What is the penalty swapping from observatory to auction house

[NasiPuti]

Hey guys just wanted to ask if you lose all your progress or what the penalty is for swapping between the observatory and auction house.

[¤ OpN ¤]

Yes. Alllllll enjoy the regrind or make an alt.

[Dragonblade]

the only penalty is that you can't use the items acquired through the other faction.

[JimDFTW]

and you lose any favor you have at the time of the swap.