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 proper...
PA Auctioneer Exam 2023/2024 with 100% correct answers
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? - correct answer at the discretion of the auctioneer
how are disputes handled? - correct answer 1.recognize 2. make a decision 3. act on it 4. move on
what is the importance of the opening talk? - correct answer take control- terms and conditions
what items must be covered in the opening talk before bidding begins? - correct answer terms and conditions of the sale
what should an auctioneer not do while selling on the block? - correct answer criticize, condemn and complain
what is the best personal property chant? - correct answer few filler words what is trotting? - correct answer price enhancing technique used by an auctioneer who has no bid or few and lower bids then wanted. Auctioneer pretends that they have other bids to stimulate the bidding
by legitimate bidders- It is illegal
what is a shill? - correct answer a price enhancing technique, used by an auctioneer to inflate the bids whereby and individual is placed in the audience to run up the bids to a predetermined amount usually set by the auctioneer- It is illegal and unethical
what is puffing? - correct answer a price enhancing technique that may originate with a person employed by the seller to raise the selling price by facilitating bids- Illegal, contract is then void or voidable
what is a fast knock? - correct answer a technique used to stimulate excitement amongst bidders, auctioneer asked for a low opening bid and "knocks it down" to the 1st bidder he or she recognizes- Legal
what is salting? - correct answer moving one item from one box to yours, stealing- illegal
how do you and what is the best way to break a pool or syndicate? - correct answer set reserves
Should you use a fast knock at the beginning of an auction to stimulate bidding by the audience? - correct answer You may
Two criteria that determine the value of an antique - correct answer condition, age
define personal property - correct answer chittle, tangible, moveable
what is the best way to charge for an appraisal? - correct answer by the hour or flat rate
what was the first american school of early painting? - correct answer Hudson River Valley Schools
what were the subjects of the earliest oil paintings? - correct answer landscapes from the Hudson
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