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What's standard procedure when doing a private party transfer? Does the seller usually take 100% of the price before the 10 days or after? My only concern is what happens should the transfer be denied or something would I be out money?
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Typically, buyer pays seller 100%. Buyer pays FFL $35. DROS is then started.
There is a level of trust and concern on both sides. A denial may come from either side.Last edited by code33; 09-02-2008, 2:21 AM.Disclaimer:
I am not a lawyer. Nothing in my posts should be considered legal advice.
Got ORI?
Front Sight Diamond Member -
You should know if you do not qualify to own a gun before you try to buy one. As a seller you would get the gun back if the buyer did not qualify, as a buyer you should(if dealing with a legitimate seller)get your money back. It all comes down to trust, look what happened to the deal from the "crackhead" it completed and the buyer was worried the whole time.sigpic
Thieves are the lowest form of life out there, except for liberal politicians, of course, but that's redundant.Comment
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If the buyer isn't approved, the seller will have to re-DROS the gun to himself. At least this is what I've been told by 3 different places when I was doing PPTs.Comment
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My Rules on PPT firearm sales.
SELLER: Get 100% of your money PRIOR to DROSing... I wouldn't let a gun out of my possession until it was paid for in full.
BUYER: Make "not wasting the seller's time" a priority.Last edited by tonelar; 09-02-2008, 8:39 AM.sigpicComment
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Handmade Predator/Coyote Calls!!!
Originally posted by ColdSteel14;sigpicOriginally posted by Slayer;Comment
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I'm wondering on this too, what happens when the buyer don't pull through, I heard of stories but what's the law on this?Comment
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PC 12082Underlined part shows a background check is required for the seller, but no indication of where in the process that happens. In practice, both seller and purchaser information are entered into the DROS software at the beginning of the transaction - DROS Entry System for the Internet, DROS Entry Application User Manual Doc Ver 9.02 / App Ver 3.34, p 56...
If the dealer cannot legally deliver the firearm to
the purchaser or transferee or the person being loaned the firearm,
the dealer shall forthwith, without waiting for the conclusion of the
waiting period described in Sections 12071 and 12072, return the
firearm to the transferor or seller or the person loaning the
firearm. The dealer shall not return the firearm to the seller or
transferor or the person loaning the firearm when to do so would
constitute a violation of subdivision (a) of Section 12072.
...ARCHIVED Calguns Foundation Wiki here: http://web.archive.org/web/201908310...itle=Main_Page
Frozen in 2015, it is falling out of date and I can no longer edit the content. But much of it is still good!Comment
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To add to this question, I'm getting ready to do a PPT of 2 long guns and 2 handguns in one transaction. Is it just one fee of $35 for all 4 guns?For those who fight for it, Freedom has a flavor the Protected will never know.Comment
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"Can our form of government, our system of justice, survive if one can be denied a freedom because he might abuse it?" --Harlon Carter
"A government big enough to give you everything you want is a government big enough to take from you everything you have." --Gerald Ford
"Government is essentially the negation of liberty." --Ludwig von Mises
"You cannot invade mainland United States. There would be a rifle behind each blade of grass." --Admiral Yamamoto
USS Hornet ARC Member.
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Interesting. I never knew the seller is also checked.Fleeing the PRK on 3/8/09!!Comment
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