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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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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.Kemasa.
False signature edited by Paul: Banned from the FFL forum due to being rude and insulting. Doing this continues his abuse.
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