New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-04-05
Resolutions Adopted for
the Management OF
Business Affairs.
TOO MANY SIGNS ON
BUILDINGS DO HARM
Name Commissions 10 Be
Charged for II Selling and
Leasing O Property.

code or etnlc5 adOpleo a. 'N-~"~
meeting Of the Rel Estate Board Of New
York reads as FOL VS.:
When a member accepts from another
member a customer for property tne
first transaction closed shall relieve each
member from further obligation to the
other in connection with subsequent bust
ness done with such customer, unless ny
prior written agreement TO the contrary
A member shall give an unpreiudiced
opinion. if he gives any, concerning vn-
other members proposition when asked
10 do so by prospective customer.
No member shall put sign or "a
building without first having the written
order from the authoritative persons. ana
IL is the sense OF this board that TOO
many signs do more harm than good.
No member shall offer property for sale
or for lease. or submit any application
for loan. without the knowledge and
consent Of the owner or his authorized
agent and then only on such terms asi
authorized
No member shall furnish nformauo
concerning a property 10 other member
either in respect TO its sale, lease
mortgage, claiming sole agency unles
he shall have been retained in such G.
pacity. No member shall oner any proI
erty so furnished him upon any o'he\
terms than precisely those stated oy 'heN
member sending out the information and
all negotiations shall be carried on
through such member.
No member shall under any conditions
| claim or receive any commission OF re-
bate upon repairs made or supplies pur-
chased in the operation and management
Of PROPERTIES i'm his charge without the
consent Of the owner.
Members are advised 10 invite rlen6y,
arbitration by the board rather than TO
appoal 10 the courts Of law in settling
differences with other agents or owners
In all cases where an operator, owner
or other person shall act in bad faith
I toward a member. and the memper
claims that he has been unjustly deprived
of A commission, the facts may be re-
ported to the board of governors, ana the
governors shall, after consideration or the
claim. request the operator Or owner or
other person to arbitrate the claim OF the
member. and shall preserve records OF all
requests to arbitrate and answers thereto
which shall at all times be open for the
inspection OF the members OF this board.
All requests for arbitration, complaints
and communications Of any kind TO the
board must be made in writing.
The term member" as used herein
shall include all resident or nonresident
active members and men associated in a
members office 4
4 member shall not put his name IN ING
newspapers i'm connection with transac
ZION unless he receives a part of the COZ
mission or has actually acted as Az
for one OF the parties.
In case of any infraction OF these rules
the board of governors shall determine
the penalty, which. at the option oil the
governors. shall be reprimand. suspen-
sion for a given period or expulsion.
The following commissions shall be
chargeabIe or private sales For selling
real estate within the limits of the Bor-
ough of Manhattan. per cent: for selling
real estate within the limits of the Dor
oughs of The Bronx. Brooklyn and
Queens, l to 2l.; for selling real estate
within the limits of the Boroagh OF
Richmond, 2is to ); for selling leaseholds
within the limits of the boroughs Of Man
haitian and The Bronx according TO
agreementl. 2ls to 5: for selling real es-
/ tate in the suburbs of greater New York.
/ 2ia; for selling acreage within the limits
of greater New York. 2la to ); for selling
country property, ); for selling leases and
leaseholds in the suburbs of greater New
York, ); for selling plots or acreage in
/ the Western and Southern parts Of the
/ United States. 5; for procuring first mort
gage loans, except by special agreement.
l; for exchanging, the full selling conf
mission shall be paid by each side. No
sales shall be made for commission OF
less than $780, Should the title OF property
prove imperfect, whereby sale cannot
be consummated. the claim for commits
sion 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 II is an
derstood that all real estate commissions
are due and payable as soon as agres.
%--.. Continued ON second page.