AUCTIONEER LICENSE PRACTICE
ASSESSMENT QUESTIONS AND DETAILED
SOLUTIONS
●● 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
●● 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
ASSESSMENT QUESTIONS AND DETAILED
SOLUTIONS
●● 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
●● 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
