Auction Study guides, Class notes & Summaries

State of Colorado Motor Vehicle Dealer Board Mastery Examination 2023 The Motor Vehicle Dealer Board has among its members - Board is comprised of three (3) motor vehicle dealers, three (3) used motor vehicle dealers, and three (3) public members The Motor Vehicle Dealer Board is authorized and empowered to a. issue or deny buyer agent licenses b. issue or deny manufacturer representative licenses c. issue or deny motor vehicle dealer and salesperson licenses d. all of the above...

Texas Auctioneer License Part 1 Exam Questions and Correct Answers Does an auctioneer need a federal firearms license? - 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? - ANSWER It must be returned to their business location before transferring. Who determines the auctioneers fee in federal bankruptcy court? - ANSWER The cour...

Gold Coast 45 Hour Exam Questions (exam version H 2023) Answer Key at the end Gold Coast 45 Hour Exam Questions (exam version H 2023) Answer Key at the end Property managers who are employed and compensated by community associations are required to obtain and maintain which type of license? CAM What term is used for the practice of specializing in one particular residential neighborhood or type of property? Farming upon closing a sales transaction who pays the sales associate their ...

Mastery Exam, Car Sales Test Colorado Exam | 257 Questions and Verified Answers (GRADED A) (LATEST UPDATE 2024 GRADED A+. The license of a motor vehicle salesperson or power-sports salesperson may be denied, revoked or suspended on any of the following grounds except: b) advertising a salvaged vehicle while identifying the vehicle as a salvage vehicle According to colorado law, which of the following must be licensed as a motor vehicle dealer and or powersports dealer? d) All of the above ...

PA Auctioneer Exam with updated questions and answers 2023 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 ANSWER fall of the hammer how do you handle a tie bid that occurs at hammer's fall? - CO...

The license of a motor vehicle salesperson or power-sports salesperson may be denied,revoked or suspended on any of the following grounds except: - Correct Answer b) advertising a salvaged vehicle while identifying the vehicle as a salvage vehicle According to colorado law, which of the following must be licensed as a motor vehicle dealer and or powersports dealer? - Correct Answer d) All of the above Colorado Lemon law covers: - Correct Answer c)defects that substantially impair the ma...

The Motor Vehicle Dealer Board has among its members - ANSWER Board is comprised of three (3) motor vehicle dealers, three (3) used motor vehicle dealers, and three (3) public members The Motor Vehicle Dealer Board is authorized and empowered to a. issue or deny buyer agent licenses b. issue or deny manufacturer representative licenses c. issue or deny motor vehicle dealer and salesperson licenses d. all of the above - ANSWER C. the administration, enforcement, issuance, and denia...

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 behavior, you should: CORRECT ANSWER Avoid the seller A real estate deed is a document to determine; CORRECT ANSWER Convey land ownership An auctioneers license number must be displayed on: CORRECT ...

GA Auction Study Guide with Complete Solutions

Jean and John Simmons are married and own their own home as tenants by entirety. When John dies the home is valued at $350,000. How much will be counted in his gross taxable estate? A. None, as it passes directly to his spouse, Jean. B. $175,000 - or one-half of the value C. $225,000 - or the full amount minus the $125,000 one-time exclusion for capital gains on a person residence. D. $350,000 - the full amount is includable. B. $175,000 - or one-half the value Once a will is prope...