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
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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 nevilletadayo. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $20.99. You're not tied to anything after your purchase.
