The following regulations governing the fees for auctioning real estate are those adopted by the Real Estate Auctioneers' Association of the City of New York:

Regular Salesroom Fees

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

$ 5.00

Auctioneers not renting stands to pay double rate

10.00

Legal Sales Fees

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

$ 2.00

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.