Questions about consignment

[mi4]

I have a couple of questions about consignment of firearms. If I am the seller:

1) What is standard procedure? Will it be like me selling it to the FFL/dealer?
2) Who will be the owner of the gun after me dealing with the FFL/dealer but before a buyer buys it? Will I be responsible for it until it is sold, assuming the dealer pays me cash already?
3) Do I only need to get a seller copy (BOF 935) to prove that it is not my property anymore? Any other documents that I should ask for?
4) Will consignment be counted as one PPT? I remember that someone told me that I can only do PPT as a seller 6 times a year?

I will appreciate any advice.

[Garv]

Calguns advice to sell things here and make more money via PPT.
You will typically lose about 25% via consignment.

Either way, good luck.

[FresnoRob]

I do not believe it ever becomes the property of the FFL. You give them part of the profit for the right to display it in their store. The transaction. If sold will be a person to person sale.
As the post above said try the Calguns market place first. It's free.

[SoldierLife7]

You transfer the firearm to a dealer, they display it for sale.

While it is displayed for sale, you still own it and the dealer gives you no money.

Once it has been sold, the dealer gives you your "cut". Most dealers I have checked with take 20% to 25% of the sale price.

If you change your mind and decide to keep it, the dealer will transfer it back to you and you pay DROS and possibly a pre-agreed on "stocking" fee for the time the dealer displayed it.

Each dealer handles price and fees according to their individual store policy.

YMMV

[dpr]

You are the owner until it sells but once it's in the bound book if you decide you want it back you'll have to DROS it with the applicable fees.

The change of ownership will happen electronically when the shop releases it to the new owner after the DROS.

Expect to pay 10% to 25% commission depending on the value of the gun.

[mi4]

It was actually a sale just done today. It was through calgun marketplace. The "buyer" is a dealer. I got paid already and thought it was a PPT until read the seller copy carefully. I just wonder if I am still responsible for the gun.

[BoJackUSMC]

Yup 10 to 25% they will take their cut from total sale price.