The following table of commissions is that adopted by the Real Estate Board of Brokers of New York and published in its official Year Book.

Regulations as to Private Sales

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

Per

Cent.

1st.

For selling real estate within the limits of

New York and Brooklyn ....................................................

1

Leaseholds .............................................................................

2

2d.

For selling real estate in the suburbs of New York, Brooklyn and country property ..............................

2 1/2

3d.

Western and Southern lands ...................................................

5

4th.

Selling leases and leaseholds in the suburbs of

New York ........................................................................

5

5th.

Procuring loans, 1 per cent, or by agreement.

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 commissions 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.

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 previously been made:

Per Cent.

Renting for a term under three years on first year's rental or fraction thereof ..............................................................

2 1/2

Renting for less than one year, by special agreement.

Leasing for a term of three years and upward, on gross rental, except by speacial agreement .................................

1

Leasing country property, first yeat ..................................................

5

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

2 1/2

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

5

Appraisement Charges

For appraising real estate in the Boroughs of Manhattan, Bronx and Brooklyn, from $10 to 1/4 of I per cent upon valuation, or according to agreement.

Suburban property, 1/2 of I per cent, or according to agreement.