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INDIANA AUCTIONEER LICENSURE EXAM
LATEST ACTUAL EXAM QUESTIONS AND
CORRECT DETAILED ANSWERS
A composition of copper and silver is identified as which? - (ANSWER)Pewter
When weighing silver, an ounce is what part of a pound? - (ANSWER)1/12
18 karat gold jewelry is what percent gold? - (ANSWER).75
An alloy of tin, lead and brass or copper is characteristic of? - (ANSWER)Pewter
The design of a rug from which a weaver works is called? - (ANSWER)Weft treads
Thread running from the top to bottom of a run is called what? - (ANSWER)Warp
threads
What information is obtained from the tag of an oriental rug? - (ANSWER)City of
origin
A buyer and seller agree on the purchase price of a property with no pressure on
either party. This price is referred to as: - (ANSWER)Market value
, 2
Is the signature of the current owner required in the preparation of a personal
property appraisal? - (ANSWER)No
Which of the following would be considered a seasonal item when appraising
personal property? Choose the letter.
A. Household items
B. Farm Machinery
C. Horses - (ANSWER)B
You are appraising a piece of personal property. Which of the following is not
factored into the appraisal? Choose the letter.
A. Condition of the item
B. Age of the item
C. Availability of like items
D. Amount of repair work needed - (ANSWER)D
In preparing a farm equipment option, it is necessary to do all of the following
except:
A. Line up machinery in rows
B. Place like machinery together
INDIANA AUCTIONEER LICENSURE EXAM
LATEST ACTUAL EXAM QUESTIONS AND
CORRECT DETAILED ANSWERS
A composition of copper and silver is identified as which? - (ANSWER)Pewter
When weighing silver, an ounce is what part of a pound? - (ANSWER)1/12
18 karat gold jewelry is what percent gold? - (ANSWER).75
An alloy of tin, lead and brass or copper is characteristic of? - (ANSWER)Pewter
The design of a rug from which a weaver works is called? - (ANSWER)Weft treads
Thread running from the top to bottom of a run is called what? - (ANSWER)Warp
threads
What information is obtained from the tag of an oriental rug? - (ANSWER)City of
origin
A buyer and seller agree on the purchase price of a property with no pressure on
either party. This price is referred to as: - (ANSWER)Market value
, 2
Is the signature of the current owner required in the preparation of a personal
property appraisal? - (ANSWER)No
Which of the following would be considered a seasonal item when appraising
personal property? Choose the letter.
A. Household items
B. Farm Machinery
C. Horses - (ANSWER)B
You are appraising a piece of personal property. Which of the following is not
factored into the appraisal? Choose the letter.
A. Condition of the item
B. Age of the item
C. Availability of like items
D. Amount of repair work needed - (ANSWER)D
In preparing a farm equipment option, it is necessary to do all of the following
except:
A. Line up machinery in rows
B. Place like machinery together
