Additional Fees Charged to Buyers

In some instances, affiliates are able to charge buyers additional fees on a per lot basis.  Here are some guidelines for eligible situations.  

Document Administration Fee for Titled and Registered Assets

• Affiliates must be a registered dealer in order to charge and collect a Document Administration (Doc Admin) Fee.

• The Doc Admin Fee may be charged up to the maximum amount allowed by state law under the following conditions:

  1. The affiliate is a licensed dealer for the asset being sold, and the dealer number is listed in the auction terms.

  2. The affiliate is responsible for transferring the title/registration under their dealership/license.

  3. The Doc Admin Fee is added as a Lot Fee on the item.

Important: Doc Admin Fees are not allowed if the affiliate is not transferring the title/registration.

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Rigging / Removal / Logistical Fee

• Affiliates may charge fees for rigging, removal, or other logistical services.

• Example: A $500 rigging fee is required to remove a piece of equipment from a building.

• These fees may be passed on to the buyer, but they must:

  1. Be clearly stated in the lot description.

  2. Be added as a fee on the lot so that the amount is automatically included on the buyer’s invoice.

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Credit Card Surcharge / Additional Payment Fees

• Affiliates are not required to accept credit card payments over $5,000.

• If they choose to accept a credit card payment above this amount, they may charge a surcharge of up to 4%.

• A reasonable wire transfer fee (not exceeding $30) may also be charged if clearly noted in the auction terms.

Please contact [e-mail] if you have any questions or need clarification.