Auctioneer license - Study guides, Class notes & Summaries

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

TEXAS AUCTIONEER LICENSE-PART 1

When the terms of an agreement are declared by the parties, an ______________ has been made. correct answers Express Contract An expression by 2 or more persons of a common intention to create a legal expression is an ___________. correct answers Agreement A _________ is an agreement that creates an obligation between 2 or more parties. correct answers Contract Authority given to an agent may be ___________ or __________. correct answers Expressed, Implied A principal or agent may te...

Texas Auctioneer License-Part 2 Exam Solved 100% Correct

Does an auctioneer need a federal firearms license? CORRECT ANSWER Yes AND No; if estate sale then no, consignment sale then yes If an auctioneer sales a firearm away from their business location, how do they transfer to buyer? CORRECT ANSWER It must be returned to their business location before transferring. Who determines the auctioneers fee in federal bankruptcy court? CORRECT ANSWER The court sets the fee. Who must obtain a firearms license? CORRECT ANSWER Persons in the business of...

Name some persons that are exempt from needing an auctioneer license. 1. 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 a security instrument 6. sealed bid auction w/o option to bid again 7. livestoc...

Texas Auctioneer License-Part 1 Exam With 100% Correct Answers 2024

TX Auctioneer License Exam-#2- Solved

Texas Auctioneer License-Part 1 Exam Graded A+ 2024