Fees & Pricing (Seller)

1. Listing Fee will be assessed at $200.00 per item for “Premier Auctions” only. This is a non-refundable administration fee that is collected prior to each item going to auction.
2. Inspection Fees will be paid direct to inspection company payable in advance of the auction. Inspection Fees will be quoted separately and priced based on time, travel and number of units inspected.
3. Re-inspection Fees will be assessed if the Equipment requires inspection due to alterations or if it is determined that use of the Equipment has potentially affected its condition. Re-inspections will be assessed at 50% of the original Inspection Fee.
4. Unauthorized Use Penalty will be assessed if it has been determined that the Equipment has been used in excess of its agreed-to usage. Acceptable usage is defined as moving the Equipment for storage, Auction Inspection, repairs and/or painting. Unauthorized use will subject the Equipment to auction cancellation and a penalty of $500.00.  If unauthorized use is determined post-Auction, then a penalty of 10% of the final sale price will be assessed and deducted from the settlement proceeds. If unauthorized use (by Seller) has been determined and proven by Buyer (and Buyer has taken possession), then Seller will refund all proceeds of the sale of the Equipment and assume all expenses associated with freight on the return of the Equipment, as well as any or all documented expenses related to the purchase of the Equipment borne by the Buyer.
5. Delay of Equipment Transfer Penalty will be assessed to the Seller if the Equipment is not ready for Buyer to take possession within 24 hours after Seller has received notification from CIA.com that the purchase funds have been received and have been escrowed.   A penalty of $200.00 per day plus Buyer’s expenses relating to freight delays, driver layovers, meals and lodging, permit rescheduling, and/or air/ground transportation rescheduling will be assessed to Seller, and funds equal to that penalty will be withheld from final settlement proceeds. 
6. Seller Default Penalty will be assessed if Seller fails to release the Equipment to Buyer or Buyer’s freight agent for any reason. Seller will be fined 25% of the final sale price (auction winning price) plus all other fees associated with these transactions that are to be borne by the Seller. Seller agrees to reimburse all documented expenses borne by the Buyer in its efforts to purchase the Equipment. 
7. Sellers whom are determined to be involved in shill bidding (manipulating bids, bidding on own equipment), will be assessed a penalty of 25% of the final sales price (auction winning price) plus all other fees associated with this listing. Seller will not be entitled to any refunds of expenses associated with the listing, inspection and sale of the Equipment.
8. Sellers commission schedule payable to CIA.com:

                        1   to $5,000    22%

                  5,001   to 10,000    20%

                10,001   to 25,000    18%

                25,001   to 50,000    16%

                50,001   to above     15%

Buyer Fees

1. Buyer will pay 2% of winning bid price to CIA.com as a Buyer’s Premium.
2.  Buyer will pay a 15% deposit within 24 hours of receiving notification from CIA.com that Buyer has submitted the winning bid. The balance of the purchase funds shall be due within 4 business days of buyer receiving notification of having the winning bid.
3. Buyer is subject to a Default Penalty Fee if Buyer fails to complete the transaction for any reason. A penalty of 12% of the winning bid price will be assessed. Buyer will be banned from using the CIA.com web site until all fees are paid in full.