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FFL's Forum For open discussion between FFLs and polite questions for FFLs.

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Old 01-12-2013, 11:22 AM
P5Ret P5Ret is offline
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Default Got a question for dealers

If someone places a firearm on consignment in your shop, and you cut a contract with a minimum sale price, to give yourself some room with buyers even though it is going on the shelf at a higher price. When/if the gun sells at the higher price do you pay the owner/seller the full amount less your commission of course or just the amount listed on the contract, less commission?
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Old 01-13-2013, 10:07 AM
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kemasa kemasa is offline
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I don't do consignments, but the contracts I have seen the split is based on the selling price. Also, the FFL and the customer should agree with the asking price, as well as the process of any reductions in the price. If the FFL puts it on the shelf at a price higher than the customer agrees to, then it could take longer to sell, which may not be in the best interest of the customer.

The bottom line is that the contract should detail all of the issues.
FFL Transfer/Special Order Dealer since 1993.
Net-FFL list maintainer.

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