This section is from the book "Practical Real Estate Methods For Broker, Operator & Owner", by Thirty Experts. Also available from Amazon: Practical Real Estate Methods for Broker, Operator, Owner.
Commissions on sales of real estate shall be as follows, viz.: On New York and Brooklyn property, not less than 1/2 of 1 per cent, 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 per cent, 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.