Georgia (GA) Auctioneer-Non
Resident Practice Course
Question 1. What is the primary purpose of the Georgia Auctioneers
Commission?
A) To regulate all real estate transactions in Georgia
B) To oversee and enforce licensing and conduct standards for auctioneers
C) To set tax rates for auction sales
D) To approve auction venues in Georgia
Answer: B
Explanation: The Georgia Auctioneers Commission's main purpose is to
oversee licensing, enforce rules, and ensure ethical conduct among
auctioneers, maintaining professional standards.
Question 2. Which chapter of the Georgia Official Code Annotated primarily
governs auctioneer licensing?
A) Title 40, Chapter 1
B) Title 43, Chapter 6
C) Title 50, Chapter 5
D) Title 36, Chapter 4
Answer: B
, Georgia (GA) Auctioneer-Non
Resident Practice Course
Explanation: Title 43, Chapter 6 of the Official Code of Georgia Annotated
specifically relates to auctioneer licensing and regulation.
Question 3. What is a key eligibility requirement for obtaining an auctioneer
license in Georgia?
A) Must be at least 21 years old
B) Must have a bachelor's degree in business
C) Must have completed 30 hours of approved auctioneer education
D) Must be a resident of Georgia
Answer: C
Explanation: Applicants typically need to complete 30 hours of approved
auctioneer education; age and residency may vary but are not sole
requirements.
Question 4. How does reciprocity benefit non-resident auctioneers seeking
licensure in Georgia?
A) It exempts them from all licensing fees
B) It allows them to operate without any licensing requirements
C) It enables them to obtain a Georgia license based on out-of-state
, Georgia (GA) Auctioneer-Non
Resident Practice Course
licensure, subject to specific agreements
D) It requires them to take Georgia-specific exams
Answer: C
Explanation: Reciprocity allows qualified out-of-state auctioneers to obtain a
Georgia license more easily, often based on their existing license, provided
they meet certain criteria.
Question 5. How often must an auctioneer renew their license in Georgia?
A) Every year
B) Every two years
C) Every three years
D) Every five years
Answer: B
Explanation: Georgia auctioneer licenses typically require renewal every two
years, with continuing education requirements.
Question 6. Which of the following is a prohibited conduct under Georgia
auction laws?
A) Advertising with truthful information
, Georgia (GA) Auctioneer-Non
Resident Practice Course
B) Commingling client funds with personal funds
C) Maintaining accurate records
D) Disclosing all conflicts of interest
Answer: B
Explanation: Commingling client funds with personal or business funds is
prohibited, as it breaches fiduciary duties and legal standards.
Question 7. What is the purpose of the Georgia Auctioneer Recovery Fund?
A) To provide training for new auctioneers
B) To compensate clients who suffer financial loss due to licensed auctioneer
misconduct
C) To fund auctioneer licensing exams
D) To finance auction venue construction
Answer: B
Explanation: The Recovery Fund is designed to protect consumers by
providing compensation when an auctioneer's misconduct causes financial
harm.
Resident Practice Course
Question 1. What is the primary purpose of the Georgia Auctioneers
Commission?
A) To regulate all real estate transactions in Georgia
B) To oversee and enforce licensing and conduct standards for auctioneers
C) To set tax rates for auction sales
D) To approve auction venues in Georgia
Answer: B
Explanation: The Georgia Auctioneers Commission's main purpose is to
oversee licensing, enforce rules, and ensure ethical conduct among
auctioneers, maintaining professional standards.
Question 2. Which chapter of the Georgia Official Code Annotated primarily
governs auctioneer licensing?
A) Title 40, Chapter 1
B) Title 43, Chapter 6
C) Title 50, Chapter 5
D) Title 36, Chapter 4
Answer: B
, Georgia (GA) Auctioneer-Non
Resident Practice Course
Explanation: Title 43, Chapter 6 of the Official Code of Georgia Annotated
specifically relates to auctioneer licensing and regulation.
Question 3. What is a key eligibility requirement for obtaining an auctioneer
license in Georgia?
A) Must be at least 21 years old
B) Must have a bachelor's degree in business
C) Must have completed 30 hours of approved auctioneer education
D) Must be a resident of Georgia
Answer: C
Explanation: Applicants typically need to complete 30 hours of approved
auctioneer education; age and residency may vary but are not sole
requirements.
Question 4. How does reciprocity benefit non-resident auctioneers seeking
licensure in Georgia?
A) It exempts them from all licensing fees
B) It allows them to operate without any licensing requirements
C) It enables them to obtain a Georgia license based on out-of-state
, Georgia (GA) Auctioneer-Non
Resident Practice Course
licensure, subject to specific agreements
D) It requires them to take Georgia-specific exams
Answer: C
Explanation: Reciprocity allows qualified out-of-state auctioneers to obtain a
Georgia license more easily, often based on their existing license, provided
they meet certain criteria.
Question 5. How often must an auctioneer renew their license in Georgia?
A) Every year
B) Every two years
C) Every three years
D) Every five years
Answer: B
Explanation: Georgia auctioneer licenses typically require renewal every two
years, with continuing education requirements.
Question 6. Which of the following is a prohibited conduct under Georgia
auction laws?
A) Advertising with truthful information
, Georgia (GA) Auctioneer-Non
Resident Practice Course
B) Commingling client funds with personal funds
C) Maintaining accurate records
D) Disclosing all conflicts of interest
Answer: B
Explanation: Commingling client funds with personal or business funds is
prohibited, as it breaches fiduciary duties and legal standards.
Question 7. What is the purpose of the Georgia Auctioneer Recovery Fund?
A) To provide training for new auctioneers
B) To compensate clients who suffer financial loss due to licensed auctioneer
misconduct
C) To fund auctioneer licensing exams
D) To finance auction venue construction
Answer: B
Explanation: The Recovery Fund is designed to protect consumers by
providing compensation when an auctioneer's misconduct causes financial
harm.
