GA AUCTION STUDY MATERIAL
PRACTICE SET 2026 TESTED
QUESTIONS AND CORRECT
SOLUTIONS
◉ Auctioneer. 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. 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. Answer: any person who currently is subject to
section 4707.071 of the revised code
◉ absolute auction. 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. 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. 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. 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. Answer: the auction of real or personal property of a
deceased person .
◉ Absentee bidding. Answer: the method by which a potential purchaser
authorizes a proxy to place on behalf of the potential purchaser a written
or oral bid to an auctioneer or auction firm or an agent of an auctioneer
or auction firm
PRACTICE SET 2026 TESTED
QUESTIONS AND CORRECT
SOLUTIONS
◉ Auctioneer. 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. 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. Answer: any person who currently is subject to
section 4707.071 of the revised code
◉ absolute auction. 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. 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. 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. 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. Answer: the auction of real or personal property of a
deceased person .
◉ Absentee bidding. Answer: the method by which a potential purchaser
authorizes a proxy to place on behalf of the potential purchaser a written
or oral bid to an auctioneer or auction firm or an agent of an auctioneer
or auction firm
