Elsewhere in this bulletin you will read about the legislation which your Real Estate Licensing Board would like to see enacted in this session of the General Assembly. A lot of time and study have been devoted to developing these proposed changes in the law. They are for the betterment of the profession. We earnestly solicit your endorsement and ask that each licensee contact his representatives to ask that they support the program.

At the meetings of the Licensing Board we find that a large majority of the complaints come from generally poor record keeping, mishandling of trust funds, and the failure to keep an escrow account. Many times the trouble comes from verbal "understandings" rather than written records to support real estate transactions. These frequently result in serious charges. Proper and correct accounting is mandatory in the real estate profession. The Board is charged with seeing that this Is done in its role of protecting the public.

J. W. Olive