Fees & Charges

Fees & Charges

4. Consignor agrees to pay RES when due entry fees and commissions pursuant to the following Terms of Payment:

• (a) If the Horse is sold, a commission equal to the greater of: (i) ten percent (10%) of the highest bid of the Horse, or (ii) Three Hundred Dollars ($300).

• (b) If the Horse is not sold, a commission equal to the greater of: (i) five percent (5%) of the highest bid of the Horse, or (ii) Three Hundred Dollars ($300).

• (c) If the Horse is sold privately prior to or at the Sale or while located on the Sale grounds, a commission equal to the greater of: (i) ten percent (10%) of the actual sales price, or (ii) Six Hundred Dollars ($600).

• (d) If the Horse is withdrawn from the Sale for any reason other than a private sale, a minimum withdrawal fee of Six Hundred Dollars ($600) will be charged.

• (e) In the event the Horse is withdrawn from the Sale due to a private sale, a commission equal to the greater of: (i) five percent (5%) of the sale price of the Horse; or (ii) Six Hundred Dollars ($600).

• (f) In the event RES agrees to accept an entry after closing date, entry must be accompanied by $100 late entry fee, which is due at the time entry is accepted.

• (g) Catalog photos, breed registry transfer fees, feed charges and other fees or charges as disclosed herein will be deducted from sales proceeds of the Horse or, in the event the sales proceeds of the Horse are insufficient to pay such charges, charged to Consignor.

• Catalog Photo Fee: $50 per horse

• Extra Feed per day, per horse: $20

• Hold The Gate Fee per horse: $300

• Late Entry Fee (if entry is accepted by RES): $100

• Returned Check Fee: $50

• Unpaid Account after 30 Days: Minimum $50 Late Fee plus 1.5% interest per month (18% per annum); Maximum 5% Late Fee Plus 1.5% interest per month (18% APR) 

• Vet Fee to Issue Health Papers or Coggins: $150

• Wire Transfer Fee (domestic; incoming or outgoing; international wire fees are additional): $50