TEXAS AUCTIONEER LICENSE EXAM
2024-2025 LATEST UPDATED
COMPLETE
200 QUESTIONS WITH DETAILED
VERIFIED AND 100% CORRECT
ANSWERS BRAND NEW EXAM
GRADED A+
In Deceptive Trade Practice Law what does
"intentionally" mean? - ....ANSWER...means actual
awareness of the falsity, deception, or unfairness of the
act or practice, or the condition, defect, or failure
constituting a breach of warranty giving rise to the
consumer's claim, coupled with the specific intent that the
consumer act in detrimental reliance on the falsity or
deception or in detrimental ignorance of the unfairness.
Is a person's name in combination with his social security
number is considered "sensitive" or "personal" identifying
information? - ....ANSWER...The social security makes
it "sensitive'. Just a name is considered "personal".
1
,If there is a breach of personal information or "sensitive"
information, a business must notify the harmed persons
when? - ....ANSWER...immediately; unless it would
impede a criminal investigation
True of False. It is acceptable to charge a "surcharge" to
a buyer for use of a credit card. -
....ANSWER...False. Governments and a few others can
do this but everyone else may not.
Reconditioning means.... - ....ANSWER...any
appropriate process or procedure by which distressed
merchandise can be brought into compliance with
departmental standards for the consumption or use of
that merchandise by the public.
What is a salvage broker? - ....ANSWER...a person who
engages in the business of selling, distributing, or
otherwise trafficking in distressed or salvaged
merchandise, but who does not operate a salvage
establishment.
True or False. Both salvage brokers and salvage
establishment operators must have a license. -
....ANSWER...True.
2
,Is a manufactured home real property? -
....ANSWER...No; unless it has been "attached" to real
estate by a Statement of Ownership and Location.
3
, Does a manufactured home retailer need to have a real
estate license? - ....ANSWER...No.
T or F. All federal liens must be filed in the county where
the real property lies. - ....ANSWER...No. For
corporations and partnerships, the lien must be filed with
the Secretary of State. All others are filed in the county
where the property lies.
True of False. An auctioneer can auction only 2
manufactured home in a 12 month period or else he will
have to have a retail license. -
....ANSWER...False. If anyone sells more than 1
manufactured home in a 12 month period, they must
have a license to sell. All salespersons working for a
retailer must also have a license.
A retailer selling a manufactured home at auction must
notify the TEXAS DEPARTMENT OF HOUSING AND
COMMUNITY AFFAIRS within how many days of the
sale? - ....ANSWER...30 days
True of False. An auctioneer needs a real estate license to
auction real property in Texas. -
4
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