100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Arkansas Auctioneer Exam with updated questions and answers 2023/24 $8.99   Add to cart

Exam (elaborations)

Arkansas Auctioneer Exam with updated questions and answers 2023/24

 27 views  2 purchases
  • Course
  • Auctioneer
  • Institution
  • Auctioneer

Arkansas Auctioneer Exam with updated questions and answers 2023 True/False: The Arkansas Auctioneers Licensing Board is appointed by vote of the Arkansas General Assembly -ANS False - The governor shall appoint the members of the Board All auctioneer licenses expire: -ANS June 30th True/F...

[Show more]

Preview 2 out of 12  pages

  • October 2, 2023
  • 12
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
  • Auctioneer
  • Auctioneer
avatar-seller
Emersyn
Arkansas Auctioneer Exam with updated questions and
answers 2023
True/False: The Arkansas Auctioneers Licensing Board is appointed by vote of the Arkansas General Assembly -ANS False - The governor shall appoint the members
of the Board
All auctioneer licenses expire: -ANS June 30th
True/False: The Arkansas Auctioneers Licensing Board has the final decision in the
suspension or revocation of an auctioneer's license. -ANS False - The Auctioneers License Act indicates the "Board shall be subject to the Arkansas Administrative Procedure Act"
Auctioneer -ANS An auctioneer is any person who offers, negotiates, or attempts to negotiate a listing contract, sale, purchase, or exchange of goods, chattels, merchandise, real or personal property, or of any other commodity which may lawfully be kept or offered for sale by or at public auction, or who sells the same at auction.
Bona Fide -ANS The term bona fide means that a person or agency is acting in good faith, without dishonesty, fraud, or deceit. In relation to an auction, the term is normally used to refer to a bona fide perchaser.
Bulk Sale -ANS A bulk sale is any transfer that is in bulk and not in the ordinary course of the transferor's business, or a major part of the materials, supplies, merchandise, or other inventory of any business subject to the Bulk Sale Law.
Consignee -ANS The consignee is a person or agent to whom something, usually goods, is entrusted by others for a purpose. The auctioneer is referred to as the consignee for such goods to be sold at auction. He or she is the person in whose care goods are placed for sale.
Consignor -ANS The consignor is the person or entity that consgins goods to an auctioneer. In an auction, the consignor is usually the seller.
Contract -ANS A voluntary, legally enforceable agreement between two or more people.
Liens -ANS Liens are adverse claims against property which may occur when the property has been used as collateral for a debt by the property owner or when a legal interest is created upon non-payment of a debt such as taxes or contractors bills.
Estates -ANS The auctioneer often deals with the sale of both real and personal property in the settlement of an estate. In working with estate auctions, certain terms are important.
Estate Administrator/Administratrix -ANS The administrator/administratrix of an estate is the person appointed by the court to oversee the settling of an estate when there is no will or when the person named in a will cannot or will not serve, or when the will names no executor or executrix.
Estate Executor/Executrix -ANS The executor/executrix of an estate is the person named in the will to carry out its provisions.
Goods -ANS Includes chattels, merchandise, personal property, or commodities of any form or type, which may lawfully be kept or offered for sale.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Emersyn. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $8.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

79650 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$8.99  2x  sold
  • (0)
  Add to cart