Dealer's Premium
A Dealer's Premium is a standard fee or commission that antique dealers charge on top of the purchase price when buying or selling items. It's similar to a service charge that compensates dealers for their expertise, business costs, and the work involved in finding, authenticating, and selling antiques. When you see this term in a resume, it usually indicates that the person has experience in professional antique dealing, including pricing strategies and transaction management. The term might also appear as "buyer's premium" in auction settings.
Examples in Resumes
Managed Dealer's Premium calculations and client communications for high-value antique sales
Implemented standardized Dealer's Premium rates that increased business revenue by 15%
Negotiated Dealer's Premium agreements with international collectors and auction houses
Typical job title: "Antique Dealers"
Also try searching for:
Where to Find Antique Dealers
Professional Organizations
Online Communities
Industry Resources
Example Interview Questions
Senior Level Questions
Q: How do you determine appropriate Dealer's Premium rates for different types of items?
Expected Answer: A senior dealer should explain market analysis, item value considerations, competitor research, and how to balance premium rates with customer satisfaction and business profitability.
Q: How would you handle a dispute over Dealer's Premium charges with a valuable client?
Expected Answer: Should demonstrate conflict resolution skills, knowledge of industry standards, and ability to maintain client relationships while protecting business interests.
Mid Level Questions
Q: Explain how you communicate Dealer's Premium charges to clients.
Expected Answer: Should discuss transparency in pricing, clear documentation methods, and effective client communication strategies.
Q: What factors influence your Dealer's Premium structure?
Expected Answer: Should mention market conditions, item values, operating costs, competition, and customer relationships.
Junior Level Questions
Q: What is a Dealer's Premium and when is it applied?
Expected Answer: Should explain basic concept of the premium as a standard business charge and common situations where it's applied.
Q: How do you calculate a basic Dealer's Premium?
Expected Answer: Should demonstrate understanding of percentage-based calculations and standard industry rates.
Experience Level Indicators
Junior (0-2 years)
- Basic premium calculations
- Standard documentation procedures
- Client communication basics
- Understanding of common premium rates
Mid (2-5 years)
- Premium structure development
- Client negotiation
- Market rate analysis
- Premium documentation management
Senior (5+ years)
- Premium strategy development
- High-value transaction management
- International dealing experience
- Team training and supervision
Red Flags to Watch For
- No knowledge of standard industry premium rates
- Lack of experience in premium documentation
- Poor understanding of client communication
- No experience with premium negotiations
Related Terms
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