This section is from the book "Real Estate Principles And Practices", by Philip A. Benson, Nelson L. North. Also available from Amazon: Real Estate Principles and Practices.
Adopted 1905, Amended Jan. 8, 1918, and April 12, 1921, by the
BROOKLYN REAL ESTATE BOARD
189 Montague St., Brooklyn
This schedule card is issued by the
BROOKLYN REAL ESTATE BOARD for the use of its members
PRIVATE SALES
City property (limits of Brooklyn) on price obtained........................................................... | 2 1/2% |
County (suburban) property, on price obtained.................................................................... | 5% |
Water front property, on price obtained.............................................................................. | 5% |
For selling leases, on the sum of the consideration to be paid for the lease................................ | 1% |
"Plus the usual renting commission on the balance of the term of the lease as provide for elsewhere in this syhedule.".................................................................. | |
Good Will, Goods and Chattels.............................................................................................. (Minimum sale commission $100.) | 10% |
One year or less, on annual rent........................................................................................... | 3% |
More than one year, on the first year's annual rent................................................................... | 3% |
Additional year, on the second year's annual rent........................................................... | 2 1/2% |
Additional year, on the third year's annual rent.............................................................. | 2 1/2% |
Each additional year thereafter, on annual rent...................................................... | 1% |
Furnished houses or apartments, for the term......................................................................... | 5% |
Country property, one year or less, on annual rent............................................................... | 5% |
More than one year, on the first year's annual rent.................................................................. | 5% |
Each additional year, on annual rent.............................................................................. | 2 1/2% |
Water front property, on annual rent for the term............................................................... | 5% |
Renewals, Sub-rentals and Assignments shall be computed on the same basis as original lease.
On the amout of gross rent.......................................................................................................................... | 5% |
Such service if discontinued on notice by client, agent shall be entitled to regular renting commission for the unexpired term of the rentals arranged during such service.
On first mortgage..................................................................................................................... | 1% |
Building Loans....................................................................................................................... | 2% |
Country Loans........................................................................................................................ | 2 1/2% |
(Minimum mortgage loan commission, $50.)
APPRAISALS
Lots 20x100 feet or less, plot 1 to 3 lots....................................................................................... | $15 |
Each additional lot or fraction thereof, up to 10 lots............................................................ | 5 |
Private dwelling houses, 20x100 feet or less.................................................................................. | 15 |
Each additional lot or fraction thereof............................................................................. | 5 |
Tenements and Stores 20x100 feet or less............................................................................................ | 20 |
Each additional lot or fraction thereof........................................................................................... | 10 |
Loft buildings, factories, garages, stables, 20x100 feet or less............................................................ | 25 |
Each additional lot or fraction thereof.......................................................................................... | 10 |
Elevator apartments 50x100 feet or less........................................................................................ | 50 |
Each additional lot or fraction thereof................................................................................... | 10 |
Office buildings, waterfronts, hotels, acreage, country residences and other property, not specified, rates by special arrangement. | |
Expert testimony and cross-examination, by special arrangement. | |
 
Continue to: