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RCIAuctions.com Agent Program
The RCI Auction group offers an Agent Program to individuals and businesses who are
interested in working with RCI. The Agent program allows Agents to both find work and help
conduct online auctions on a limited basis.
Becoming an RCI Agent is easy we provide you with the training and tools to find new auctions
and make extra money.
What does being an RCI Agent Entail?
An RCI agent has the permission of RCI to solicit new business/auctions using the RCI Auction
Group name and website (http://www.RCIauctions.com). Agents have an overall agreement with
the RCI Auction Group and then will have a separate agreement with each individual warehouse
that the Agent works with when finding new business. The separate agreement with the
individual RCI warehouse protects both you the agent, and the RCI warehouse.
For example, a registered Agent knows about a bar or restaurant that has closed down in
Virginia. The Agent visits the restaurant/bar location and finds a "for lease" poster on door with a
phone number for inquiries. The agent calls and finds out about the details of the equipment and
if it is for available outside of the lease (either for purchase or auction).
If the equipment is available, the Agent can then contact the RCI Virginia warehouse and make
an agreement regarding the possible sale. The Agent and the RCI Virginia warehouse will decide
who will handle what in regards to the auction process and will work.
How much does an RCI Agent make?
RCI Agents are generally paid on a per auction fee, or in accordance to the agreement they sign
with the local RCI warehouse/division that the Agent works with.
The typical RCI Agent receives a percentage of the proceeds or profit. 2 examples below for use
as a guide only please remember all agreements are up to the individual RCI warehouses and
the Agent to agree to.
Example #1. An Agent finds a potential new auction, gets the RCI contract signed, and assists
throughout the auction process. The auction brings in $25,000.00 (not including buyers
premium), the Agent would receive $1,250.00 from the RCI warehouse who handles the sale.
This 5% agreement typically requires the Agent to assist during the auction process with
inventory/pictures, being present on the inspection date, helping with advertising/getting the word
out, and being present and assisting bidders on the removal date.
Example #2. An Agent has a good lead for a new auction and gives the RCI warehouse the
phone number/contact details of the lead. RCI calls the lead, signs the contract and handles the
sale without any further assistance from the Agent. In this case, the Agent can expect to make
5% of the NET PROFIT from the auction. This figure varies, and depends on a number of
factors. A rough estimate for a $25,000 auction would be the Agent receiving anywhere from
The RCI warehouse/division that is closest to where the equipment is located will sign an
agreement with the Agent for each new auction sale. We strongly recommend communicating
via email/in writing when doing these agreements so there is no confusion regarding fee's paid to
How do I become an RCI Agent and what are the costs?
Becoming an RCI Agent is easy and is a great way to get into the online auction business
without a large financial commitment. The RCI Auction group charges registered Agents
$250/year, due at the start of each year.
In return, the Agent receives from RCI:
Training. RCI will provide the Agent with an email with useful information for finding new
auctions and will also provide up to 1 hour of over the phone training.
Marketing Packet. Each new Agent receives a folder with RCI business cards, RCI
brochures, RCI information sheets, RCI consignment agreements/contracts
Agreement with RCI Auction Group to use the RCI name when finding and soliciting new
Ask a Question / Contact RCI:
We are here to help and want to see RCI grow but we can't grow unless we find quality people
like yourself who are motivated to make some extra income and help us find new online
Please email: business.development@RCIauctions.com
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