EXR offers Three Marketplace Listing Mode Options:

• Option 1) Auctions
  • 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 2) Classifieds
  • (The Listing will sell to the first Buyer that pays the Buy Now Price or Seller may accept Buyer’s Make Offer Price.)
• Option 3) Hybrid (Auctions + Classifieds)
  • (The Listing will sell if Highest Bid amount meets or exceeds set Reserve Price or to the first Buyer that pays the Buy Now Price or the Seller may accept Buyer’s Make Offer Price.)

Marketplace Listing Mode Options Full Description:

• Option 1) Auctions
• 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.
  • Communication Management (All Communication between Buyers & Sellers is Managed & Monitored through the EXR Platform.)
• 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, Classifieds or Hybrid.
  • Communication Management (All Communication between Buyers & Sellers is Managed & Monitored through the EXR Platform.)
• Option 2) Classifieds (The Listing will sell to the first Buyer that pays the Buy Now Price or the 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.)
• Option 3) Hybrid (Auctions + Classifieds) (The Listing will sell if Highest Bid amount meets or exceeds set Reserve Price or 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.
  • 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).