Exam (elaborations)
Auctioneer Exam Questions With 100% Correct Answers 2024
- Course
- Institution
Auctioneer Exam Questions With 100% Correct Answers 2024
[Show more]
Content preview
Auctioneer Exam Questions With 100% Correct Answers 2024Auction - Correct Answer-method of sale of real or personal property, goods, or chattels, at a predetermined date and time, by means of verbal exchange, regular mail, telecommunications, the internet, an electronic transmission, or a physical gesture between an auctioneer and members of the audience
Auctioneer - Correct Answer-any person who engages or who by advertising or otherwise holds the person out as being able to engage in the calling for recognition of and the acceptance of offers the purchase of real or personal property goods or chattels
at auction either directly or through the use of other licensed auctioneers or apprentice auctioneers .
apprentice auctioneer - Correct Answer-any individual who is sponsored by an auctioneer to deal or engage in any activities mentioned in division A or this section
special auctioneer - Correct Answer-any person who currently is subject to section 4707.071 of the revised code
absolute auction - Correct Answer-and auction of real or personal property to which all of the following apply 1. the property is sold to the highest bidder without reserve
2. The auction does not require a minimum bid.
3. The auction does not require competing bids of any type by the seller or an agent of the seller.
4. The seller of the property cannot withdraw the property from the auction after the auction is opened and there is public solicitation or calling for bids.
Reserve auction - Correct Answer-and auction in which the seller or an agent of the seller reserves the right to establish a stated minimum bid the right to reject or accept any or all bids or the right to withdraw the real or personal property at any time prior to the completion of the auction by the auctioneer.
Auction mediation company - Correct Answer-a company that provides a forum through the internet for a person to sell the person real or property via the submission of silent bids using a computer or other electronic device .
Public authority - Correct Answer-any board or commission of the state or any officer or such a board or commission or any political subdivision of the state.
Estate auction - Correct Answer-the auction of real or personal property of a deceased person .
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 professoraxel. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.99. 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