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"If one wanted to sell something, how do the prospective buyers find out it's for sale?"

Post on ebay or audiogon, craiglist, etc.

"I did just two caculations of their fee and for $1600 it is $52 or 3 1/4 %. Not bad. For $400 it's $25 or 6 1/4%."

Thats the fee to handle the escrow.  Excludes listing, selling, reserve, and other fees from provides of listing or selling servies.  

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