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JR.INTER_MATHS-1A_____________________________________________ IMPORTANT QUESTIONS MATHS 1A &
Empirical research working with cross section data finds a negative, or statistically insignificant, relationship.
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 $200$500. 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 the Agent. 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: 1. 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. 2. Marketing Packet. Each new Agent receives a folder with RCI business cards, RCI brochures, RCI information sheets, RCI consignment agreements/contracts 3. Agreement with RCI Auction Group to use the RCI name when finding and soliciting new business. 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 auctions. Please email: business.development@RCIauctions.com
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