EXR offers Three Marketplace Listing Mode Options:

• Option 1) Exclusive Hybrid (Auctions + Classifieds) Default Setting
  • During Auction Periods (The Listing will only sell if Highest Bid amount meets or exceeds set Reserve Price.)
  • During Classifieds Periods (The Listing will sell to the first Buyer that pays the Buy Now Price or Seller may accept Buyer’s Make Offer Price.)
• Option 2) Auctions (Reserve and No-Reserve Auction Options)
  • Reserve Auction (The Listing will only sell if Highest Bid amount meets or exceeds set Reserve Price.)
  • No-Reserve Auction (The Listing will sell to highest Bidder regardless of Bid amount.)
• Option 3) Classifieds (With Buy Now & Make Offer Options)
  • The Listing will sell to the first Buyer that pays the Buy Now Price or Seller may accept Buyer’s Make Offer Price.

Marketplace Listing Mode Options Full Description:

• Option 1) Exclusive Hybrid (Auctions + Classifieds) Default Setting
  • During Auction Periods (The Listing will sell if Highest Bid amount meets or exceeds set Reserve Price.)
  • During Classified Periods (The Listing will sell to the first Buyer that pays the Buy Now Price or the Seller may accept Buyer’s Make Offer Price.)
  • The best of both worlds, this option offers all the features of the Reserve Auction and Classifieds options in one package offering greater potential for a successful sales outcome.
  • Seller sets Opening Bid/Offer Amount
    • Opening Bid/Offer Amount will set the Opening Bid/Offer Dollar Amount shown on the Listing.
      • Default setting is for the Opening Bid/Offer Dollar Amount to show on the Listing i.e. if Opening Bid/Offer Amount is set to $55,000, Opening Bid/Offer will show $55,000 on the Listing Thumbnail and Listing Page.
      • Seller may select “Do Not Show” during Listing creation, in which case the Opening Bid/Offer boxes will show “Price On Request” instead of a dollar amount.
    • An Initial Bid/Offer made below the Seller set Opening Bid/Offer Amount will be accepted by the Platform, at which point the Opening Bid/Offer Amount will reset to the Initial Bid/Offer placed, henceforth any Bids/Offers placed below the new reset Opening Bid/Offer Amount will not be accepted by the Platform.
    • The default setting is $0, it is recommended the Seller sets Opening Bid/Offer Amount at or below the wholesale value and below Reserve Price set for the Listing.
    • An Opening Bid/Offer Amount set too high may discourage Bids and Offers. Sellers should carefully consider the Opening Bid/Offer Amount they set for the Listing.
    • If the Listing is accepted, EXR will work with the Seller in setting a realistic Opening Bid/Offer Amount.
    • EXR reserves the right to refuse a Listing with an unrealistic Opening Bid/Offer Amount.
  • Seller sets Reserve Price
    • Reserve Price should be set to the lowest amount the Seller is willing to accept for the Listing.
    • If the Listing is accepted, EXR will work with the Seller in setting a realistic Reserve Price.
    • Exclusive reserves the right to refuse a Listing with an unrealistic Reserve Price.
    • Reserve Price may Only be adjusted Lower by the Seller during the Listing Period through the Seller Dashboard.
  • Seller sets Buy Now Price
    • Default setting is for the Buy Now Price Dollar Amount to show on the Listing i.e. if Buy Now is set to $75,000, Buy Now will show $75,000 on the Listing Page.
    • Seller may select “Do Not Show” during Listing creation, in which case Buy Now will show “Price On Request” instead of a dollar amount.
    • It is recommended Seller sets Buy Now Price at or above the Reserve Price set for the Listing.
    • If the Listing is accepted, EXR will work with the Seller in setting a realistic Buy Now Price.
    • EXR reserves the right to refuse a Listing with an unrealistic Buy Now Price.
    • Buy Now Price may Only be adjusted Lower by the Seller during the Listing Period through the Seller Dashboard.
  • Upon Approval, Listing goes Live into Classifieds immediately and is scheduled for the next Auction
    • Buy Now is active (Buyers may buy the Listing immediately at the Buy Now Price.)
    • Make Offer is active (Buyers may Make an Offer to the Seller lower than Buy Now Price and the Seller may accept such Offer at Seller discretion.)
  • During Live Auction Period
    • Buy Now is inactive
    • Make Offer is inactive
    • Buyers may Bid on the Listing through the Incremental Bid Box or Proxy Bid Box during the Live Auction Period.
    • If the Listing fails to sell during Live Auction Period, the Listing will go back into the Live Classifieds Period.
• Option 2) Auctions (Reserve and No-Reserve Auction Options)
  • Reserve Auction (The Listing will only sell if Highest Bid amount meets or exceeds set Reserve Price.)
  • No-Reserve Auction (The Listing will sell to highest Bidder regardless of Bid amount.)
• Reserve Auction (The Listing will only sell if Highest Bid amount meets or exceeds set Reserve Price.)
  • Seller sets Opening Bid/Offer Amount
    • Opening Bid/Offer Amount will set the Opening Bid/Offer Dollar Amount shown on the Listing.
      • Default setting is for the Opening Bid/Offer Dollar Amount to show on the Listing i.e. if Opening Bid/Offer Amount is set to $55,000, Opening Bid/Offer will show $55,000 on the Listing Thumbnail and Listing Page.
      • Seller may select “Do Not Show” during Listing creation, in which case the Opening Bid/Offer boxes will show “Price On Request” instead of a dollar amount.
    • An Initial Bid/Offer made below the Seller set Opening Bid/Offer Amount will be accepted by the Platform, at which point the Opening Bid/Offer Amount will reset to the Initial Bid/Offer placed, henceforth any Bids/Offers placed below the new reset Opening Bid/Offer Amount will not be accepted by the Platform.
    • The default setting is $0, it is recommended the Seller sets Opening Bid/Offer Amount at or below the wholesale value and below Reserve Price set for the Listing.
    • An Opening Bid/Offer Amount set too high may discourage Bids and Offers. Sellers should carefully consider the Opening Bid/Offer Amount they set for the Listing.
    • If the Listing is accepted, EXR will work with the Seller in setting a realistic Opening Bid/Offer Amount.
    • EXR reserves the right to refuse a Listing with an unrealistic Opening Bid/Offer Amount.
  • Seller sets Reserve Price
    • Reserve Price should be set to the lowest amount Seller is willing to accept for the Listing.
    • If the Listing is accepted, EXR will work with the Seller in setting a realistic Reserve Price.
    • EXR reserves the right to refuse a Listing with an unrealistic Reserve Price.
    • Reserve Price may be adjusted by Seller during the Listing Period through the Seller Dashboard.
      • Reserve Price may be adjusted higher or lower during Upcoming Period
      • Reserve Price may Only be adjusted Lower during Live Period
  • Upon Approval, Listing is scheduled for Auction and goes into Upcoming Period
    • Make Offer is active during Upcoming Period (Buyers may Make an Offer to the Seller and Seller may accept such Offer at Seller discretion.)
    • Make Offer is inactive during the Auction period.
    • Buyers may Bid on the Listing through the Incremental Bid Box or Proxy Bid Box during the Live Auction Period.
    • If the Listing fails to sell during Live Auction Period, the Listing will go back into Upcoming Period until the next scheduled Auction.
• No-Reserve Auction (The Listing will sell to highest Bidder regardless of Bid amount.)
  • Seller sets Opening Bid/Offer Amount
    • Opening Bid/Offer Amount will set the Opening Bid/Offer Dollar Amount shown on the Listing.
      • Default setting is for the Opening Bid/Offer Dollar Amount to show on the Listing i.e. if Opening Bid/Offer Amount is set to $55,000, Opening Bid/Offer will show $55,000 on the Listing Thumbnail and Listing Page.
      • Seller may select “Do Not Show” during Listing creation, in which case the Opening Bid/Offer boxes will show “Price On Request” instead of a dollar amount.
    • An Initial Bid/Offer made below the Seller set Opening Bid/Offer Amount will be accepted by the Platform, at which point the Opening Bid/Offer Amount will reset to the Initial Bid/Offer placed, henceforth any Bids/Offers placed below the new reset Opening Bid/Offer Amount will not be accepted by the Platform.
    • The default setting is $0, it is recommended the Seller sets Opening Bid/Offer Amount at or below the wholesale value and below Reserve Price set for the Listing.
    • An Opening Bid/Offer Amount set too high may discourage Bids and Offers. Sellers should carefully consider the Opening Bid/Offer Amount they set for the Listing.
    • If the Listing is accepted, EXR will work with the Seller in setting a realistic Opening Bid/Offer Amount.
    • EXR reserves the right to refuse a Listing with an unrealistic Opening Bid/Offer Amount.
  • Upon Approval, Listing is scheduled for Auction and goes into Upcoming Period
    • Make Offer is active during Upcoming Period (Buyers may Make an Offer to the Seller and Seller may accept such Offer at Seller discretion.)
    • Make Offer is inactive during the Auction period.
    • Buyers may Bid on the Listing through the Incremental Bid Box or Proxy Bid Box during the Live Auction Period.
    • If the Listing fails to sell during Live Auction Period, the Listing will go back into Upcoming Period until the next scheduled Auction.
  • The Seller may change from Reserve Auction to No-Reserve Auction at any time during the Listing Period through the Seller Dashboard.
  • The Seller May Not change from No-Reserve Auction to Reserve Auction, Exclusive Hybrid or Classifieds.
• Option 3) Classifieds (With Buy Now & Make Offer Options)
  • The Listing will sell to the first Buyer that pays the Buy Now Price or Seller may accept Buyer’s Make Offer Price.
  • Seller sets Opening Bid/Offer Amount
    • Opening Bid/Offer Amount will set the Opening Bid/Offer Dollar Amount shown on the Listing.
      • Default setting is for the Opening Bid/Offer Dollar Amount to show on the Listing i.e. if Opening Bid/Offer Amount is set to $55,000, Opening Bid/Offer will show $55,000 on the Listing Thumbnail and Listing Page.
      • Seller may select “Do Not Show” during Listing creation, in which case the Opening Bid/Offer boxes will show “Price On Request” instead of a dollar amount.
    • An Initial Bid/Offer made below the Seller set Opening Bid/Offer Amount will be accepted by the Platform, at which point the Opening Bid/Offer Amount will reset to the Initial Bid/Offer placed, henceforth any Bids/Offers placed below the new reset Opening Bid/Offer Amount will not be accepted by the Platform.
    • The default setting is $0, it is recommended the Seller sets Opening Bid/Offer Amount at or below the wholesale value and below Reserve Price set for the Listing.
    • An Opening Bid/Offer Amount set too high may discourage Bids and Offers. Sellers should carefully consider the Opening Bid/Offer Amount they set for the Listing.
    • If the Listing is accepted, EXR will work with the Seller in setting a realistic Opening Bid/Offer Amount.
    • EXR reserves the right to refuse a Listing with an unrealistic Opening Bid/Offer Amount.
    • Seller sets Buy Now Price (The Listing will sell to the first Buyer that pays the Buy Now Price.)
      • Default setting is for the Buy Now Price Dollar Amount to show on the Listing i.e. if Buy Now is set to $75,000, Buy Now will show $75,000 on the Listing Page.
      • Seller may select “Do Not Show” during Listing creation, in which case Buy Now will show “Price On Request” instead of a dollar amount.
      • If the Listing is accepted, EXR will work with the Seller in setting a realistic Buy Now Price.
      • EXR reserves the right to refuse a Listing with an unrealistic Buy Now Price.
      • The Buy Now Price may Only be adjusted Lower by the Seller during the Listing Period through the Seller Dashboard.
    • Upon Approval, Listing goes Live immediately
      • Buy Now is active (Buyers may buy the Listing immediately at the Buy Now Price.)
      • Make Offer is active (Buyers may Make an Offer to the Seller lower than Buy Now Price and the Seller may accept such Offer at Seller discretion.)
• Communication Management (All Communication between Buyers & Sellers is Managed & Monitored through the EXR Platform.)
• Seller may adjust the Listing (pricing, text, photos, videos, etc.) during the Listing Period through Seller Dashboard (restrictions apply).