In the absence of any contract to the contrary, the following rates of commission shall obtain, based on the total consideration, including all encumbrances thereon; irredeemable ground rents to be capitalized at 6%.

PURCHASES AND SALES CITY

FOR THE DISTRICTS OF GERMANTOWN, MOUNT AIRY, CHESTNUT

HILL, OAK LANE, OVERBROOK, FRANKFORD, ROXBOROUGH

AND OTHER SEMI-SUBURBAN LOCATIONS

SUBURBAN (Montgomery and Delaware Counties)

RULES FOR SELLING AND PURCHASING - CITY AND SUBURBAN

4. For selling real estate at auction the commission to be charged shall be the same as at private sale, and, in addition thereto, the owners shall pay for all advertising.

5. The minimum commission of any sale or purchase shall be $50.

6. In case of exchange of property a commission as per rates given herein shall be paid by each party, based on the valuations agreed upon by the parties at the time of signing the agreement.

7. Owner to pay for all special advertising in connection with selling, exchanging or renting of property.

8. For services rendered in addition to negotiating sale, such as attending to clearing objections from settlement certificate, arranging for settlement, and such other details as are necessary to complete the settlement, the broker shall be entitled to compensation, the same to be regulatd by the services rendered, but the minimum charge to be not less than $5.00.

9. The commission has been earned by the agent, and is due and payable when the agent secures a purchaser who is accepted by the seller, or secures a purchaser upon the terms authorized by the seller. When agent acts for purchaser the same rules are to apply.

LEASING

WHEN RENTS ARE COLLECTED BY THE AGENT

10. For negotiating leases when the agent collects the rent, the commission on all classes of property shall be 5% on the amount of rent collected.

WHEN RENTS ARE NOT COLLECTED BY THE AGENT

11. Stores and Dwellings. For negotiating leases for store property and residence property and where buildings are already erected, or where buildings are to be erected for the use of lessee. If for term of one year or less, 3% on the annual rental; if in excess of one year, 3% on the rental of the first year, and 1% on the rental of each additional year.

12. Specialty Buildings and Ground. For negotiating leases for office space apartments or flats, for floor space in lofts and manufacturing buildings, industrial sites, warehouses, factories, mills, garages, stables, moving picture halls, saloons, waterfront and wharf properties, farms, or vacant ground, and all industrial and other specialty property, if for the term of one year or less, the charge shall be 5% on the gross annual rental. If in excess of one year, the charge shall be 5% on the gross amount due for the first year's rent and 2% additional on the gross rental for each succeeding year.

13. Furnished Dwellings, etc. For leasing furnished dwellings and furnished or unfurnished apartments in the City of Philadelphia (lessor to furnish inventory if required), charge shall be 5% on the total rental with a minimum charge of $25.00.

FOR THE DISTRICTS OF GERMANTOWN, MOUNT AIRY, CHESTNUT HILL, OAK LANE, OVERBROOK, FRANKFORD, ROX-BOROUGH AND OTHER SEMI-SUBURBAN LOCATIONS

Same as above for negotiation of leases for one month or less. For leases for more than one month rates are same as suburban.

14. Surban. For negotiating leases on suburban property, either furnished or unfurnished, or vacant ground and farms, if for the term of one year or less, the charge shall be 5% on the total year's rent.

15. If for a term in excess of one year, the charge shall be an amount equal to 5% of the first year's rent, plus 3% of the second year's rent, plus 2% of the third year's rent, plus 1% on annual rent of each succeeding year.

RULES FOR LEASING - CITY AND SUBURBAN

16. When the lease gives the lessee an option of renewal, the charge shall be made for the actual term of the lease. If the lessee later avails himself of the privilege of renewal, whether strictly according to the terms expressed in the lease or not, the agent shall also be entitled to a commission on the extended period. This additional commission shall be the difference between the amount of commission due for the entire term, including the extended period, and the amount of commission previously paid. The additional commission shall be paid the agent at the time of renewal.

17. Where renewals of leases are negotiated by the agent, and the agent does not collect the rent, he shall charge the regular rates, the same as if lease were negotiated with new tenant.

18. The minimum charge to be made in any case for leasing property shall be $10.00.

19. Should there be a clause in the lease giving the lessee an option to purchase the property demised, whether or not the purchase is made exactly on the terms stipulated in the lease, the owner shall pay the agent who negotiated the lease the usual commission on the purchase price, to be paid when the sale is consummated, less any portion of commission paid for the unexpired term of the lease.

20. In the event of any property being withdrawn from the agent prior to the expiration of any lease, or leases, made by the said agent, the owner shall pay the said agent at the time of such withdrawal, or the agent may deduct from funds of the owner in said agent's hands a sum equal to the commission chargeable under this schedule for the unexpired term of the lease, as though the agent was at that time securing a tenant for the owner for said unexpired term. (It being understood that on a lease drawn for a period of less than one year the commission due shall be based on the annual rental.)

21. The commission for the term of the lease has been earned by the agent, and is due and payable, when the agent secures a tenant who is accepted by the owner, or secures a tenant upon the terms authorized by the owner.