GA AUCTION EVALUATION EXAMS 2025/2026 QUESTIONS
WITH ANSWERS TAGGED A+
✔✔Whig is the most inappropriate way to secure and auction listing? - ✔✔Set up an
office in the funeral home
✔✔In selling wavy equipment your advertising should include serial numbers - ✔✔To
locate stolen property, to locate pledged property, to identify model & year, if it is a bulk
transfer
✔✔The most important person at an auction - ✔✔Auctioneer
✔✔You must have an auctioneers and real estate license to auction real property in GA.
T or F? - ✔✔True
✔✔The auctioneers fiduciary relationship is usually with the buyer.
T or F - ✔✔False
✔✔The real estate broker who sells only real property auction is exempt from
requirements for auctioneer licensing.
T or F - ✔✔False
✔✔A full time Auctioneer is - ✔✔An auctioneer who owns his own company, an
auctioneer who works exclusively doe another auction company
✔✔A company desiring to obtain an auction company license, requires no training.
T or F - ✔✔True
✔✔In order for a contract to be binding, the signatures if two witness are required.
T or F - ✔✔False
✔✔As a qualifying veteran taking the Georgia Auction Exam, you ate allowed a 5 point
advantage. Thus, you must score 70% to pass.
T or F - ✔✔False
✔✔As a licensed Auctioneer, you are entitled to a 2% referral fee on all deals you set
up with a real estate agent even though you are not licensed in real estate.
T or F - ✔✔False
✔✔You can demand an opening bid & refuse small increment bids at a reserve auction.
- ✔✔True
,✔✔An auctioneer may be allowed to group or divide lots at an auction if: - ✔✔Prior
notice has been given
✔✔As a licensed Auctioneer for hire to the public, you are required to accept a
consignment you suspect to be stolen.
T or F - ✔✔False
✔✔A contract between an auctioneer and mentally incompetent person is still
enforceable by either party.
T or F - ✔✔False
✔✔An auctioneer as a professional license is governed by both laws and ethics.
T or F - ✔✔True
✔✔A valid contract must include - ✔✔Date contract is signed, date of performance,
consideration
✔✔Ethics may be defined as - ✔✔Honest and fair business dealings
✔✔After completing this course and passing the state exam, but before you receive
your license , if you contract an auction and the seller fails to honor it, can you sure and
recover losses?
Y or N - ✔✔No
✔✔The terms "antique" and "collectible" mean the same thing.
T or F - ✔✔False
✔✔The term "estate auction" always refers tot he sale of property.
T or F - ✔✔True
✔✔Encumbrance - ✔✔A claim or lien on property
✔✔If a bidder premium is chargers at the auction, it must be announced at the
beginning of the sale.
T or F - ✔✔False
✔✔Georgia auction law requires you to have a writren, signed contract to legally
operate an auction.
T or F - ✔✔True
✔✔Any auction generating gross sales below $2000 is not required to deposit proceeds
into an escrow account.
T or F - ✔✔False
, ✔✔An auctioneers license must be displayed or made available at each auction.
T or F - ✔✔True
✔✔The principal auctioneer must include their name and license in all advertising Of an
auction.
T or F - ✔✔True
✔✔The auctioneer is allowed to have three "NO SALES" during the duration. Of any
absolute auction.
T or F - ✔✔False
✔✔In conducting an absolute auction any item may be withdrawn if no bids have been
received within a reasonable time.
T or F - ✔✔True
✔✔The Georgia auctioneer commission is composed of six auctioneers and one other
person not connected with the auction business.
T or F - ✔✔False
✔✔An unlicensed person can conduct auctions by being supervised by a licensed
auctioneer.
T or F - ✔✔False
✔✔In an agency relationship you are entitled to receive compensation if - ✔✔You are a
legally licensed Auctioneer
✔✔An unlicensed person can conduct auctions I livestock legally without being licensed
T or F - ✔✔True
✔✔The biennial license fee for an auctioneer is $200
T or F - ✔✔False
✔✔A Copy of an auction contract must be held in file for 3 years
T or F - ✔✔True
✔✔Misrepresentation of property sold at an auction is considered a major violation of
auction law.
T or F - ✔✔True
✔✔An auction clerk must also hold an auctioneers license.
T or F - ✔✔False
WITH ANSWERS TAGGED A+
✔✔Whig is the most inappropriate way to secure and auction listing? - ✔✔Set up an
office in the funeral home
✔✔In selling wavy equipment your advertising should include serial numbers - ✔✔To
locate stolen property, to locate pledged property, to identify model & year, if it is a bulk
transfer
✔✔The most important person at an auction - ✔✔Auctioneer
✔✔You must have an auctioneers and real estate license to auction real property in GA.
T or F? - ✔✔True
✔✔The auctioneers fiduciary relationship is usually with the buyer.
T or F - ✔✔False
✔✔The real estate broker who sells only real property auction is exempt from
requirements for auctioneer licensing.
T or F - ✔✔False
✔✔A full time Auctioneer is - ✔✔An auctioneer who owns his own company, an
auctioneer who works exclusively doe another auction company
✔✔A company desiring to obtain an auction company license, requires no training.
T or F - ✔✔True
✔✔In order for a contract to be binding, the signatures if two witness are required.
T or F - ✔✔False
✔✔As a qualifying veteran taking the Georgia Auction Exam, you ate allowed a 5 point
advantage. Thus, you must score 70% to pass.
T or F - ✔✔False
✔✔As a licensed Auctioneer, you are entitled to a 2% referral fee on all deals you set
up with a real estate agent even though you are not licensed in real estate.
T or F - ✔✔False
✔✔You can demand an opening bid & refuse small increment bids at a reserve auction.
- ✔✔True
,✔✔An auctioneer may be allowed to group or divide lots at an auction if: - ✔✔Prior
notice has been given
✔✔As a licensed Auctioneer for hire to the public, you are required to accept a
consignment you suspect to be stolen.
T or F - ✔✔False
✔✔A contract between an auctioneer and mentally incompetent person is still
enforceable by either party.
T or F - ✔✔False
✔✔An auctioneer as a professional license is governed by both laws and ethics.
T or F - ✔✔True
✔✔A valid contract must include - ✔✔Date contract is signed, date of performance,
consideration
✔✔Ethics may be defined as - ✔✔Honest and fair business dealings
✔✔After completing this course and passing the state exam, but before you receive
your license , if you contract an auction and the seller fails to honor it, can you sure and
recover losses?
Y or N - ✔✔No
✔✔The terms "antique" and "collectible" mean the same thing.
T or F - ✔✔False
✔✔The term "estate auction" always refers tot he sale of property.
T or F - ✔✔True
✔✔Encumbrance - ✔✔A claim or lien on property
✔✔If a bidder premium is chargers at the auction, it must be announced at the
beginning of the sale.
T or F - ✔✔False
✔✔Georgia auction law requires you to have a writren, signed contract to legally
operate an auction.
T or F - ✔✔True
✔✔Any auction generating gross sales below $2000 is not required to deposit proceeds
into an escrow account.
T or F - ✔✔False
, ✔✔An auctioneers license must be displayed or made available at each auction.
T or F - ✔✔True
✔✔The principal auctioneer must include their name and license in all advertising Of an
auction.
T or F - ✔✔True
✔✔The auctioneer is allowed to have three "NO SALES" during the duration. Of any
absolute auction.
T or F - ✔✔False
✔✔In conducting an absolute auction any item may be withdrawn if no bids have been
received within a reasonable time.
T or F - ✔✔True
✔✔The Georgia auctioneer commission is composed of six auctioneers and one other
person not connected with the auction business.
T or F - ✔✔False
✔✔An unlicensed person can conduct auctions by being supervised by a licensed
auctioneer.
T or F - ✔✔False
✔✔In an agency relationship you are entitled to receive compensation if - ✔✔You are a
legally licensed Auctioneer
✔✔An unlicensed person can conduct auctions I livestock legally without being licensed
T or F - ✔✔True
✔✔The biennial license fee for an auctioneer is $200
T or F - ✔✔False
✔✔A Copy of an auction contract must be held in file for 3 years
T or F - ✔✔True
✔✔Misrepresentation of property sold at an auction is considered a major violation of
auction law.
T or F - ✔✔True
✔✔An auction clerk must also hold an auctioneers license.
T or F - ✔✔False
