Posted by Pops1532 on August 15, 2010 at 10:48:02 from (71.239.11.176):
In Reply to: Re: gene shoup auction posted by Armand Tatro on August 15, 2010 at 06:14:35:
Some auctioneers shift a portion of the commission from the seller to the buyer by using a BP. For example: instead of charging the seller 20% commission some auctioneers will charge the seller 10% and the buyer 10%. Then there's some that only lower the seller commission to 15% and still charge the buyer 10%, thus making an extra 5%. Auctioneers that use a BP say its a tool that helps them make a deal with sellers. Its not robbery, but I'm certainly no fan of the BP.
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