Auctions - Study guides, Revision notes & Summaries

An auction listing contract correct answers Must be written to be enforceable Seller correct answers In the contracting to operate a consignment auction this determine the rules of the sale between the auctioneer and the _____ If a public auction your seller directs you to disregard ethical behavior, you should: correct answers Avoid the seller A real estate deed is a document to determine; correct answers Convey land ownership An auctioneers license number must be displayed on: corr...

Absolute Auction correct answers also known as a no-reserve auction, it is an auction in which there is no reserve or restriction on price. Goods cannot be withdrawn once bidding is opened UNLESS no bid is made within a reasonable time. Reserve Auction correct answers an auction in which a seller reserves the right to accept or reject the highest bid within a predetermined time. ALL AUCTIONS ARE WITH RESERVE UNLESS OTHERWISE STATED. Auctioneers can withdraw goods at any time until the complet...

TEXAS AUCTIONEER LICENSE EXAM 200 QUESTIONS AND CORRECT ANSWERS SORTED. Name some persons that are exempt from needing an auctioneer license. - ANSWER1. U.S. court ordered sale 2. A government sponsored or conducted sale. 3. A charitable organization as long as no compensation 4. A sale of real property by a trustee under a security instrument. 5. A sale of real property by an owner with an interest or employee (unless he/she is a licensed auctioneer by trade) and all property is under...

List the 5 methods that can be used to dispose of personal property: -:- Transfers, Public Auctions, Trade-ins, Sales to other local contracting units, sealed bids The Purchasing Cycle has been recognized as the Six R's because goods and services must be obtained: -:- In the Right Quality, Right Quantity. At the Right Time, Right Price. From the Right Source. And in the Right Manner. True or False - The Cooleys Doctrine provides for a strict construction approach of state supremac...

An auction listing contract CORRECT ANSWER Must be written to be enforceable Seller CORRECT ANSWER In the contracting to operate a consignment auction this determine the rules of the sale between the auctioneer and the _____ If a public auction your seller directs you to disregard ethical behavior, you should: CORRECT ANSWER Avoid the seller A real estate deed is a document to determine; CORRECT ANSWER Convey land ownership An auctioneers license number must be displayed on: CORRECT ...

GA Auction Study Guide Exam Questions with 100% Correct Verified Answers 1. An auction listing contract--- correct answer --- Must be written to be enforceable 2. Seller--- correct answer --- In the contracting to operate a consignment auction this determine the rules of the sale between the auctioneer and the 3. If a public auction your seller directs you to disregard ethical behavior, you should--- correct answer --- Avoid the seller

Auctions Exam Questions with 100% Correct Answers | Verified | Updated 2024

TEXAS AUCTIONEER LICENSE EXAM ACTUAL EXAM COMPLETE 200 QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) / ALREADY GRADED A+

PA Auctioneer Exam with updated questions and answers 2023 what is the most important tool of the auctioneer? - CORRECT ANSWER product knowledge what is the trademark of the auctioneer? - CORRECT ANSWER chant who is accountable and accepts ultimate responsibility of at the auction? - CORRECT ANSWER the auctioneer when selling personal property at auction, when does the legal title pass? - CORRECT ANSWER fall of the hammer how do you handle a tie bid that occurs at hammer's fall? - CO...