Auctioneer Practice Exam Questions
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Released.
Auction - 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 - 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 - 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 - Answer any person who currently is subject to section 4707.071 of the
revised code
absolute auction - 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.
Reserve auction - Answer and 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 - Answer a 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
And Answers(Already Graded A+)Just
Released.
Auction - 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 - 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 - 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 - Answer any person who currently is subject to section 4707.071 of the
revised code
absolute auction - 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.
Reserve auction - Answer and 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 - Answer a 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
