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Auctioneer Test Exam With 100% Correct Answers 2024
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Auctioneer Test Exam With 100% Correct Answers 2024
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Auctioneer Test Exam With 100% Correct Answers 2024Auctioneer - Correct Answer-Who offers, negotiates or attempts to negotiate a listing contract.
bona fide - Correct Answer-A person or agency is acting in good faith, without dishonesty, fraud, or deceit.
Bulk sale - Correct Answer-Any transfer that is in bulk and not in the ordinary course of the transferor's Business or the majority part of material supplies merchandise or other inventory of any business subject to the bulk sale law.
consignee - Correct Answer-A person or agent to whom something usually goods is interested but others for a purpose
Consignor - Correct Answer-The person or entity that consigns goods to an auctioneer
Liens - Correct Answer-Adverse claims against properties which may occur when the property has been used as collateral or a debt by the property owner or when a legal interest is created up on nonpayment of debt such as taxes or contractors bills
Estates - Correct Answer-The auctioneer offer deals with the sale of both real and personal property in
the instrument of the estate in working at the estate auction contain terms are important
Administrator, administratrix - Correct Answer-The person appointed by the courts to oversee the settling over the state when there is no wheel or when the person named in a wheel cannot or will not serve or when the Will names no executor
Administrator - Correct Answer-A male appointed by the court to administer the estate of an intestate
decedent.
Administratrix - Correct Answer-a woman who has been appointed by the court to settle an estate
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