Thursday June 21,1979
Page 6 — Vernonia Freedom
Technical Perfomance of
What's the score?
The softball and little league seasons
are upon us and Freedom would like to
keep up with the scores. In order to do
this we would like to have the
scorekeepers for the winning teams to call
the Freedom office on Fridays or
Thursdays, and give us the scores for
your games. We would like the scores on
all softball, little-league and T-ball games.
If the scorekeepers could do this much we
will be able to keep a running tab on the
standings plus give the complete scores
for every game.
SOFTBALL STANDINGS
(up through June 14)
HOLCE LOGGING................ 3-1
VERNONIA AUTO PARTS............. 3-1
F & E LOGGING...............................3-1
OUT HOUSE GANG........................ 2-1
LEW’S PLACE...................
2—1
ELDERBERRY INN........................2-2
MIKE’S............................................ 2-2
VERNONIA JAYCEES....... ......0-3
PINE CONE.........................
0-4
May Fire Report
HOUSE FIRES............................................... ...2
CHIMNEY FIRES................................................. 2
AMBULANCE ASSIST........................................... 1
Bowing
Thursday Womens Summer Singles-June 14
MyraBaska
27 Vi
Mel Wilson
23
Hazel Wendling
20
Freda Pederson
14
Sylvia Johnson
12
Bess Moser
10
Jan Miyasaki
10
Delores Fowler
8
High individual series. Hazel Wendling, 479.
High individual game. Hazel Wendling 169
two.
Now Taking Orders
for BARK DUST
429-4451
Licensees
A study of Oregon real estate sales
licensees was recently done under the
auspices of Willamette University’s
•Center for Business—Government
Studies. The study suggests certain
weaknesses in the technical performance
of licensees. Only about one out of four
sales licensees appears to be experienced
and writing adequate or better listings
and earnest money receipts.
Technical perfomance was judged by
reviewing the most recent earnest
money and listing agreement written in
closed transactions by 400 sales
licensees chosen at random. (The
statistical procedures used provide a
high level of assurance that the sample
results are representative of all sales
licensees.) Copies of the earnest monies
and listings were collected by
researchers visiting the office of the
broker responsible for supervising each
sales licenssee in the sample. Ninety-
seven percent of the brokers contacted
agreed to cooperate fully. In most cases,
complete copies of the related broker
deal files were collected so that a more
infomed évalutation of the earnest
monies and listings could be made. Once
collected, each earnest money or listing
was judged on its technical quality,
using standards derived from the
Oregon Real Estate Manual. In addition
to noting particular problems, overall
evaluations were given on a scale of
invalid, not proper, marginal, adequate,
and excellent ratings.
Sixty-one percent of the earnest
monies collected were judged to be
marginal or worse on an overall basis,
with 34% adequate and 4% excellent. On
School Clothing Project
The AFS—CSD volunteers services
program is now seeking new volunteers to
help with the annual Childrens School
Clothing Project.
The project began originally through
the design and support of the ladies of the
Plymouth Presbyterian Church, who have
each year prepared * and sewed school
VERNONIA
MARKET
PLACE
a detailed basis, 42% of earnest monies;
had significant blanks, such as no date,
ofclosing. Twenty-eight percent showed;
errors in the specification of financing in
the earnest money, and 26% provided
inadequate detail—often in the
description of personal property.
Twenty-two percent had either
inadequate or
improper legal
descriptions of the property. Fourteen
percent showed open clauses which
would require further negotiations.
Thirteen percent had an improper
addendum or reference, 8% lacked
broker’s initials, and 8% lacked required
signatures or initials. (other than
broker’s).
Clearly, the detailed problems with
earnest monies vary in importance, and
that was reflected in the overall
evaluations. While this evaluation may
seem excessively picky, writing an
adequate or better earnest money seems
a minimal standard of technical
competence. It should also be noted that
all of these earnest monies came from
closed deals and that each should have
been reviewed and corrected by the
supervising broker.
The listing agreements were only a
little better. Fity-five percent of them
were evaluated as marginal or worse on
an overall basis, with 41% adequate and
4% excellent. Thirty-nine percent lacked
adequate detail, again, often in the
description of personal property.
Eighteen percent had significant blanks
in the contract, and 11% showed open
clauses which would necessitate further
negotiations. Ten percent lacked broker
initials, and 11% lacked other required
signatures or initials. Four percent were
on an improper or inadequate fotm or
format. These listings came from closed
transactions; they should have been
reviewed and corrected by the
supervising broker.
The study also collected and analyzed
data on the experience or activity levels
of Oregon real estate sales licensees.
Again, a minimal standard of experience
was used: a licensee is considered
experienced if he has participated in at
least one closed transaction while with
his current broker. Forty-five percent of
licensees are not experienced by this
definition, and that does not include the
occasional licensee managing on office
or otherwise not actively trying to
participate in closed deals. Of those who
are experienced, 44% have participted in
five or fewer closed deals, even though
the average licensee in the sample has
been licensed for two years. Also, 10%
of all licensees account for 66% of all
closed deals, and 20% of all licensees
account for 84% of all closed deals.
Evidently, a small fraction of the
licensee group does the great bulk of
business.
Most sales licensees
apparently have very little opportunity
'to participate in closing transactions.
! The evidence suggest that a
.prospective buyer has à 21% chance of
selecting at random a Sales licensee with
experience and whose most recent
technical' perfomance was adequate of
better. (Fifty-five percent are
experienced, and 39% of those, or 21% of
all licensees, are writing adequate or
better earnest monies.) Similarly, a
prospective seller has a 25% chance of
selecting at random a sales licensee with
experience and whose most reCent
technical performance Was adequate or
better.
outfits for fifty needy low income
children. Since the need is greater than
could be filled, volunteer services also
began to collect and distribute school
outfits in coordination with the Plymouth
Presbyterian Church’s annual project.
The need has since grown and individuals
and or other church and community
groups are being recruited to help with
this worthwhile annual project.
Volunteers who sew, could sort
donations, package clothing, launder, or
who could “shop the rummage sales” are
needed now. Any donations of new of
used childrens clothing are also welcome.
Please contact Kathie Kolody for
further information at 397-1743 or stop
by the office, located next to Motor
Vehicles Division, 270 Columbia Blvd.
I
This Space Provided by ALMAR REAL TY
This
SIO bribe
will shock you
By giving you and your car, 4x4, pickup, or
van the best ride you’ve had in years.
Here’s how the bribe works. Simply
buy any set of four Monro-
Magnum® or Radial-Matic®
Shocks and I’ll hand you a
nice spendable $10
bill. Right on the
spot. Take Ten. A
bribe so good, it’s
almost illegal.
&
I a
Radial-Matic®
“BIG ¿J’CEREALS
I
FREE % GALLON
OF MILK
with purchase of 3
General Mills Cereals and Milk
OFFICIAL MAIL-IN CERTIFICATE
BUY any 3 different General MUIS cereals (7 oz.
or larger) and H gallon of milk.
SEND the entire BOX TOPS from any 3 Different
GeneralMills cereals (7 oz. size or larger)
, PLUS a cash register tape with the milk pur-
chase circled.
MAIL TO: GENERAL MIILS, INC.
FREE MILK OFFER
P.O. BOX *7, MINNEAPOLIS, MNSMM
RECEIVE by mail, a certificate good for one free W
gallon of milk
Offer Good Thru June 30,1979 At
?•
VERNONIA^
AUTO PARTS
gJ92 Bridge St.
** 1
1
*
Monro-Magnum® 60
1
L
r
§