Auctioneer Tests Bundle Set

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...

True/False: The Arkansas Auctioneers Licensing Board is appointed by vote of the Arkansas General Assembly CORRECT ANSWER False - The governor shall appoint the members of the Board All auctioneer licenses expire: CORRECT ANSWER June 30th True/False: The Arkansas Auctioneers Licensing Board ha...

A composition of copper and silver is identified as which? CORRECT ANSWER Pewter When weighing silver, an ounce is what part of a pound? CORRECT ANSWER 1/12 18 karat gold jewelry is what percent gold? CORRECT ANSWER .75 An alloy of tin, lead and brass or copper is characteristic of? CORRECT...

which of the following items may be handed to the buyer at auction? handguns rifles automatic rifles none of the above CORRECT ANSWER none of the above in business the term finance refers to: I. the raising of funds II. the prudent use of funds I only II only I and II

Auction CORRECT ANSWER The sale of goods or real estate by means of exchanges between an auctioneer and members of an audience There shall be ______ member North Carolina auctioneer commission having the power and responsibilities set out in this chapter. The____ shall appoint the members of the ...

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 beha...

Can an auctioneer sell the carcass or pelt of a fur bearing animal? CORRECT ANSWER no, only a licensed trapper or wholesale fur dealer. How many questions are on your exam? CORRECT ANSWER 80 How many questions do you need to answer correctly on the exam to pass? CORRECT ANSWER 60 How many h...

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 ...