Auction Study guides, Class notes & Summaries
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Sales Mastery Exam Set Of Questions And Correct Answers | Graded To Pass
- Exam (elaborations) • 6 pages • 2023
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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...
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Texas Auctioneer License Part 2 Exam Questions and Correct Answers
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Texas Auctioneer License Part 2 Exam Questions and Correct Answers 
Name some persons that are exempt from needing an auctioneer license. - CORRECT ANSWERS 1. U.S. court ordered sale 
2. A government sponsored or conducted sale. 
3. A charitable organization as long as no compensation 
4. A sale of real property by a trustee under a security instrument. 
5.A sale of real property by an owner with an interest or employee (unless he/she is a licensed auctioneer by trade) and all pr...
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Ky Board of Auctioneer Test with 100% verified questions and answers
- Exam (elaborations) • 18 pages • 2023
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Ky Board of Auctioneer Test with 100% verified questions and answers 
Absolute Auction -ANS After the auctioneer calls for bids on an article or lot, that article or lot cannot be 
withdrawn unless no bid is made within a reasonable time 
 
Auction with reserve -ANS when auctioneer may withdraw the property at any time until he or she announces the completion of the sale. The potential bidders are the offerors 
 
Auction with reserve and the sellers reserving the right to bid -ANS The auction...
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PA Auctioneer Exam 2023/2024 with 100% correct answers
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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? - correct answer at the discretion of the auctioneer
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Texas Auctioneer License-Part 1 questions with 100% verified answers
- Exam (elaborations) • 6 pages • 2023
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Texas Auctioneer License-Part 1 questions 
with 100% verified answers 
Does an auctioneer need a federal firearms license? - CORRECT 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? 
- CORRECT ANSWER It must be returned to their business location before transferring. 
Who determines the auctioneers fee in federal bankruptcy court? - CORRECT ANSWER The 
court sets the fee. ...
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Ky Board of Auctioneer Test with 100% verified questions and answers
- Exam (elaborations) • 11 pages • 2023
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Available in package deal
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Ky Board of Auctioneer Test with 100% 
verified questions and answers 
Absolute Auction - CORRECT ANSWER After the auctioneer calls for bids on an article or lot, 
that article or lot cannot be 
withdrawn unless no bid is made within a reasonable time 
Auction with reserve - CORRECT ANSWER when auctioneer may withdraw the property at any 
time until he or she announces the completion of the sale. The potential bidders are the offerors 
Auction with reserve and the sellers reserving the right ...
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Texas Auction License 1802 Exam with updated questions and answers
- Exam (elaborations) • 3 pages • 2023
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Texas Auction License 1802 Exam with 
updated questions and answers 
1802.001 - CORRECT ANSWER Definitions of general provision 
1802.002 - CORRECT ANSWER Applicability of general provision 
1802.003 - CORRECT ANSWER preemption under general provision 
1802.004 - CORRECT ANSWER Advertising under general provisions 
1802.051 - CORRECT ANSWER License required 
1802.052 - CORRECT ANSWER Eligibility for Auctioneer's License 
1802.053 - CORRECT ANSWER Eligibility for Associate Auctioneer's License...
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Texas Auctioneer License Part 1 Exam With Verified Solutions 2023/2024
- Exam (elaborations) • 8 pages • 2023
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Texas Auctioneer License Part 1 Exam With Verified Solutions 2023/2024. 
Does an auc*oneer need a federal firearms license? 
Yes AND No; if estate sale then no, consignment sale then yes 
If an auc*oneer sales a firearm away from their business loca*on, how do they transfer to 
buyer? 
It must be returned to their business loca*on before transferring. 
Who determines the auc*oneers fee in federal bankruptcy court? 
The court sets the fee. 
Who must obtain a firearms license? 
Persons in the busi...
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Ky Board of Auctioneer Test 2023 Questions and Answers
- Exam (elaborations) • 11 pages • 2023
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Ky Board of Auctioneer Test 2023 Questions and Answers
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Colorado Car Sales Mastery Exam Questions and Verified Answers Latest Updated 2024 (GRADED)
- Exam (elaborations) • 50 pages • 2024
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Colorado Car Sales Mastery Exam Questions and Verified Answers Latest Updated 2024 (GRADED) 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 
Colorado Lemon law covers: 
c)...
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