TEXAS AUCTIONEER LICENSE EXAM QUESTIONS COMPLETE WITH 100% VERIFIED ANSWERS

TEXAS AUCTIONEER LICENSE EXAM QUESTIONS COMPLETE WITH 100% VERIFIED ANSWERS 1. Which state agency is responsible for regulating auctioneers in Texas? A) Texas Real Estate Commission (TREC) B) Texas Department of Licensing and Regulation (TDLR) C) Texas Comptroller of Public Accounts D) Texas Secretary of State Answer: B) Texas Department of Licensing and Regulation (TDLR) Rationale: The Texas Department of Licensing and Regulation (TDLR) is the state agency responsible for regulating auctioneers under Texas Occupations Code Chapter 1802. TDLR issues licenses, establishes rules, investigates complaints, and takes disciplinary action against auctioneers who violate the law . ________________________________________ 2. How many total questions are on the Texas auctioneer licensing exam? A) 50 questions B) 75 questions C) 80 questions (75 scored + 5 pretest) D) 100 questions Answer: C) 80 questions (75 scored + 5 pretest) Rationale: The Texas auctioneer exam has 80 total questions: 75 scored questions that count toward the passing score and 5 unscored pretest questions being evaluated for future exams. Candidates cannot identify which questions are unscored, so they should answer all questions . ________________________________________ 3. What is the passing score for the Texas auctioneer licensing exam? A) 60% B) 70% C) 75% D) 80% Answer: C) 75% Rationale: The passing score for the Texas auctioneer licensing exam is 75% on the 75 scored questions. This means a candidate must answer at least 57 of the 75 scored questions correctly. The 5 pretest questions do not count toward the passing score . ________________________________________ 4. How much time is allowed to complete the Texas auctioneer exam? A) 60 minutes B) 90 minutes C) 120 minutes D) 180 minutes Answer: C) 120 minutes Rationale: Candidates are allowed 120 minutes (2 hours) to complete the Texas auctioneer licensing exam. With 80 questions in 120 minutes, candidates have an average of 1.5 minutes per question . ________________________________________ 5. What is the fee for the Texas auctioneer licensing examination? A) $25 B) $52 C) $100 D) $150 Answer: B) $52 Rationale: The Texas auctioneer licensing examination fee is $52, paid directly to PSI when scheduling the exam. This fee covers the cost of exam administration at a PSI testing center. Additional costs for licensure include the TDLR application fee . ________________________________________ 6. Which exam topic area has the MOST questions on the Texas auctioneer exam? A) Deceptive Trade Practices (6 questions) B) Business and Commerce Code (9 questions) C) Auctioneer Act and Rules (18 questions) D) Real Estate (8 questions) Answer: C) Auctioneer Act and Rules (18 questions) Rationale: The Auctioneer Act and Rules section has the most questions on the Texas exam with 18 scored questions, covering Texas Occupations Code Chapter 1802 and TDLR administrative rules. This is the most heavily weighted topic, representing 24% of the scored questions . ________________________________________ 7. What is the minimum age requirement to become a licensed auctioneer in Texas? A) 16 years old B) 18 years old C) 19 years old D) 21 years old Answer: B) 18 years old Rationale: An individual is eligible for an auctioneer's license if they are at least 18 years of age and a citizen of the United States or a legal alien . ________________________________________ 8. How many classroom hours of instruction are required before applying for the Texas auctioneer exam? A) 40 hours B) 60 hours C) 80 hours D) 100 hours Answer: C) 80 hours Rationale: Applicants must have completed at least 80 hours of classroom instruction at an auction school with a curriculum approved by TDLR . ________________________________________ 9. What educational credential must an auctioneer applicant hold? A) College degree B) High school diploma or equivalency certificate