PA AUCTIONEER EXAM 2024 ACTUAL EXAM 120 QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS) | LATEST EDITION | ALREADY GRADED A+ 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 ANSWE R------------- 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 cov ered 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 pretend s 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 a udience 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 o ne 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 a udience? ------- 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
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