Form 1. - Schedule of Charges and Commissions. New York City.1

(a) Regulations as to Private Sales.

The following commissions shall be chargeable on private sales, except where a special contract has been previously made:

For selling real estate within the limits of New York and

Brooklyn ...............................

1 %

2 %

For selling real estate in the suburbs of New York, Brooklyn,

and country property ......................

2%%

5 %

Selling leases and leaseholds in the suburbs of New York.__

Procuring loans, 1% or by agreement.

5 %

In the case of exchanges, a full commission shall be paid on each side. No sales shall be made for a commission of less than $25.

Should the title of property prove imperfect, whereby a sale cannot be consummated, the claim for commission shall not be invalidated thereby.

Brokerage shall be deemed to be earned when the price and terms are arranged between buyer and seller, the minds of both parties having fully met. It shall be due and payable when the contract is signed.

(b) Regulations as to Agents and Management of Property.

The following commissions shall be charged for the management and letting of property, except where a special contract has been previously made:

Renting for a term under 3 years on first year's rental, or

fraction thereof ...........................

2%

Leasing for a term of three years and upward on gross rental

excepet by special agreement ..............

1 %

Leasing country property, first year .......................

5 %

Each subsequent year, to same party ..............................

2%

On renting and collecting, except by special agreement......

5 %

(c) Appraisement Charges.

For appraising real estate in the Boroughs of Manhattan, Bronx and Brooklyn, from $10 to . of 1% upon valuation, or according to agreement. Suburban property, of 1%, or according to agreement.

1 These rates are given on page 15 of the diary (1909) published by the Real Estate Board of Brokers of the City of New York. See page 28 thereof as to fees for appraisals. For commissions on auction sales see pages 34, 35, same book.

Form 2. - Schedule of Salesroom Fees and Commissions at Auctions. New York City.1

(a) Regular Salesroom Fees.

Knockdowns on all real estate............................

$ 5

Auctioneers not renting stands to pay double rate...........

$10

(b) Legal Sales Fees.

Knockdowns on all sales of real estate by order of the court.. $ 2

Salesroom fees on property offered at upset prices shall be the same as if sold. In all cases where property is offered at an upset price and not sold, or where the property is bid in by the owner, or on his behalf, the auctioneer shall so inform the manager immediately after the sale.

(c) Commissions on Auction Sales.

Commissions on sales of real estate shall be as follows, viz: On New York and Brooklyn property, not less than of 1%, to be paid by the seller, in addition to the expense of maps, advertising and salesroom fees; and no member of the association shall be allowed to divide this commission with any person except a real estate broker bringing a sale direct.

On country property and leasehold property, wherever situated, the commission shall be not less than 1%, to be paid by the seller, in addition to the expense of maps, advertising and salesroom fees.

The purchaser shall also pay the auctioneer's fee of $20 on each numbered lot, except on sales of property producing less than $1,000, when the fee shall not be less than $10 on each lot.

All legal sales shall be at the legal rate, viz: $15 auction fee and $2 salesroom fee, to be paid by the purchaser.

The auctioneer shall be entitled to his commission on any real estate advertised by him and sold by the owner previous to the day of sale, the same as if sold at auction.

Form 3. - Schedule of Fees, Charges and Commissions. Brooklyn, New York.2

(a) Appraisals.

Lots 25 x 100 feet or less, plot of one to 3 lots...........

$15

Each additional lot up to 10 lots, additional...........

$ 5

Over 10 lots, by special arrangement.

Private Houses, 25 x 100 feet or less ........................

$15

Each additional lot or fraction thereof, additional......

$ 5

Tenements and Flats, 25 x 100 feet or less .........................

$20

Each additional lot or fraction thereof, additional......

$10

Elevator Apartments, 25 x 100 feet ........................

$25

Each additional lot or fraction thereof .......................

$10

Loft Buildings, Factories, Stables, 25x100 feet...........

$25

Each additional lot or fraction thereof, additional......

$10

Office Buildings, Hotels, Apartment Hotels, Business Buildings, rate by special arrangement.

1 The fees and commissions given in this schedule for auctioning real estate are those adopted by the Real Estate Auctioneers' Association of the City of New York.

2 The rates given in this schedule are those adopted by the Brooklyn Board of Real Estate Brokers.

(b) Sales.

City property within old limts, on price obtained..............

1 %

No commission of less than $100 to be charged unless specially agreed upon. City Property outside limits of old city lines (or as may be agreed upon)

2%

Country property ( or as may be agreed upon )....................

2%

(c) Leases.

One year ..............................

2%

One to five years on the first year's rent ..

2%

Each additional year ..........

1 %.

Country Property, one year (or as may be agreed upon for

term leases ..........................

5 %

Form 4. - Schedule of Salesroom Fees and Commissions at Auctions. Brooklyn, New York.1

(a) Exchange Fees.

Knockdown on real estate; to auctioneers renting stands...

$ 2

Knockdown on real estate; to auctioneers not renting stands.

$ 6

Knockdown on all sales of real estate by order of the court..

$ 2

Auctioneers' stands terms per annum, from May 1, payable

in advance quarterly ................................

$100

(b) Commission on Auction Sales.

The commission on auction sales of real estate shall be as follows, viz.: On New York and Brooklyn property, of 1%, and on country property, 1%, to be paid by the seller, in addition to the expense of maps, advertising, and salesroom fees. The purchaser shall also pay the auctioneer's fee of not less than $15, except on sales of property producing less than $1,000, when the fee shall not be less than $10 on each lot. All legal sales shall be at the legal rates, viz: $15 auction fee and $2 salesroom fees, to be paid by the purchaser.

Form 5. - Rental and Management Charges. Chicago, Illinois.2

(a) By-laws. Section I.

For negotiating leases for business and residence property where rents are not collected by the agent, and where buildings are already erected, but not including ground leases.

Rule 1. Where Term is Six Months or Less. Where the term of the lease is six (6) months or less, charge seven per cent. (7%) on an amount equal to six (6) months' rental. (See Rule 3.)

1 The fees and commissions given in this schedule are those adopted by the Brooklyn Real Estate Exchange.

2 The fees, charges and commissions of Forms 5-8 are taken from Article XII of the By-laws of the Chicago Real Estate Board, Sections I-VII, as revised to 1910.

Rule 2. Where Term is More Than Six Months and Does Not Exceed Two Years. Where the term is more than six (6) months and does not exceed two (2) years, charge five per cent. (5%) on an amount equal to one year's rental. (See Rule 3.)

Rule 3. If Monthly Rentals Are Not Uniform. If the monthly rentals are not uniform throughout the entire term of any lease coming under the provisions of Rules 1 and 2, the average monthly rental for the actual period of the lease shall be used as the basis for computation.

Rule 4. Where Term Exceeds Two Years. Where a term exceeds two (2) years use as a basis charge, five per cent. (5%) and add for each six (6) months or fraction thereof over two (2) years, one-half () of one per cent. (1%), which rate shall be figured on one (1) average year's rental of the entire term.

Rule 5. What to Charge if Lease Calls for a Net Rental. In figuring commissions to be charged on leases where the rental to be received by the Lessor is net, that is to say, where the Lessee agrees to pay taxes and fire insurance premiums, in addition to the rental named in the lease, the annual rental upon which to compute commissions shall be the net rental plus the amount of the annual taxes and estimated fire insurance premiums; the intention being to make the charge on the same basis as if the Lessor paid same and made the lease on the usual gross basis.