Section 4. Ground Leases. - The following charges shall be made for ground leases whether the agent is managing and collecting rents on the property at the time of making lease or not.

Where the Term is 5 Years or less:

Rule 17. For making an original lease, or a sub-lease thereof, where the term of lease is five (5) years or less, charge in accordance with Section 1 of this article.

Where the Term is over 5 and does not exceed 15 Years:

Rule 18. For making an original lease, or sub-lease thereof, where the term of lease is over five (5) years and does not exceed fifteen (15) years, charge on the total rent for the term, 2 per cent (2%).

Where the Term exceeds 15 Years:

Rule 19. For making an original lease, or a sub-lease thereof, where the term of lease exceeds fifteen (15) years, charge on the value of the ground as determined by capitalizing the annual ground rent on a four per cent (4%) basis, three per cent (3%) commission.

If Annual Ground Rent is not Uniform:

Provision (A) of Rule I9. If the annual ground rental during the entire term of the lease is not uniform, the charge shall be made on the value of the land as determined by the average annual ground rental capitalized as aforesaid.

If Lease contains Provision for Reappraisement:

Provision (B) of Rule 19. If the lease contains a clause providing for reappraisement of the ground by appraisers during the term of the lease, the average annual rental between the date of lease and the date set for the first appraisement shall be taken as the basis on which to compute the total rental for the entire term.

If Other Consideration is Paid by Lessee in Addition to Rent:

Rule 20. In any case if cash or other consideration is paid in addition to the ground rent, the amount of such cash, or value of such consideration, shall be added to and become a part of the capitalized value on which the charge shall be figured.

Section 5

Charges for Making Sales of Real Estate:

Rule 21. On a sale of $1,500 or less 6%, but no charge shall be less than $25.00.

Rule 22.

On a sale of over $1,500 up to and including $2,000....................

$100.00

On a sale of over $2,000 up to and including $2,500.................

125.00

Rule 23.

On a sale of over $2,500 up to and including $2,300.................

150.00

On a sale of over $3,000 up to and including $3,500.................

175.00

On a sale of over $3,500 up to and including $4,000.................

200.00

Rule 24..

On a sale of over $4,000 up to and including $5,00.................

220.00

Rule 25.

On a sale of over $5,000 up to and including $6,000.................

230.00

Rule 26.

On a sale of over $6,000 up to and including $7,000.................

240.00

Rule 27.

On a sale of over $7,000 up to and including $8,000.................

250.00

Rule 28.

On a sale of over $8,000 up to and including $9,000.................

265.00

Rule 29.

On a sale of over $9,000 up to and including $10,000.................

300.00

Rule 30.

On a sale of over $10,000 three per cent (3%).

Rule 31. Commission on sales of industrial property, five per cent (5%).

The above schedule does not apply to the handling of subdivisions where the charge shall be a matter of contract.

Selling Acre and Farm Property:

Rule 32. In selling or exchanging acre property, the charge shall be not less than five per cent (5%).

Selling Leaseholds:

Rule 33. For selling leaseholds of buildings, or parts thereof, charge for the unexpired term of the lease the same rates as are provided in Section 1 of Article 1, as if a new lease were made, plus twenty per cent (20%) of the bonus. For selling Ground Leases and Improvements, charge 4 per cent on the amount of the sale price of the leasehold interest and improvements, plus 1 1/2% on the value of the ground as determined by capitalizing on a 4 per cent basis the annual ground rental being paid at the time of sale.

Exchanges:

Rule 34. In case of exchange of property, a full commission, based upon the sale price, shall be paid by each party, the same as if a sale of each property had been made.

What Shall Constitute:

Rule 35. All charges herein provided for the sale or exchange of real estate and the sale of leaseholds and buildings, shall be based upon the sale price, meaning thereby that if the sale is made subject to a mortgage or mortgages, the sale price shall be construed to mean the price of the equity, plus the encumbrances.

Section 6

Charges for Making Loans:

Rule 36. On Loans on improved property, other than Bond issues, the mortgagor shall pay not less than 3 1/2% on the amount of the loan, and in addition thereto Recorder's fees for recording the necessary documents, the cost of continuation of the Abstract Title brought down to include the record of Deed securing the loan, the attorney's fees for the examination of the Title or Title Guaranty Policy in lieu thereof; or expenses involved in the registration of property under the Torrens System including filing fees at Registrar's office; the minimum commission to be $25.

Rule 37. On loans on improved property, 6% on amount of loan; minimum commission to be $25.

Rule 38. On bond issues the mortgagor shall pay the person or firm financing same not less than 1 1/4% per annum for the term of the loan on the amount of the bond issues, and in addition thereto all other charges specified in the preceding paragraphs of this section, including the cost of printing and certifying the bond issue.

Rule 39. For renewal of loans the mortgagor shall pay at the same rate of commission as provided in the preceding paragraphs of this section.

Section 7

Fees for Valuations:

For making valuations on real estate, the Valuation Committee shall not charge less than the following amounts:

On amounts not exceeding $10,000, charge $25.

On amounts over $10,000 and not exceeding $30,000, charge $25 on the first $10,000 and $2 per thousand or major fraction thereof on excess up to and including $30,000.

On all amounts over $30,000 and not exceeding $200,000, charge $1 per thousand or major fraction thereof on excess over $30,000, with a further charge of 75 cents per thousand or major fraction thereof on amounts over $200,000.

IN VALUING LEASEHOLDS, fees or undivided interest, the charges shall be based on the value of the entire property of which the leasehold, fee or undivided interest forms a part.