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Texas Auctioneer License-Part 2 2025 |
Certified Exam Questions With Answers
Tobacco is sold by the ______________________. - Correct-answer-Sheet; and
normally put into baskets.
The best place to sell dairy cattle is - Correct-answer-on the farm.
Prime time auction months are..... - Correct-answer-January through May
What does the blue light at an auto auction indicate? - Correct-answer-The title
is not physically at the auction.
The buyers at a tobacco auction are called a ___________. - Correct-answer-Set
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T or F. At a bankrupty sale, an unsecured creditor is guaranteed to receive his full
share of the debt owed. - Correct-answer-False. An unsecured creditor will receive
a prorated share of the debt owe after secure credtors are paid.
In a bankrupty case, the estate will be managed by whom? - Correct-answer-The
trustee.
Chapter 12 of the bankruptcy deal with the debt of what group of people? -
Correct-answer-farmers
An acre of land is how many square feet? - Correct-answer-43,560 square feet
The Federal Firearms Law pertains to any arms or ammunition manufactured
after what year? - Correct-answer-1968
T or F. A TITLE is used to transfer personal property. - Correct-answer-False. A bill
of sale is used to transfer personal property. A deed is the instrument used to
transfer real property. A title is evidence of ownership of a property such as a car
or intangible asset like a trademark.
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The best month for selling consignment farm equipment is _____________. -
Correct-answer-February
The person appointed to handle an estate when there is no will is called a(n)
________________________________________. - Correct-answer-administrator
A person appointed to administer an estate with a will is a(n)
__________________________________________. - Correct-answer-executor
(executrix)
A ___________________animal has unknown ancestry or has mixed ancestry. -
Correct-answer-grade
A person is said to have died _____________________ if they have no will. -
Correct-answer-intestate
T or F. The value of registered cattle is estimated based on their size. - Correct-
answer-False. Value is based on reproduction.
Texas Auctioneer License-Part 2 2025 |
Certified Exam Questions With Answers
Tobacco is sold by the ______________________. - Correct-answer-Sheet; and
normally put into baskets.
The best place to sell dairy cattle is - Correct-answer-on the farm.
Prime time auction months are..... - Correct-answer-January through May
What does the blue light at an auto auction indicate? - Correct-answer-The title
is not physically at the auction.
The buyers at a tobacco auction are called a ___________. - Correct-answer-Set
,2|Page
T or F. At a bankrupty sale, an unsecured creditor is guaranteed to receive his full
share of the debt owed. - Correct-answer-False. An unsecured creditor will receive
a prorated share of the debt owe after secure credtors are paid.
In a bankrupty case, the estate will be managed by whom? - Correct-answer-The
trustee.
Chapter 12 of the bankruptcy deal with the debt of what group of people? -
Correct-answer-farmers
An acre of land is how many square feet? - Correct-answer-43,560 square feet
The Federal Firearms Law pertains to any arms or ammunition manufactured
after what year? - Correct-answer-1968
T or F. A TITLE is used to transfer personal property. - Correct-answer-False. A bill
of sale is used to transfer personal property. A deed is the instrument used to
transfer real property. A title is evidence of ownership of a property such as a car
or intangible asset like a trademark.
, 3|Page
The best month for selling consignment farm equipment is _____________. -
Correct-answer-February
The person appointed to handle an estate when there is no will is called a(n)
________________________________________. - Correct-answer-administrator
A person appointed to administer an estate with a will is a(n)
__________________________________________. - Correct-answer-executor
(executrix)
A ___________________animal has unknown ancestry or has mixed ancestry. -
Correct-answer-grade
A person is said to have died _____________________ if they have no will. -
Correct-answer-intestate
T or F. The value of registered cattle is estimated based on their size. - Correct-
answer-False. Value is based on reproduction.
