REA Marketplace Open

[philliesfan]

molenick - You are correct. I could not find anything on the web site either. So I emailed them and got the response I got in post # 43 which confirms everything that you mentioned except the part about being reasonably priced. I did not see anything about that.
Bob

[molenick]

Thanks. I must have picked up the "reasonably priced" part from someone else's post...or maybe I just made it up.

[raulus]

Originally Posted by molenick

Thanks. I must have picked up the "reasonably priced" part from someone else's post...or maybe I just made it up.

Probably my post. And it’s probably less about being reasonably priced and more about not being grossly unreasonably priced. But you might argue there’s not a lot of daylight there.

I should also add that I’m pretty sure the 5% selling cost is promotional for 2025, and could rise in the future.

[theshowandme]

Copy and pasted directly from my REA consignor agreement

Consignor shall be responsible for setting reasonable prices on all consigned material listed on the Marketplace, and REA, at its sole discretion and in any manner that it sees fit, shall have the right to decline, pause, or otherwise delay any material deemed to be priced at a level unreasonably above market value. REA may, at its sole discretion and for any reason, choose not to offer part or all of the consigned
material at any time prior to or during the course of the Marketplace listing. All items are subject to a minimum listing period of thirty (30)
days. REA shall endeavor to list and make available all consigned material within three (3) business days of receipt. Consignor is responsible
for timely approval of Marketplace listings, and REA shall not be liable for any delays in Consignor approval. Any item requested to be
removed from the Marketplace prior to the expiration of thirty (30) days shall be subject to a 10% processing fee calculated off the highest
asking price for the consigned item. This fee shall be capped at five thousand dollars ($5,000). Any item requested to be returned to
Consignor after the expiration of thirty (30) days shall be subject to a processing fee of five dollars ($5) per item plus applicable shipping and
insurance.

[philliesfan]

Thanks for posting that Don!

[raulus]

There you go. I guess the prohibition on crazy prices is right there in the consignor agreement.

Naturally, the precise execution of the pricing rubric will be more art than science.