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PA AUCTIONEER EXAM LATEST 2024 WITH ACTUAL QUESTIONS AND CORRECT VERIFIED ANSWERS/ALREADY GRADED A+ 100% GUARANTEED TO PASS CONCEPTS(ALL WHAT YOU NEED) LATEST EDITION 2024$27.99
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PA AUCTIONEER EXAM LATEST 2024 WITH ACTUAL QUESTIONS AND CORRECT VERIFIED ANSWERS/ALREADY GRADED A+ 100% GUARANTEED TO PASS CONCEPTS(ALL WHAT YOU NEED) LATEST EDITION 2024
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PA AUCTIONEER
PA AUCTIONEER EXAM LATEST 2024 WITH ACTUAL QUESTIONS AND CORRECT VERIFIED ANSWERS/ALREADY GRADED A+ 100% GUARANTEED TO PASS CONCEPTS(ALL WHAT YOU NEED) LATEST EDITION 2024
PA AUCTIONEER EXAM LATEST 2024 WITH ACTUAL
QUESTIONS AND CORRECT VERIFIED
ANSWERS/ALREADY GRADED A+ 100% GUARANTEED
TO PASS CONCEPTS(ALL WHAT YOU NEED) LATEST
EDITION 2024
What is the best source of leads for estate auctions? - ANSWER-Attorneys and
bank trust departments
What is one of the best ways to get free advertising as an auctioneer? -
ANSWER-Conducting charity auctions
What is the definition of an estate? - ANSWER-Everything a person owns
including personal and real property, a person's financial status, as well as debt
Who enforces a person's will and directs the administration of an estate? -
ANSWER-The courts
What is intestate? - ANSWER-When a person died without a will, and has no
heirs. Their estate is disposed through the statutes of descent
What is a trust? - ANSWER-created by individuals with large states to ensure
control of the estate and avoid heavy taxation
,what is testate? - ANSWER-when a person dies with a will
what is probate? - ANSWER-collection and preservation of a dependents
property and distribution of property to those entitled to it by a will or law
what is an executor(male) or executrix (female)? - ANSWER-The person
identified by the testator(person who died with a will) that administers the
estate and accounts for all the items
what is the difference between an auctioneer and a broker? - ANSWER-
auctioneers may only sell, brokers can buy and sell
What are the two key elements of successful auctioneering? - ANSWER-
Education and product knowledge
An auctioneer as a profession can be defined as a: - ANSWER-Marketing
specialist
What are the aspects of managing an auction business? (4 things) - ANSWER-1)
PLANNING
2) ORGANIZING (put plan into action)
3) MOTIVATING (people to execute the plan)
4)CONTROLLING (measuring the results)
When assessing a potential estate auction - what is the first step for the
auctioneer? - ANSWER-Determine WHO and IF the individual has the right or
power to the transfer and sale of the property?
, What three things does an auctioneer analyze about estate property when
making an assessment? - ANSWER-Condition, location, and quality
Who sets and determines the value of property in an estate auction? -
ANSWER-The buyer
What is the first document that should be in the file of any estate sale? -
ANSWER-The contract for the sale
Name three questions that should be asked in the planning of an estate sale? -
ANSWER-Where is the best parking for cars, Is there a need for traffic control?
Where will the clerk and cashier be? Will there be a food stand? Is there a
restroom? What is the start time? What is the sale order? Who is the staff? Is
there special equipment needed? What signage is needed and where will it be
put?
What is shotgun advertising? Is it good or bad? - ANSWER-It is running
advertising everywhere and anywhere - it is not very cost effective
What are the three most common methods of advertising auctions? - ANSWER-
Direct mail (a mailing list), point of sale (signs posted at the property), media
(including radio, TV, newspapers, and internet)
An auction must always start _____ _________________ to maintain control -
ANSWER-on time!
What are the rules of the auction called? - ANSWER-Terms and Conditions of
the Sale - these MUST be stated before the bidding begins
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