kept by each. If the owner is not present when you close the deal, you may sign as his agent, providing you have made the sale according to the agree- ment under which the property was listed on Form 154 or 115. When you do this you should deliver to the owner his copy of the agreement at the earliest possible moment. Always keep a copy of the agreement for your own reference. r-^^r*** io*> FORM 132. Report of Sale. A report on this blank should be mailed to us the same day on which you receive a cash deposit, note or other consideration to bind a sale. Please answer each and every question fully, as all the information asked is necessary in properly keeping our records. FORM 129. "How to Sell a Farm." This book contains many valuable suggestions and you should make it a point to read the same carefully. We mail a copy of it to every owner as soon as description of his property has been received at our ^^^^ FORM 130. "A Few Friendly Facts." This book will help you in introducing us to the owners in your section. Read it carefully; it will help to increase your knowledge of the work we are doing and, at the same time, it will be of valuable assistance to you in listing properties. Many of our new agents mail a copy to each of the owners in their section before calling to see them. In this way it serves as an introduction. Whenever you are in need of a supply, kindly call the same to our attention and your wants 'will be attended to promptly. i! -10 SUCCESS SELLING FARMS. FORM 142. Agent's Monthly Report. Please fill out and send report on this blank to the office in charge of your district at the end of each and every month. It will keep us in close touch with your work and help us to help you. Form 103. Withdrawal Notice. This is to be used in notifying us of any properties withdrawn. It is necessary that our records be kept accurately and up-to-date and we must rely on you to keep us fully informed of any and all changes that may take out of our hands any listed property in your section. Whenever an owner desires to withdraw his property, you should find out from him the reasons therefor, stating the same on the with- drawal notice. If withdrawal is due to the property being sold, the name of the purchaser with address should be given in full. This is important as our customer may buy direct from an owner without your knowledge. We keep on file the names of all parties inquiring for catalogues; all such parties are our customers, and should they buy a listed property direct from the owner, with or without your knowledge, we would have no difficulty in legally collecting full commission from the owner in accordance with the contract. In such case, you would, of course, receive your regular share of the commission thus collected. You therefore will be guarding your own interests in notifying us promptly and fully regarding all withdrawals. FORM 159. White Advertising Blank. This Form should always be used when sending material to our home office for advertisements in the various issues of the general cata- logues and other publications. Read carefully, and observe closely the instructions laid down on the reverse side of this Form. By so doing you will place your section and your properties before prospective buyers in the best possible light and will be assured of the best returns from our advertising. After the required number of descriptions have been carefully written in accordance with these instructions make a memo- randum on the face of Form 159 as provided and send that, together with the descriptions, to your district office. FORM 177. Property Classification List. This Form should be filled out as soon as you have ten properties listed and a copy sent immediately to each of our branch offices and to SUCCESS SELLING FARMS. 41 the New York office; and thereafter a revised report should be fur- nished every sixty days. By means of this classified list the men whose duty it is to interview callers at our various offices have before them at all times the very information they desire regarding your properties, and they thus will be enabled to make instant reference to the original descriptions of these properties which are kept on file in our offices. Through these lists our inside salesmen are enabled to interest prospec- tive customers in many properties that otherwise might be entirely over- looked. It will be to your advantage, therefore, to keep the classifica- tion list up to date at all times. FORM 180. How to Reach Agents. One of the most important things in connection with our business is to see that prospective customers who, through our advertisements, become interested in our properties in any special section, reach the agent in that section when they start out to examine the property that has appealed to them. In many towns our competitors watch all incoming trains in the hope that they may intercept a prospective customer before he reaches our agent. It is to guard against just such trouble that we ask you to fill out Form 180, answering clearly every question. At the same time, make arrangements with the station agent and other persons to give you what assistance they can. From the information given by you on this form we advise prospective visitors to your section how to reach your town and how to reach you after they get there. We do not want to send customers to your town to have them fall into the hands of other agents, and as it will be as much to your advantage as ours to see that they do not, we trust you will fill out this blank promptly and then do your part to see that the customer gets into good hands when he reaches your town in accordance with our instructions. FORM 193. Strout's Produce Price Blank. We are enclosing with this booklet two copies of Form No. 193. Kindly fill out same at your earliest convenience. Send one copy direct to our New York office and the other to the branch office in charge of your district. FORM 185. List of Personal Property. Keep a Supply in Your Pocket. "Personal property included" is one of the strongest features in adver- tising a farm and as some owners will decline to throw in anything at 42 SUCCESS SELLING FARMS. the net price for their property we have prepared this additional Hsting Form for personal property only. This should never be used until after an agent becomes convinced that the personal property cannot be obtained except for a sum in addition to the net price. It should never be offered to an owner to fill out until after the farm itself has been regularly listed, either on Form 115 or Form 154, and then only for the purpose of getting the owner to make a reduced lump price on the personal property therein enumerated. For instance, we will suppose that the owner will put in tools, which he values at $75, machinery $216, stock $425, miscellaneous $81 ; a total of $797. In view of the deterioration of some of these articles as a result of use and the fact that when he sells his farm he will have no further use for them, it is quite possible that the owner might be willing to accept a lump sum of $500 for all. In that event, have him fill in his asking price of $500 in the agreement near the top of the page, then have him affix his signature near the bottom of the sheet, together with the date on which the signature was written. The agent's signature accepting the agreement on behalf of the Company should be attached just before the owner signs and the com- pleted Form should be sent to your district office immediately to be filed with the original description. The agent should retain a copy of this Form in his office for his own reference. FORM 163. Reduction of Price Blanks. This Form will be found valuable on many occasions. Keep a supply in your coat pocket. Particularly in new sections owners frequently list their property at high prices, and often of their own accord at a later date will suggest that the price be reduced to effect a quick sale. For that purpose Form 163 should be used and when the owner's signature is affixed should be sent to this office for filing with the original descrip- tion. This Form also will be found valuable where an owner may complain that his property is not sold in what appears to him to be a reasonable time. The agent can point out to him, in the event of such a complaint being made, that 'his price is probably too high and that if he will revise his asking price on Form 163 there will be a greater likeli- hood of moving it quickly. The Form also may be used, if necessary in increasing the price on a property if, in the agent's judgment, such an increase is justified either by improvements on buildings, increase in the amount of stock, personal property on the farm included in the price, or because of certain local conditions which have caused an increase in land values. Increases should be accepted by the agent, however, only when he feels that they are justified. SUCCESS SELLING FARMS. 43 FORM 190. Agent's Information Blank. Every prospective customer who reaches your town will, by the time he steps from the railroad train, have cost the Company a good many dollars in advertising. He is then in your hands and we are sure that you will do everything you can to interest him in one of your properties to the point where he will become a purchaser. If you are unable to effect a sale, however, after having used your best efforts, you should not dismiss your visitor without some endeavor to retain him as one of the Company's prospective customers. You will have had your chance and done your best and if you have failed you should do everything you can to induce the visitor to call on some of your brother agents or at least to ascertain from him what information you can regarding his real wants and advise the Company accordingly. This information will be passed along to the agents whose sections and properties appear to answer the requirements of the prospect and these men will be given a chance to commence work on him where you left off. At the same time other agents through this information blank will be supplying the Company with information which in turn will be passed along to you and everybody will benefit. This Form should be filled out and mailed to the Company every Saturday or sooner if convenient. FORM 197. License Report. A copy of Form 197, License Report, is included with your first lot of supplies. Please ask the License Clerk in your town to fill out this report and then mail it back to our New York office. We desire to have this form filled out irrespective of whether or not your county or town have any restrictions relative to the operation of foreign real estate companies. FORM 141. Order Blank. Please use this Form in ordering supplies. Always send the same to our nearest office. We cannot promise to fill orders for supplies unless this Form is used. JA 44 SUCCESS SELLING FARMS. The Legal Side. All the contract forms used by the E. A. Strout Company in the con- duct of its business have been tested by the courts in the various states in which we are operating and have been pronounced binding in every instance. The present reading of these contract forms is the result of many years' experience and a great deal of thought and study not only on our own part but on the part of attorneys in many states who have been called into consultation in the preparation of the various forms. As they now stand, not only the Company and its agent but the prop- erty owner with whom the Company and the agent deal, are fully pro- tected in their rights when these forms are properly filled out and signed. The only purpose of this brief article is to show you that not only do these contract forms make the conduct of your agency safer and your profits more secure but in every instance the properly prepared contract will facilitate and make easier the work you will have to do. The Dishonest Owner. As an instance, you may take the regular Hsting Forms, Nos. 115 and 154. Under the laws of some states, the agent is not permitted to handle a property or to offer a property for sale unless there is a written agree- ment or contract similar to one of these Forms between the agent and the owner. In other states, however, there may be an oral agreement between the agent and the owner under which a sale may be made, the owner to receive the full amount paid by the buyer, the agent to look to the owner for his commission in effecting the sale. Naturally, there being no written agreement, it is purely a case of honor as far as the owner is concerned and he may or may not carry out the oral agreement, just as he sees fit. Inasmuch as the majority of men are honest, it is natural that the majority of these oral contracts are fulfilled but it is just as certain that a dishonest owner will try in every way to evade payment and the result will be a percentage of loss which neither you nor the Company can afford to carry. Protect Yourself. The only safe and businesslike manner of conducting a real estate business, or any other undertaking, is along proper, businesslike lines. The first essential in this connection is the contract, particularly in the business in which we are engaged. Not only does the contract protect you in cases where you, through your own efforts, effect a sale by bringing about an agreement between the owner and the buyer produced by you but also protects you and assures us of our commission, when we can SUCCESS SELLING FARMS show that we have interested a prospective buyer in the property, even if the sale itself is made direct by the owner to this prospect when our agent IS not present and even when he has no immediate knowledge of the transaction. *" Owners Must Pay Commission. This point was recently finally passed upon by the Supreme Court of .he State of Mame in the case of E. A. Strout Company vs. Leslie Hub- bard. In 1906, Hubbard, an owner, sold his farm to a customer to whom the property was recommended by our agent. When we learned of the .■^ale, we made a demand on Mr. Hubbard for $200, the amount to which we were entitled according to agreement. He refused to pay and contested our claim through several courts. In the end we were sustained on every point and Hubbard was directed by the Court not only to pay our full commission but to pay all costs of the court as well. By this final decision Hubbard was forced to pay more than $800 as a result of trying to evade payment of a $200 commission rightfully due. Had this property not been listed on one of our regular contract forms we would have had no redress whatsoever and the agent and Company would have been forced to swallow their loss of the commission without protest. Contract Holds after Witlidrawal. Another decision, sustaining another section of this contract, which also IS of great interest to the Company and its agents, was handed down by Justice Speer of the Supreme Judicial Court sitting in the County of Frankhn, Maine, in 1907. Andie S. Wilson, of Wilton, Franklin County Maine, had listed his farm on one of our general contract forms and our agent in that section had shown the property to a number of prospective customers, among them Eugene G. Tufts. No sale was efl^ected, but dur- ing the month of April, 1908, Wilson withdrew his property from the Company s hands. A few days later, however, he sold the property to Tufts, whereupon the Company through its agent made a demand upon Wilson for the full amount of commission due. He contested on the ground that the property had been withdrawn from our hands at the time of sale, but when the case had been taken to Court that section of our con- tract which provided for just such a contingency was sustained bv the Court and Wilson was directed to make a settlement of our claim in full minus the amount which had already been paid by Wilson as with- drawal fee. When the Owner Refuses to Sell. Another portion of this contract recently passed upon by the Court is that section which provides that "if a party ready, able and willing to purchase said property upon my terms, as stated herein, is procured by you or your agent, directly or indirectly, I will pay to you or your order forth- 46 SUCCESS SELLING FARMS. SUCCESS SELLING FARMS. 47 with, as commission, an amount equal to the difference between $ , herein referred to as the net price, and such price as said purchaser shall agree to pay for the above described property, except that in no case shall your commission be less than $ioo, nor, if the selling price exceeds $2,000, less than 5% (or 10%) of the same." The property of Byron G. Quimby, of Richmond, Maine, had been listed with the E. A. Strout Company at a net price of $1,400, the Com- pany to have as its commission all in excess of $1,400. When the Com- pany produced a customer willing and able to buy the place, Quimby refused to accept less than $1,700, claiming that he had previously noti- fied an agent of the Company that the property was withdrawn from sale at the original price. The Court, however, sustained the contention of the Company that it had performed its duty in connection with the contract and returned a verdict in favor of the Company for the full amount with interest. A Buyer Held for Commission. Not only does the contract protect the agent and the Company in the event of failure of the owner to carry out his part of the agreement but also where the buyer fails to observe the Company's rights. This point was tried out and a decision recently rendered in the Appellate Division of the Supreme Court of the State of New York in the case of Friedman vs. Bitker. This case was based upon the sale of properties in New York City. It appeared from the testimony that the properties were offered to Bitker and Rosenblum by the plaintiff, Samuel S. Friedman, with the authority of the owner, a Dr. Miller, for $90,000. Failing to get Friedman to any splitting of the commission, the prospective buyers asked him to disclose the identity and whereabouts of the owner with the promise, according to Friedman, to protect him fully and to pay him the full commission in the event of their direct negotiations for the property proving successful. Soon after, the defendants bought the property for $90,000 through one Rosenberg, representing to the seller that they had never known Friedman in con- nection with the properties. At the trial, judgment for the full commission with interest was awarded Friedman and against the buyers, and this judgment was later sustained when carried to the Appellate Division of the Supreme Court. Value of the Withdrawal Clause Recognized. As already explained, the withdrawal clause is an essential feature of the contract or, in fact, any contract having to do with the sale of real estate by a broker. Not only does it serve to keep the listed property in our hands for a considerably longer time than it might otherwise remain but it also restrains owners from unduly increasing their net price after properties have been widely advertised and shown by agents, and also from withdrawing them from our hands at about the time a sale could be effected. The fairness of the withdrawal clause, both from the standpoint of the Company and the owner, cannot be doubted. That its propriety and fairness are recognized by the judicial authorities is proven by the fact that it has been sustained by the Courts many times where it has been found necessary to bring suit to enforce payment. Following is an article clipped from the September 21, 1908, issue of the Kennebec Journal: "In the Kennebec Superior Court Saturday morning the case of E. A. Strout Company vs. Daisy E. Gay was called for trial. This was an action in assumption to recover the sum of $50, alleged to be due the plaintiff for listing defendant's property, a series of sporting camps situ- ated in Farmington. "The property was placed in the agency October 21, 1905, and with- drawn October 28, 1907, by the defendant. The defendant claimed that the terms of the contract were not carried out; to her knowledge the property had not been advertised, nor had she had any calls for the property. "The jury returned a verdict for the E. A. Strout Company of $50 and interest from the date of the writ. Williamson & Burleigh, Augusta, for the plaintiff; Fogg & Clifford, Portland, for the defendant." E. A. Strout Company Won. A suit brought by the E. A. Strout Company against John Virono to recover on a written contract was heard before Recorder Browne and a jury this morning. Virono had signed an agreement with the E. A. Strout Company promising to pay them a fee if he withdrew the property from their hands before they had sold it. He refused to pay; hence the suit. The jury in a few minutes decided in favor of the Strout Company. Revised reprint from the "Vineland, N. /., Daily Republican/' Friday, October 11, igoy. The Law Governing Principal and Agent. Important Rules of Law Which Should Be Carefully Studied and Ex- plicitly Followed by Agents of the E. A. Strout Company in Order to Avoid Heavy Penalties. It is important that you note very carefully and read frequently the following statement of the law governing your actions as a Real Estate Broker for this Company. Give careful attention to this and you need 48 SUCCESS SELLING FARMS. SUCCESS SELLING FARMS: have no fear of criminal prosecution, and will avoid expensive errors and liability on your part both to the owners and purchasers of Real Estate, and to this Company. As a Real Estate Broker you come under the general class known as agents. Representing the Strout Company, you are agent for the owner of the real estate you are trying to sell, and at the same time you are in relation to this Company its agent. The law of Principal and Agent applies to all your dealings. The first, all important and universal requisite of an agent is that he use the utmost good faith and honesty in dealing with his principal. In other lines of business, some transaction on the border line between what is ^'strictly business" and what is dishonest, are not within reach of the law, either civilly or criminally. But the law of Principal and Agent is peculiar and different. The ethics of a horse trade do not apply. When a Court considers relations arising out of this relation, it is particularly anxious to look at the substance of the transaction, and no juggling of dates and figures, or hair-splitting of words, will serve to blind it to the real nature of the transiaction. Any violation of this general rule may result in a .criminal indictment and conviction, and also heavy damages including a forfeiture of your commission. You cannot act as agent for both the seller and the buyer. You are agent for the seller and you can receive no compensation from the buyer in the same transaction. A violation of this rule is in law a misrepresenta- tion and means forfeiture of your commission and profits. In no case can you buy for yourself and us property listed with us at a price less than that named by the owner as net to him, without first dis- closing to him every offer you may have received from a prospective buyer for his property, and every fact that might influence his judgment. By doing this you subject yourself to liability for damages in an amount equal to the difference between the price you paid and the best offer you had received but previously unknown to him. Avoid Claims for Damages. You must accurately describe farms when listing them. You are not protected in relying on statements of owners. If any facts are mis- represented in your description you are personally liable to the buyer for all damages he may suffer, such as moving expenses if he comes from a distance and finds the farm not as represented. In making contracts as agent for others, where the owner and principal cannot sign, always sign the name of your principal by yourself as agent. Do not sign yourself "John Jones, Agent for Frank Smith," for such a signature binds you personally to the contract and may not bind Frank Smith. Sign, "Frank Smith, by John Jones, Agent." 49 I In listing have record owner sign the contract, if possible. Do not allow person listing property to sign, "John Jones, Agent," or "John Jones, Executor." In the former case have the principal (the owner of the property), sign, if possible, otherwise have his agent sign the name of his principal, by himself as agent. In the latter case have the executor sign "Estate of Frank Smith, by John Jones, Executor." If one, not the record owner, signs a listing contract, inquire as to his authority to bind the owner and report to us as to that. Keep a Good Diary. Keep a careful record or diary of transactions including dates, when, and names and addresses of parties to whom property is shown. Keep copies of your letters. If you write by hand use an indelible pencil with carbon paper. Careful attention to these details will enable us to recover commissions in many doubtful cases. Sales have been made by owners direct to our customers five and six years after the property was shown by our agent. Hence the importance of keeping a diary record of every visitor. List all contracts in writing on our forms. In many states the law prohibits recovery of broker's commission where listing was oral. In many states it is extremely difficult and generally impossible to collect commis- sions where the owner has not signed a contract. A written listing fixes beyond doubt the amount of compensation, the terms, and makes the owners accurate in representations as to condition of their farms. It protects you in collecting commission and from charges of misrepresenta- tion and avoids trouble with the buyer. Do not alter contracts except by writings endorsed on them and signed by the owner and by this Company. Do Not Mix Funds. Do not mix the funds of this Company or others with your own. Money received that belongs to the seller should be deposited specially for his benefit. Whatever portion is our commission must be forwarded to us at once. Any commingling of funds of owners or of this Company with your own, or retaining or depositing the same in your name is a breach of trust, and makes you personally liable to the owner or to us. Money received by you as commission, withdrawal fees or forfeiture is our property, you having a claim to your share after we have received the full amount. If you retain this for your own use or neglect to remit immediately you are guilty of embezzlement. Agent's Liability. Many infractions of the above rules may impose liabilities on this Com- pany, but whether or not we become liable you are personally liable to owners and buyers for such infractions. Any fraud or concealment may w so SUCCESS SELLING FARMS. mean criminal indictment and conviction, a loss of all your commission or profits, and possibly heavy damages in addition. And whenever we may be held for any wrong done by our agent we at once bring suit against him for the amount we are obliged to pay together with costs and our at- torney's fees, which amounts we are entitled to recover in any state. U. S. Postal Laws. Any misstatement, fraud or misrepresentation by you to buyer or seller by mail may result in criminal prosecution by the Federal Govern- ment for wrongful use of the mails. This law is particularly severe and punishes the sender of mail matter calculated to defraud whether by mis- representation of existing facts or suggestions or promises as to the future. The penalty for such misuse of the mail is one year in a federal prison and $500.00 fine, and the government is a relentless prosecutor of postal law breakers. We wish to save our agents the liability for damage to either our customers or ourselves, and have employed an attorney to formulate these rules for your guidance. They are simple. Those agents who conscien- tiously follow them will find their connection with this Company pleasant and profitable. Those who do not will be promptly and vigorously prosecuted. Report Sales Promptly. The attention of our attorneys having been called to the position of an agent who had failed to report a collection, they wrote us in reply a letter from which we take the liberty of quoting as follows : "An agent of a corporation who appropriates to his own use any money or substitutes for money received by him as such agent, or refuses or neglects to pay over or deliver the same to the party who should receive it, within thirty days after demand therefor, is guilty of larceny." In the contract under which you are acting as our agent, we promise to pay you as commission a certain percentage of the gross commission. This promise to pay is on our part and is not a promise on your part to pay us. We therefore take this opportunity of reminding you of this part of the contract and so that there will be no misunderstanding you will please keep in mind the following rule to be applied in all cases where moneys are collected by you, either in settlement of commissions, forfeitures or with- drawal fees : All moneys, checks, drafts, notes or property collected or re- ceived for commissions, forfeits, withdrawal fees or profits in real or personal property sold, belong solely to the E. A. Strout Com- pany. The agents of the E. A. Strout Company shall keep the same separate and distinct from the property of himself or from every SUCCESS SELLING FARMS. 51 other person and shall within five days after their receipt by him, remit the same, less the part to which he is entitled, to the E. A. Strout Company. Our attorneys further write us as follows : "An agent who refuses or neglects to turn over moneys collected with- in a reasonable length of time after payment, could be convicted on a criminal charge." There is little more to be said. We have made it plain that we desire honesty above all things. All we want is the share of the commissions, forfeits, withdrawal fees, etc. to which we are entitled. But we do want that and we propose to get it even if we have to invoke the aid of the criminal law. We have no desire to seek the aid of the law in securing for us our rights but there are times when patience ceases to be a virtue and when it becomes necessary in order to protect our own interests to take legal steps. We do not want anything to do with dishonest men or with agents that are inclined to hold on to dollars not belonging to them, and who know that in so doing they are performing the act of theft. Our Duties and Yours. Getting customers to you is our end of the business. Your part is to show these customers about and endeavor to make sales. If you are not successful in selling a man, you must not tell him that he must pay for the team which you used to show him the property. The free use of teams is part of your expense and we advertise in our catalogues that customers can see these farms free of expense. It would be just as sensible for us to say to the man who did not buy : "Here, we spent $50 to advertise that farm you went to see and now, if you don't buy it, you must stand that $50." Use your own team to show these cus- tomers about and never ask a customer to pay a cent for team hire. That is practically your only expense in connection with the business, and you should stand it willingly. Always report sales on the regular brown sale blanks properly filled in. Report the sale the same day a binder of any kind is received either by you or the owner. Forward to the New York office commissions or withdrawal fees the same day you receive payment. In sending money, write a check for each commission, withdrawal fee or forfeiture. On your check, write the number of the property and also enter this number on the stub in your check book. Never send a check on account. Always make it clear just what property each check is on and do not draw one check covering two properties. Make all checks payable to E. A. Strout Company. 52 SUCCESS SELLING FARMS. Why a List of 25 Properties Is Necessary. I want to call to your attention once more, and impress idelibly upon you, that it is absolutely necessary for you to get together at once a list of not less than twenty-five properties. Your success as an agent depends upon doing that at once. Many years' experience has shown us time and time again that it is useless to send customers to an agent before he has at least twenty-five properties listed for sale. This is so for the reason that very few customers purchase the property they first go to examine. A man will go to see a i8o-acre farm at $3,000 and you may sell him a one-acre village home at $1,200. Another may call on you to see a farm for $1,800 and finally buy and pay cash for an $11,000 farm. A woman will rush out to see a farm you have at $600 and turn around the same day and purchase from you a $6,000 place. The above incidents are FACTS. They happened, and they hap- pened to me. Therefore, when you have listed ten or a dozen places don't sit down and wait for us to send you customers. If you can't list, you can't sell. If you can't list twenty-five properties you made a mistake when you thought you had all the requirements necessary to become a successful Real Estate Agent. The Withdrawal Fee. We collect the withdrawal fees from the New York office as we find that we can do this with less friction than can the local agent. You should notify us promptly when a property is withdrawn and we will do our best to collect the amount due under the contract. When we have satisfied ourselves that we cannot collect we will turn the bill over to our attorneys. In many cases where agents have neglected to notify us that certain properties had been withdrawn and had tried to make the collection of the withdrawal fees themselves, the owner of the withdrawn property has moved away, leaving no address, and we therefore lost the oppK)r- tunity of even trying to collect the amount due. When requesting us to bill for a withdrawal fee or at any time when you have occasion to make mention of a certain property, always give the name of the owner and the number of acres as well as the number of the property. This provides an eflfective check on errors which should be avoided at any cost. In some cases a great deal of unpleasantness has been caused as a result of the agent giving us the wrong number in requesting us to bill withdrawal fees. We follow these bills up very closely, and in case of an error when properties in reality have not been withdrawn, owners sometimes are highly offended upon receiving a bill SUCCESS SELLING FARMS. 53 for withdrawal fee. At the same time, it means a great deal of un- necessary work and annoyance for all concerned. Court Upholds Withdrawal Fee. A verdict for $155.25 in full payment of a withdrawal fee of three per cent, was returned on March 9, 1910, by a New Jersey jury in the case of A. W. Dresser, a Burlington real estate dealer, against CliflPord L. Engle of Jacksonville. Dresser had listed a property owned by Engle on a withdrawal fee contract and later Engle disposed of the farm to a customer of his own finding. Dresser's contract called for a withdrawal fee of three per cent. The property was sold for $5,175. His claim therefore amounted to $155-25. Engle did not deny that he had entered into a written agreement with Dresser. Dresser's contract also contained a clause requiring Engle to give 30 days' notice in writing to Dresser in case he, Engle, should desire to take the property out of Dresser's hands. Engle claimed that he with- drew his property verbally and that having given the notice he was not obliged to pay the withdrawal fee. Dresser claimed that he had been to considerable expense in adver- tising the farm, which in all probability brought the attention of the purchaser to the fact that the farm was for sale. He was correct in claiming that it was not a case of getting something for nothing, but that unless he was protected fully on the provision of the contract as entered into, he could not continue in business and pay advertising bills and other expenses which are absolutely necessary in the sale of real estate; that in this case it was a matter of getting back money already paid out in advertising and for contingent expenses incident to the efforts he had made in trying to sell the farm. The jury returned a verdict in favor of Dresser for the full amount asked. Numerous decisions of this nature uphold the legality of the with- drawal fee clause in the contract. In listing property agents should be careful to see that owners understand the different provisions of the contract so that there will be no grounds for misrepresentation. From a legal standpoint we are not called upon to prove that the signer of a con- tract understood the nature of what he was signing. The man who signs a contract assumes all responsibility. From the standpoint, however, of policy it is always best to have owners understand the contracts they sign so as to avoid any misunderstanding. In listing property always be sure and get the owner of record to sign the contract. Carefulness in filling out description blanks will save a great deal of trouble and expense in cases where owners of listed properties refuse to pay withdrawal fees or commissions. 1 54 SUCCESS SELLING FARMS. Refer Inquiries to New York OfRce. When anyone who has property listed with us for sale complains to you about paying the withdrawal fee, or because the sale of their property has not been made, and they inquire regarding the amount of advertising that has been done on their place, always tell them that such matters are handled from the New York office and that they will please write there for the information they desire. This will insure a quick and satisfactory reply to the owner and at the same time prevent any antagonism between you and him. Should an owner complain that we have not brought him a customer, it would be well for you at that time to suggest that he make easier terms, drop his price a little and throw in some personal property. Tell him that everybody who has called upon you to see property has been looking for a big bargain. Don't forget that the lower the price is, the smaller the first payment, the easier the terms on the remainder and the more "personal property included/' the easier it is to make a sale. Legal Expenses Connected with the Collection of Commissions and Withdrawal Fees. When it is necessary to employ legal services in order to collect with- drawal fees and commissions, the charges for such services will be deducted from the gross amount collected before the division is made between the Company and the agent. In both cases, however, we always make an arrangement with our attorney — so that, in case of failure, we have to pay only actual court expenses. We have very little trouble in collecting commissions in cases where the owners acknowledge the correctness of our claim. We have in a few cases, however, been compelled to bring suit in order to collect commissions where owners had sold direct to our cus- tomers and refused to recognize us in the sale. In a case of this kind, it is always advisable for the agent to place the entire matter in the hands of a good local attorney with the understanding that in the event of success he is to receive as his fee ten per cent, of the amount col- lected, the agent and the Company to pay only actual court expenses in case of failure. In matters of this kind, it is necessary to move quickly. Oftentimes by placing such claims in your local lawyer's hands imme- diately the farm can be attached before the tricky owner has deeded it. An owner who would endeavor to close up a deal with one of our customers without notifying us, would at the same time try in every possible way to avoid paying us our commission. Therefore, watch carefully every real estate transaction taking place in your sections, par- ticularly transactions affecting properties listed for sale in our Company. SUCCESS SELLING FARMS. DD What Constitutes a Withdrawal. Read carefully explanations of Forms 115 and 154 on pages 35 and Zy, and also an explanation of "Withdrawal Fee of E. A. Strout Com- pany," by Williamson & Burleigh, Attorneys-at-Law, below. If any owner sells his property direct without our assistance or through some other agent, our withdrawal fee is due. For in order to make such a sale he is obliged to withdraw it from our hands. If an owner decides that he does not care to sell or advances his price without our local agent's approval, it constitutes a withdrawal and our fee be- comes due. In many cases where an owner wishes to advance his price it is for the reason that he does not wish to sell. The owner thinks that if he puts his price up high enough we cannot sell the property anyway, and he believes in this way he can beat us out of our just withdrawal fee. An advance in price is a withdrawal. Don't let the owner hoodwink you. When a property is taken off the market because of the death of the owner or loss of the buildings by fire, there is sometimes a question as to whether it has been withdrawn or not, but in general our fee is recognized as a just debt against the estate and is paid by the admin- istrator. Thus it is evident that anything that deprives us of the opportunity of selling the property as it was listed may be considered a withdrawal. Read all clauses of each form you are using and if there are any phrases you do not understand, write us at once for a full explanation. As so many owners and buyers depend so implicitly on the agents' ex- planation of our terms and methods, it is of the utmost importance that every agent understand thoroughly each clause or phrase of every form we use. The Withdrawal Fee of the E. A. Strout Company By Williamson & Burleigh, Attorneys.at-Law, Ausrusta, Maine. Nearly every real estate agency requires its patrons to make a small initial payment which will reimburse them for the cost of listing and for expenses incurred in case a sale is not made. Many agencies also require that a listed property shall be left with them exclusively, and that it shall remain in their hands a definite length of time. From the first the E. A. Strout Company adopted a different and more liberal principle. It has never required any payment from its clients so long as their property remained in their hands for sale. ( Pro- vision has been made, however, that while parties might leave their properties in the hands of the agency as long as they wished, without charge, but in case they saw fit to withdraw such properties they should pay a small fee for the privilege.) It has never required an exclusive right of sale, but by allowing owners not only to make sales themselves 56 SUCCESS SELLING FARMS. and to place the property in the hands of other agents, it has welcomed competition. In 95% of the cases where property has been placed with the Strout Company and with other agents and in which sales have been made at all, such sales have been effected by the Strout Company. So far as we know, the fairness or legality of this withdrawal fee has never been questioned by parties at the time they entered into the contract with the E. A. Strout Company. A contract which would provide for a withdrawal without any fee would be beneficial neither to the owner nor to the agent. No commission merchant dealing in any kind of a commodity could undertake to advertise and sell it if it might be withdrawn from his hands at any moment without compensa- tion. If such a privilege existed, parties owning property would fre- quently withdraw it, merely out of caprice, and perhaps just before a sale was about to be effected. In this case the agency would receive no remuneration, no matter how much expense it had been put to. The withdrawal fee is also a check upon the listing of undesirable places, and of desirable places at extraordinarily high prices. As the stock market becomes clogged with "undigested securities," so would the agency become filled with "undigested farms," which by their unsalability, would not only use the advertising space, time and money of the agency fruit- lessly, but, like decayed fruit, would injure the sale of other properties advertised with them, and eventually spoil the reputation of the agency. The refusal of the owner to agree to pay a fee in case of withdrawal indicates on his part either an instability of purpose or a knowledge that his property is unsalable at the price quoted. In either case, he is not a desirable client. In many instances the payment of a withdrawal fee is a very small compensation for time, trouble and expenditure involved in attempts to sell the property which is sometimes withdrawn just before these efforts seem about to be crowned with success. Nothing is more discouraging to a real estate agent than to be obliged to tell a prospective customer that the place in which he has become interested is no longer for sale. .In such cases as these it has sometimes become necessary to collect the withdrawal fee by suit at law. Almost invariably, on suit being brought, the opposing attorneys have stated that they should defend on the ground of no consideration, claiming that the withdrawal fee could not be legally collected. As invariably, when the day of trial approached, they have receded from this position and acknowledged the justice of the E. A. Strout Company's claim. Inasmuch as the question had frequently been raised in this manner the Company was anxious that it should be definitely decided and this has now been done. In 1908 the Company brought suit against a person in Maine for a withdrawal fee. The property in this case was of a SUCCESS SELLING FARMS. 57 class not very salable and the price placed upon it was large. It did not sell and the owner, after two years, withdrew it and refused to pay the withdrawal fee. Suit was brought upon it in the courts of Maine and the jury decided by their verdict that the defendant must pay. Subsequently, the Law Court decided that the contract is a valid one and that listing was a sufficient consideration for a promise to pay the withdrawal fee. As this decision is in conformity with opinions which the Company has previously received from the attorneys in the various states in which it does business and as in no case but this has the right to collect the withdrawal fee ever been contested by any other attorney, we feel fully satisfied that the courts of all states will decide this question favorably to us, should occasion ever arise for its construction by them. Court Sustains Agent's Claim for Big Commission. Value of "Net Price" Clause Shown. The great advantage of listing property only at a net price, from the agent's point of view, was strikingly shown recently when a jury sitting in the Connecticut Superior Court brought in a verdict awarding Marshall P. Richards of New York City, a real estate agent, the sum of $3450, the full amount for which he asked, against Herbert D. Whit- ney of New Canaan. The defendant had a farm in New Canaan that he desired to sell, and so he entered into an agreement with the plaintiff that all over $10,000 he received for the place he could have for his commission (the same provision as is made in our Forms 115 and 154). Mr. Richards did get a customer, who finally agreed to give Mr. Rich- ards $13,000 for the farm. But Mr. Richards was sticking out for $500 more, and it was when they were dickering and the customer had decided to give it up that Mr. Whitney came forward and sold it himself. Real Estate Agent Richards said that the difference between $10,000 and $13,000 was his commission and that he would have sold for $13,000 anyway when he saw that he could not get any more, but he acted as all real estate agents act under a like circumstance. The defense was that Mr. Richards lingered so long that he would have lost the sale anyway, so Mr. Whitney, in order not to lose, stepped in and settled the whole matter. The jury, however, held that Mr. Richard's contract, with the net price provision, entitled him to full commission, and they consequently awarded him $3,450, — the full commission with costs added. 58 SUCCESS SELLING FARMS. COPYRIGHT LAW. Do Not Cut Photographs. The copyright law of the United States, which became effective July I, 1909, provides a very heavy penalty for infringement of copyright. Should we use in our catalogues without proper authority a copy- righted photograph, we would be liable to the owner of the copyright to the extent of one dollar for every catalogue printed. The law permits no defense. It is therefore of the utmost importance that you do not cut photo- graphs, for by so doing you might remove copyright marks. Send all photographs to our offices just as received by you. How One Agent Made Good. I have had an agent go out afoot in midwinter over the bleak hills in low shoes and a derby hat in a part of New England where the wind cuts like a mother-in-law's tongue and the thermometer plays tag between zero and 30 degrees below for weeks, in the days when the name of Strout connected with the selling of farms meant nothing. That agent listed his twenty-five farms in a few days. At the same time, other agents were sitting close to the stoves spending hours writing us excuses explaining why they were not then listing and bragging about what they were going to do later. They never have done anything and were laid away long ago in the Company's grave-yard. The other agent has made good with us. He has money enough now that he can buy his shoes and hats by the carload, if he wants to. He is only one of several score who have made good and made good money with us. There is just one word that defines success. It is a short word and it is easily understood. It is WORK. If it isn't in your dictionary, quit right now. If you and WORK are old chums, shake hands, get busy and you and I will make money together. E. A. STROUT, President. SUCCESS SELLING FARMS. 59 Be " Square '\ Never misrepresent anything to a prospective customer. We do not allow and will not tolerate misrepresentation on the part of anyone connected with the E. A. Strout Com- pany. If you can't do business " on the square '* and above- board, you are wasting your time and ours in attempting to make a permanent alliance with this Company. Treat the other fellow as you would want him to treat you if you were in his place. This is an easy rule to remember and it will make easy dollars for you. 6o SUCCESS SliLLIiVG FARMS. Be a Booster! Boom your own section all the time. Everything has its good points. Find out all the good points about your district and your properties and make it your duty to see that everybody else hears about them. Think out those facts you would wish to know regard- ing a new section, were you thinking of moving there your- self. Post yourself on these facts regarding your own sec- tion. Talk and write them to your prospects. Be a Booster ! SUCCESS SELLING FARMS. 61 INDEX OF CONTENTS. Advertising; p^e^ Use Form 159 40 How to prepare advertising ma- terial 25-33 Observe copyright law 58 Send good photographs 32 Send good crop stories 31 Send good dollar talks 29 Choose low-price properties 3 Include personal property 3 Easy terms 4 Make yourself known . ". 19 How to do it 20 Posting signs 19 Your competitors 22 Write descriptions carefully 30 Advertisements that bring the dol- lars 31 Dollar talks 29 Special features 28 Live stock a drawing card 28 What to select 27 Never advertise unlisted proper- ties 38 How to reach agents 41 Agents information blank (Form 190) 43 Commissions; Avoid word "commissions" 14 Keep diary of dates and names. . . 49 To whom paid I6 When paid is Remit Company's share promptly. 16 How to insure collection 16 When owner must pay 45 When buyer must pay * 46 Agent's claim sustained 57 Correspondence; Use your own name 5 Never describe more than two farms 9 What the prospective customer wants to know — Aids in cor- respondence 9 Value of promptness 5 Letters that sell farms 6 "Night Letters" by telegraph 7 Special delivery letters and tele- grams 8 Small photographs an aid in sell- ing 6 When advertised properties have been sold 17 Free Fare Bond; Pay only one way. PAGE . 25 Forms and Their Uses; White listing blank (Form 115).. . 35 Yellow listing blank (Form 154).. 37 Brown descriptive blank (Form 167) 38 Sales agreement (Form 194) 39 Report of sale (Form 132) 39 How to sell a farm (Form 129) ... 39 A few friendly facts (Form 130). . 39 Agents' monthly report (Form 142) 40 Withdrawal notice (Form 103)... 40 Advertising blank (Form 159) 40 Property classification (Form 177) 40 How to reach agents (Form 180).. 41 Strout's produce blank (Form 193) 41 Personal property list (Form 185) 41 Reduction of price blanks (Form 163) 42 Agent's information blank (Form 190) 43 License report (Form 197) 43 Order blank (Form 141) 43 Insurance; Have policies transferred promptly at time of sale 18 How transfer is made 19 Listing; A silent helper 21 Make yourself known 19-22 Do not handle unlisted properties. 38 Always use forms in listing 49 A few friendly facts (Form 130). . 39 Inspect properties thoroughly 16 Accuracy in descriptions 48 List low-price properties 22 Get low net prices 23 Get easiest terms 4 Have personal property included. . 3 Call listing blanks "price list"... 5 If owners object gg How to induce owners to sign. ... 5 When to relist at lower prices. ... 37 Value of agent's copy (Form 167) 4 How one agent made good 58 62 SUCCESS SELLING FARMS. INDEX OF CONTENTS- Continued. Legal Side, The; PACK Agent's liability 49 Protect yourself 44 Law governing principal and agent 47 Report sales promptly 50 Do not mix funds 49 Postal laws 50 Keep diary of dates and names. . . 49 Accuracy in descriptions 48 Avoid claims for damages 48 Observe copyright law 58 Dishonest owners 44 Contract holds after withdrawal. . 45 When owners refuse to sell 45 Owners must pay commissions... 45 When buyer must pay commission 46 Printed Matter; Must bear Company's name 34 Copy must be approved 34 Send check with order 25 Photographs; How to get good ones 33 Their value in advertising farms., 33 Photographs for personal circulars 33 Good camera for $9.50 34 Supplies; PAGE Special supplies 25 Use Form 141 43 Send check with order 25 18 19 19 22 22 25 When Sale is Made; Have insurance transferred Notify owner to prepare deed... Have tax receipt ready "Sold by E. A. Strout Company". Announce in local papers Pay Railroad fare only one way. When Your Customer Comes; Meet him at the train 9 Take him to your home 10 Keep him away from other agents 10 If property he came to see has been sold 17 Keep buyer and seller apart 24 Accompany customer to train when he leaves 10 Courteous treatment pays 10 When you should send prospects to other agents 10 Use Form 190 43 Do not aid competitors 11 An experienced agent's advice. ... 24 Selling; Know your goods 16 Do not show all your properties.. . 23 How a sale was lost 24 Avoid making price 12 Avoid the word "commission" 14 A good selling argument 13 Withdrawal; When terms must be adjusted, 18 When owner refuses to sell 45 When and how to bind the trade. . 14 The first deposit — to whom paid. . 16 Form 194 — Sales agreement 39 Formal agreement of sale impor- tant 15 Report sales on Form 132 39 Report sales promptly 50 Remit Company's share at once. . . 16 When advertised properties have been sold 17 What it is 55 How collected 52 Why it helps you 36 What constitutes a withdrawal... 55 Notify promptly when owner withdraws property 40 May mean full commission to you 40 Refer inquiries to New York office 54 Contract holds after withdrawal.. 45 Cburt decisions sustain with- drawal 46 and 53 Expenses 53 'i (^ ^c «y /'^ ^d COLUMBIA UNIVERSITY LIBRARIES HUH H I II II II 0044245637 Strout Success selling faz*Bis W / APR /n$H c5uet> NEH 9AN 1 2m5 k APR 23 1931 MAY281i: END OF TITLE