Indiana Auctioneer Licensure Exam (Original) EXAM |Latest Update | Original
Questions & Answers with Detailed Rationales | Graded A+
This comprehensive study guide covers the core domains tested
on the Indiana Auctioneer licensure exam, aligned with the
2026–2027 curriculum. It includes over 100 original practice
questions with detailed rationales, organized by topic: licensing
requirements, auction law and regulation, auction procedures
and ethics, and specialty knowledge (appraisals, personal
property, and math). The guide reflects the latest Indiana Code
IC 25-6.1 and Indiana Administrative Code Title 812
requirements, including the 2026 exam dates and the recent
convictions-of-concern rulemaking.
Section 1: Licensing Requirements & Eligibility
Q1. Under Indiana law, who is authorized to conduct an auction
in Indiana?
A. Any person who owns the property being sold
B. Only a licensed Indiana auctioneer or a valid temporary
permit holder
C. Any real estate broker
D. A notary public
Answer: B
Rationale: Indiana law permits only licensed auctioneers or
,temporary permit holders to conduct auctions. IC 25-6.1-3-2(a)
states that every individual, before acting as an auctioneer,
must obtain a license from the commission.
Q2. How many hours of pre-licensing auction instruction are
required before taking the Indiana Auctioneer Exam?
A. 40 hours
B. 60 hours
C. 80 hours
D. 100 hours
Answer: C
Rationale: Indiana law requires applicants to complete at least
80 actual hours of auction instruction from a commission-
approved course provider before sitting for the licensing
examination.
Q3. What is the minimum age requirement to obtain an Indiana
auctioneer license?
A. 16 years of age
B. 18 years of age
C. 21 years of age
D. 25 years of age
Answer: B
Rationale: An applicant for an auctioneer license must be at
least eighteen (18) years of age.
,Q4. Which of the following is NOT a statutory requirement for
auctioneer licensure in Indiana?
A. Being at least 18 years of age
B. Completing 80 hours of commission-approved auction
instruction
C. Having a four-year college degree in business
D. Not having a conviction for a felony that has a direct bearing
on the applicant's ability to practice competently
Answer: C
Rationale: A four-year college degree is not required. The
statutory requirements are age (18+), 80 hours of approved
instruction, and passing a background check regarding
convictions.
Q5. What is the term length for an Indiana auctioneer license?
A. One year
B. Two years
C. Three years
D. Four years
Answer: D
Rationale: Auctioneer licenses shall be issued for a term of four
(4) years.
Q6. How often does the Indiana Auctioneer Commission
administer the licensure exam?
A. Every month
, B. Every odd month
C. Quarterly
D. Bi-annually
Answer: B
Rationale: The exam takes place every odd month. The 2026
Auctioneer Exam Dates are January 7, March 11, May 13, July 8,
September 16, and November 18.
Q7. Which subject area is explicitly required to be included in
the auction education curriculum as mandated by Indiana
statute?
A. International trade finance and currency exchange systems
B. Advanced corporate taxation and securities portfolio
management
C. Bid calling, sale preparation, auction mathematics, and
auction law principles
D. Computer programming for digital auction platforms
Answer: C
Rationale: Indiana's statutory requirements specify instruction
in the value of real estate and goods, bid calling, sale
preparation and advertising, mathematics, and the provisions of
IC 25-6.1 and commission rules.
Q8. An applicant for an auctioneer license must not have a
conviction for which of the following?
A. Any misdemeanor
Questions & Answers with Detailed Rationales | Graded A+
This comprehensive study guide covers the core domains tested
on the Indiana Auctioneer licensure exam, aligned with the
2026–2027 curriculum. It includes over 100 original practice
questions with detailed rationales, organized by topic: licensing
requirements, auction law and regulation, auction procedures
and ethics, and specialty knowledge (appraisals, personal
property, and math). The guide reflects the latest Indiana Code
IC 25-6.1 and Indiana Administrative Code Title 812
requirements, including the 2026 exam dates and the recent
convictions-of-concern rulemaking.
Section 1: Licensing Requirements & Eligibility
Q1. Under Indiana law, who is authorized to conduct an auction
in Indiana?
A. Any person who owns the property being sold
B. Only a licensed Indiana auctioneer or a valid temporary
permit holder
C. Any real estate broker
D. A notary public
Answer: B
Rationale: Indiana law permits only licensed auctioneers or
,temporary permit holders to conduct auctions. IC 25-6.1-3-2(a)
states that every individual, before acting as an auctioneer,
must obtain a license from the commission.
Q2. How many hours of pre-licensing auction instruction are
required before taking the Indiana Auctioneer Exam?
A. 40 hours
B. 60 hours
C. 80 hours
D. 100 hours
Answer: C
Rationale: Indiana law requires applicants to complete at least
80 actual hours of auction instruction from a commission-
approved course provider before sitting for the licensing
examination.
Q3. What is the minimum age requirement to obtain an Indiana
auctioneer license?
A. 16 years of age
B. 18 years of age
C. 21 years of age
D. 25 years of age
Answer: B
Rationale: An applicant for an auctioneer license must be at
least eighteen (18) years of age.
,Q4. Which of the following is NOT a statutory requirement for
auctioneer licensure in Indiana?
A. Being at least 18 years of age
B. Completing 80 hours of commission-approved auction
instruction
C. Having a four-year college degree in business
D. Not having a conviction for a felony that has a direct bearing
on the applicant's ability to practice competently
Answer: C
Rationale: A four-year college degree is not required. The
statutory requirements are age (18+), 80 hours of approved
instruction, and passing a background check regarding
convictions.
Q5. What is the term length for an Indiana auctioneer license?
A. One year
B. Two years
C. Three years
D. Four years
Answer: D
Rationale: Auctioneer licenses shall be issued for a term of four
(4) years.
Q6. How often does the Indiana Auctioneer Commission
administer the licensure exam?
A. Every month
, B. Every odd month
C. Quarterly
D. Bi-annually
Answer: B
Rationale: The exam takes place every odd month. The 2026
Auctioneer Exam Dates are January 7, March 11, May 13, July 8,
September 16, and November 18.
Q7. Which subject area is explicitly required to be included in
the auction education curriculum as mandated by Indiana
statute?
A. International trade finance and currency exchange systems
B. Advanced corporate taxation and securities portfolio
management
C. Bid calling, sale preparation, auction mathematics, and
auction law principles
D. Computer programming for digital auction platforms
Answer: C
Rationale: Indiana's statutory requirements specify instruction
in the value of real estate and goods, bid calling, sale
preparation and advertising, mathematics, and the provisions of
IC 25-6.1 and commission rules.
Q8. An applicant for an auctioneer license must not have a
conviction for which of the following?
A. Any misdemeanor
