Auctioneer Exam
questions
100% verified.
Auction - correct answer. method 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 - correct answer. any 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 - correct answer. any individual who is sponsored by
an auctioneer to deal or engage in any activities mentioned in division A or
this section
special auctioneer - correct answer. any person who currently is subject to
section 4707.071 of the revised code
absolute auction - correct answer. and 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.
questions
100% verified.
Auction - correct answer. method 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 - correct answer. any 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 - correct answer. any individual who is sponsored by
an auctioneer to deal or engage in any activities mentioned in division A or
this section
special auctioneer - correct answer. any person who currently is subject to
section 4707.071 of the revised code
absolute auction - correct answer. and 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.
