AUCTIONEER EXAM CORRECT
100%
Auction - ANSWERmethod 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 - ANSWERany 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 - ANSWERany individual who is sponsored by an auctioneer
to deal or engage in any activities mentioned in division A or this section
special auctioneer - ANSWERany person who currently is subject to section
4707.071 of the revised code
absolute auction - ANSWERand 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 - ANSWERand 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 - ANSWERa 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 - ANSWERany board or commission of the state or any officer or
such a board or commission or any political subdivision of the state.
Estate auction - ANSWERthe auction of real or personal property of a deceased
person .
YES - ANSWERCan you apply to be appointed as a guardian of someone?
100%
Auction - ANSWERmethod 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 - ANSWERany 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 - ANSWERany individual who is sponsored by an auctioneer
to deal or engage in any activities mentioned in division A or this section
special auctioneer - ANSWERany person who currently is subject to section
4707.071 of the revised code
absolute auction - ANSWERand 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 - ANSWERand 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 - ANSWERa 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 - ANSWERany board or commission of the state or any officer or
such a board or commission or any political subdivision of the state.
Estate auction - ANSWERthe auction of real or personal property of a deceased
person .
YES - ANSWERCan you apply to be appointed as a guardian of someone?
