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Indiana Auctioneer License Exam
Study Guide 2026 – 80-Hour Course
& IC 25-6.1 Practice Questions
Prepare for the Indiana Auctioneer License Exam with
updated 2026 study notes and practice questions
covering IC 25-6.1, UCC auction rules, trust account
management, bid calling, and real estate at auction.
Includes 80-hour course topic breakdowns, advertising
compliance, ethics, and agency law. Essential keywords:
Indiana Auctioneer Commission, shill bidding, buyer's
premium, sale summary, and continuing education.
Review scenario-based questions and detailed rationales
for confident exam readiness.
1. Under Indiana Code, what is the minimum age requirement to obtain an
auctioneer license?
A. 16 years old
B. 18 years old
C. 21 years old
D. 25 years old
B. 18 years old.
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Indiana law explicitly requires that an applicant for an auctioneer license must be at
least eighteen (18) years of age . This requirement ensures that licensed auctioneers
have the legal capacity to enter into binding contracts and fulfill the fiduciary
responsibilities inherent in the profession.
2. How many hours of auction instruction from a commission-approved
provider must an applicant complete before taking the licensure exam?
A. 40 hours
B. 60 hours
C. 80 hours
D. 100 hours
C. 80 hours.
Indiana Code 25-6.1-3-2 requires an applicant to complete at least eighty (80) actual
hours of auction instruction from a course provider approved by the commission . This
coursework must cover topics including bid calling, sale preparation, mathematics, and
auction law .
3. Which state body is responsible for regulating the practice of auctioneering
in Indiana?
A. Indiana Department of Revenue
B. Indiana Auctioneer Commission
C. Indiana Secretary of State
D. Indiana Department of Financial Institutions
B. Indiana Auctioneer Commission.
The Indiana Auctioneer Commission is the governing body established under IC 25-6.1
to regulate the practice of auctioneering in Indiana . The Commission sets licensing
requirements, administers examinations, and enforces the auctioneer licensing statute,
while the Professional Licensing Agency provides administrative support .
4. How long is an Indiana auctioneer license valid before it must be renewed?
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A. One year
B. Two years
C. Four years
D. Five years
C. Four years.
According to Indiana Code 25-6.1-3-2, auctioneer licenses are issued for a term of four
(4) years . This distinguishes Indiana from many other states that require more frequent
renewals .
5. What is the examination fee for the Indiana auctioneer licensing exam?
A. $25
B. $35
C. $50
D. $70
B. $35.
The examination fee for the Indiana auctioneer licensing exam is $35.00, as established
by the Indiana Auctioneer Commission . This fee must be paid at the time of
application and is generally non-refundable .
6. How many hours of continuing education must an Indiana auctioneer
complete during each four-year renewal cycle?
A. 8 hours
B. 12 hours
C. 16 hours
D. 24 hours
C. 16 hours.
After obtaining a license, an auctioneer must complete sixteen (16) hours of continuing
education from a commission-approved provider during each four-year license period
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to renew the license . This requirement ensures that licensed auctioneers remain
current with industry practices and legal updates.
7. Under Indiana law, who is authorized to conduct an auction?
A. Any person who owns the property being sold
B. Any real estate broker
C. Only a licensed Indiana auctioneer or valid temporary permit holder
D. A notary public
C. Only a licensed Indiana auctioneer or valid temporary permit holder.
Indiana law permits only licensed auctioneers or temporary permit holders to conduct
auctions . Every individual acting as an auctioneer must obtain a license from the
commission before engaging in auctioneering activities .
8. What is a "buyer's premium" in an auction?
A. A fee paid by the seller to the auctioneer
B. A surcharge added to the winning bid that the buyer must pay
C. A tax imposed by the federal government
D. A discount applied to early bidders
B. A surcharge added to the winning bid that the buyer must pay.
A buyer's premium is an additional percentage added to the winning bid that the buyer
must pay on top of the hammer price . This fee structure must be clearly disclosed to
bidders to ensure transparency in the auction process .
9. What is the legal term for a bid placed by or on behalf of the seller to
artificially inflate the price?
A. Phantom bid
B. Shill bid
C. Reserve bid
D. Proxy bid
Indiana Auctioneer License Exam
Study Guide 2026 – 80-Hour Course
& IC 25-6.1 Practice Questions
Prepare for the Indiana Auctioneer License Exam with
updated 2026 study notes and practice questions
covering IC 25-6.1, UCC auction rules, trust account
management, bid calling, and real estate at auction.
Includes 80-hour course topic breakdowns, advertising
compliance, ethics, and agency law. Essential keywords:
Indiana Auctioneer Commission, shill bidding, buyer's
premium, sale summary, and continuing education.
Review scenario-based questions and detailed rationales
for confident exam readiness.
1. Under Indiana Code, what is the minimum age requirement to obtain an
auctioneer license?
A. 16 years old
B. 18 years old
C. 21 years old
D. 25 years old
B. 18 years old.
,2|Page
Indiana law explicitly requires that an applicant for an auctioneer license must be at
least eighteen (18) years of age . This requirement ensures that licensed auctioneers
have the legal capacity to enter into binding contracts and fulfill the fiduciary
responsibilities inherent in the profession.
2. How many hours of auction instruction from a commission-approved
provider must an applicant complete before taking the licensure exam?
A. 40 hours
B. 60 hours
C. 80 hours
D. 100 hours
C. 80 hours.
Indiana Code 25-6.1-3-2 requires an applicant to complete at least eighty (80) actual
hours of auction instruction from a course provider approved by the commission . This
coursework must cover topics including bid calling, sale preparation, mathematics, and
auction law .
3. Which state body is responsible for regulating the practice of auctioneering
in Indiana?
A. Indiana Department of Revenue
B. Indiana Auctioneer Commission
C. Indiana Secretary of State
D. Indiana Department of Financial Institutions
B. Indiana Auctioneer Commission.
The Indiana Auctioneer Commission is the governing body established under IC 25-6.1
to regulate the practice of auctioneering in Indiana . The Commission sets licensing
requirements, administers examinations, and enforces the auctioneer licensing statute,
while the Professional Licensing Agency provides administrative support .
4. How long is an Indiana auctioneer license valid before it must be renewed?
,3|Page
A. One year
B. Two years
C. Four years
D. Five years
C. Four years.
According to Indiana Code 25-6.1-3-2, auctioneer licenses are issued for a term of four
(4) years . This distinguishes Indiana from many other states that require more frequent
renewals .
5. What is the examination fee for the Indiana auctioneer licensing exam?
A. $25
B. $35
C. $50
D. $70
B. $35.
The examination fee for the Indiana auctioneer licensing exam is $35.00, as established
by the Indiana Auctioneer Commission . This fee must be paid at the time of
application and is generally non-refundable .
6. How many hours of continuing education must an Indiana auctioneer
complete during each four-year renewal cycle?
A. 8 hours
B. 12 hours
C. 16 hours
D. 24 hours
C. 16 hours.
After obtaining a license, an auctioneer must complete sixteen (16) hours of continuing
education from a commission-approved provider during each four-year license period
, 4|Page
to renew the license . This requirement ensures that licensed auctioneers remain
current with industry practices and legal updates.
7. Under Indiana law, who is authorized to conduct an auction?
A. Any person who owns the property being sold
B. Any real estate broker
C. Only a licensed Indiana auctioneer or valid temporary permit holder
D. A notary public
C. Only a licensed Indiana auctioneer or valid temporary permit holder.
Indiana law permits only licensed auctioneers or temporary permit holders to conduct
auctions . Every individual acting as an auctioneer must obtain a license from the
commission before engaging in auctioneering activities .
8. What is a "buyer's premium" in an auction?
A. A fee paid by the seller to the auctioneer
B. A surcharge added to the winning bid that the buyer must pay
C. A tax imposed by the federal government
D. A discount applied to early bidders
B. A surcharge added to the winning bid that the buyer must pay.
A buyer's premium is an additional percentage added to the winning bid that the buyer
must pay on top of the hammer price . This fee structure must be clearly disclosed to
bidders to ensure transparency in the auction process .
9. What is the legal term for a bid placed by or on behalf of the seller to
artificially inflate the price?
A. Phantom bid
B. Shill bid
C. Reserve bid
D. Proxy bid
