El Paso herald. (El Paso, Tex.) 1901-1931, 1916-02-29

Of this amount, commission not lower
than five percent may be charged.
Other rules are:
Minimum Charge.
In exchange of property minimum
charge of regular commission based on
the highest priced property, shall be
charged. The agent may, with propri-
, ETY., collect a larger commission than
the one above specified, when extraOr-
binary services have been rendered.
Brokerage shall be conside7 ed earned
when an agreement, either verbal or
written. is reached between the con-
tracing persons.
Should an imperfect or objectiona-
BILE title prevent a sale, the fun COM
mission may be charged.
No property may be listed on the
board by any agent where the fee
charged for selling is not the regular
fee as fixed by the rules Of the board.
On all sales of personal property, a
fee of ten percent shall be charged
upon the gross amount Of the sale This
rule does not apply TO stocks and bonds
and similar securities.
Leases and Sub-Leases.
In making an original lease or sub
lease. where there are no collections
and when the term is ten years or less,
three percent commission may be
charged while. on the excess over ten
years, a commission Of two percent may
be charged. But the commission cannot
exceed that which would be due for
the sale of the property
On selling ground leases and i'm
provements the same commission as in
case of actual sale of real estate may
be charged.
For stores and business property IL
percent on total rental payable when
lease is signed, may be charged. but
not to exceed the commission which
would be due for the sale Of the prop
erty leased.
on residence property a commission
or three percent on the total rent for
the term of the lease and a minimum
commission of SIS may be charged.
In leases containing the privileges
or renewal or extension, or the option
to purchase the property, the usual
commission may be charged on such
renewal or extension or sale when the
option is exercised and the new
transaction closed. Should option
to purchase be exercised before
expiration OF the term of the lease, the
the amount of commission paid on the
unused portion Of the lease.
Collecting Rents.
In the management of property, in
commission for making leases and
collecting rents, when the monthly
rental on each house is over So may
be ; percent. When the monthly rental
erty charge of 10 percent may be
made. Additional charges may be made
for special services
In caring for unimproved property
the commission for taxes paid is to be
IL percent with a. minimum charge
OF " per annum. There shall be no
charge for this service when the prop
erty is improved and the agent collects
the rent
To Collect Commissions.
The agent is entitled to a commits
sion during the entire term of the
lease and the landlord cannot right
fully take the property out of the
agents hands and deprive him Of the
remainder OF his commission unless the
agent has given good cause by neglect
ing his duties.
Apprnisement Prices.
In handling real estate loans per-
cent may be charged on the amount
of the loan. to be paid by the borrower
The official appraisals of the board
Values $4,000 COR less. per s1OOO.s 100
Excess over 100000, per $1,000. so
Minimum charge for Individual
appraisals ....... ..... 500.
Special charges for extraordinary
service.
Where an appraisement or other real
estate litigation requires attendance
! and presence in court as expert wit
! ness, SIS for the first day and so for
/ each additional day.
! Written Contract
]
may be listed for sale or otherwise
! upon the books Of the board unless
| the member offering it shall have a
written contract Of his exclusive right
/ TO sell, lease or otherwise dispose OF
/ the same and file a carbon copy of said
| contract with the board; nor shall any
property be Withdrawn from sale dur
! ing the first ten days it is listed on
! the board unless actually sold; there
, after any property may be Withdrawn
| from sale by giving notice to the sec
rotary. which notice he shall send to
| each member
Listing Fees.
! Listing fees may be charged at the
| discretion of the board Of governors,
| the same to be paid at the time the
| listing is made. Commissions on all
! sales resulting from these Hstings shall
| be divided as follows:
Fifty percent to the agent making
the sale: 40 percent to the agent listing
the property; 10 percent to the FL Paso
= Real Estate board.
Signs by Listing Agent.
In no event shall the owner Of the
| property directly or indirectly pay any
part Of the listing fee. No For Sale"
| or For Rent" signs may be placed on
any property that is listed on the
board except by the listing agent or