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Consignment Agreement

Consignment Agreement

Thank you for selecting Trading Places to sell your furniture and decorative accessories. All new Consignors are required to complete a Consignment Agreement to create an account. Your account will remain open and you are welcome to consign with us on an ongoing basis. For more information on How to Consign visit our Consignor Center tab on the website.

Please fill out our convenient online Consignment Agreement form.  If you prefer to download the agreement and drop off a copy directly to the store, please do so before your furniture arrives in our showroom.   DOWNLOAD CONSIGNMENT AGREEMENT

Consignment Agreement
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TERMS

Trading Places will establish and set the pricing on all consigned items. We will always strive to secure the
best possible price for your item based on manufacturer, quality, condition and marketability of the piece.
• Sales and promotions are at the discretion of Trading Places in order to keep inventory fresh and moving.
• Items will be accepted for a 120 day consignment period, starting from day that they are priced and placed
on the sales floor.
o Inventory will reduced in price via a preset markdown schedule. There is a progressive price
reduction of 10% every 25 days.
o Holiday items will have a 60 day consignment period and follow a 25/50/75 percent markdown
every 15 days
• There is a ONE TIME ONLY account registration fee of $15 to establish and maintain your account. This is
simply deducted from the proceeds of your sold items.
• If items are requested to be reclaimed prior to end of the consignment period, there will be a restocking fee of
30% of the starting price that is payable prior to the items being picked up.
• All consignment items must be clean, in displayable condition and ready for resale. Trading Places may
charge a fee up to $25 if items require additional cleaning or repair. The cost of this work, if necessary, will
be deducted from the consignor’s portion of the proceeds from the sale.
• All items consigned with Trading Places Unlimited, LLC remain the property of the consignor. While all
reasonable efforts will be made to keep consigned items clean and safe from damage; Trading Places is not
responsible for LOSS or DAMAGE to consigned articles from fire, water, theft, damages or other casualty.
Please ensure that

COMMISSION

I understand my share is 50% of the final selling price for items sold within the 120 day consignment period.
• A handling fee starting at $.99 on up will be added to each item depending upon its price and helps to cover
credit and debit card processing fees, photography and online advertising. This small fee is paid by the
buyer, not the consignor. The consignor's payout will be based on the final selling price less the handling fee.

UNSOLD ITEMS

If you wish to retrieve your unsold items, you must do so within 5 days after the end of the consignment period. Please mark your calendar and monitor your online account as Trading Places does not call to notify of unsold items. We retain the right to sell those items until they are removed by the consignor or his designated representative. Unless otherwise specified, items left in the shop 5 days after the consignment period ends will be donated to a charitable organization or liquidated at the discretion of Trading Places.
(donation receipts available upon request)

PAYMENTS

For your convenience, we have a “Consignor Login” page on our website which enables you to track the status of your items and see available funds. Please use this to manage your online account, when your consigned items are sold as well as your payable balance.
• Checks are cut on or after the 15th of each month for the previous month's sales for balances over $25.
• Payouts are available for pickup in person in person at Trading Places or used at any time for store credit;
No cash settlements tendered.
• We do not automatically mail checks; If you prefer to have a check mailed to you, there is a $1.00 mailing
fee. Mail Check:
• Checks not picked up after 12 months will be expired and forfeited to store credit.
• Checks that are picked up and not cashed within the appropriate time frame will not be reissued.
For your convenience, we have a “Consignor Login” page on our website which enables you to track the status of your items and see available funds. Please use this to manage your online account, when your consigned items are sold as well as your payable balance. • Checks are cut on or after the 15th of each month for the previous month's sales for balances over $25. • Payouts are available for pickup in person in person at Trading Places or used at any time for store credit; No cash settlements tendered. • We do not automatically mail checks; If you prefer to have a check mailed to you, there is a $1.00 mailing fee. Mail Check: • Checks not picked up after 12 months will be expired and forfeited to store credit. • Checks that are picked up and not cashed within the appropriate time frame will not be reissued.
I certify that I am the rightful owner of these items and/or have the authority to sell them on consignment.
Trading Places will be held harmless from any disputes if this is violated .

I have read this document and agree to its terms.

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