VERIFIED AUCTIONEER EXAM 2026
WITH 100% ACCURATE ANSWERS
Auction - Precise 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 - Precise 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 - Precise 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 - Precise Answer ✔✔any person who currently is
subject to section 4707.071 of the revised code
absolute auction - Precise 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 - Precise Answer ✔✔and auction in which the seller or
WITH 100% ACCURATE ANSWERS
Auction - Precise 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 - Precise 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 - Precise 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 - Precise Answer ✔✔any person who currently is
subject to section 4707.071 of the revised code
absolute auction - Precise 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 - Precise Answer ✔✔and auction in which the seller or
