Yes. In exchange for utilizing our platform, each successful sales transaction will be charged a Sales Success Fee — a small percentage of the final sales amount. For example, if a listing is sold for $50,000 and the Listing was assigned a 5% Sales Success Fee, the successful transaction will result in a $2,500 Sales Success Fee being charged. During listing creation, the seller chooses who pays the sales success fee:
Buyers Premium – Buyer pays the entire Sales Success Fee in the form of a Buyers Premium (This is the default setting)
Seller Pays Nothing
Split Fees – Buyer and Seller Split the Sales Success Fee
Buyer pays 1/2 of Total Sales Success Fee in the form of a Buyers Premium
Seller pays 1/2 of Total Sales Success Fee in the form of a Sellers Premium
Sellers Premium – Seller pays the entire Sales Success Fee in the form of a Sellers Premium
To protect Buyer and Seller, prior to Consummation of Sale, all Winning Bids and/or Accepted Offers are subject to Buyer (at Buyer’s Discretion) completing a Pre-Purchase Inspection (PPI).
Refunds may be possible under certain circumstances. For example, if the Pre-Purchase Inspection reveals major issues with the Listing, the Buyer may be eligible for a Sales Success Fee refund if a Buyers Premium was paid (minus administrative fees).
EXR does not offer any form of a warranty or insurance on Listings sold on the Platform. ALL Listings are Sold “AS IS, WHERE IS”. If a Seller offers a warranty or insurance on a Listing, any rights or benefits are offered exclusively by that Seller without the involvement of EXR.
Buyers and Sellers shall not engage in any activity designed to complete or facilitate a transaction between the Buyer and Seller for the sale or purchase of a Listing outside of the EXR Platform during the contracted Listing Period Timeframe (Listing Period Timeframe includes: Scheduled Live Auction and Classified Periods as defined by the Listing Plan selected by the Seller at the time of Listing creation).
If the sale of a Listing is concluded outside of the Platform during the contracted Listing Period to a Buyer Registered on the Platform, EXR will charge the Seller’s Payment Account (charging the Seller credit card on file) the entire Sales Success Fee regardless of Sales Success Fee Option selected.