8/18/25, 5:04 PM GA Auction Study Guide EXAM Questions & Answers | 100% Verified solutions |Questions with Correct Answers 2025 latest update…
GA Auction Study Guide EXAM Questions &
Answers | 100% Verified solutions |Questions with
Correct Answers 2025 latest update!!
Save
Terms in this set (201)
An auction listing contract Must be written to be enforceable
In the contracting to operate a consignment auction
Seller this determine the rules of the sale between the
auctioneer and the _____
If a public auction your Avoid the seller
seller directs you to
disregard ethical behavior,
you should:
A real estate deed is a Convey land ownership
document to determine;
An auctioneers license All advertising of all auctions
number must be displayed
on:
An auctioneers first Sellers
agency obligation is to
How should an auctioneer Comparable with your bidders
dress?
The best chant for an Easily understood
auctioneer is to be:
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,8/18/25, 5:04 PM GA Auction Study Guide EXAM Questions & Answers | 100% Verified solutions |Questions with Correct Answers 2025 latest update…
liquidation auction Selling remaining inventory at auction
The Auction Commission False
can regulate the amount
of commission you can
charge to sell real estate.
T or F
Registration of bidders at Creates a mailing list
an auction
If a licensed Auctioneer True
allows an unlicensed
person to call their
auction, both parties have
violated the law.
T or F
A chapter 11 bankruptcy is True
a debtor in possession
who has filed for
reorganization.
T or F
At an absolute auction Withdraw and item if no bid is received within a
you can legally reasonable time.
At a court ordered auction True
conducted by an attorney,
the attorney must hold an
Auctioneers license.
T or F
In an agency situation, when a seller authorizes you to
Principal
sell their property.
1. Must include name and address of seller, price
A closing statement property sold for, date and location where sale was
conducted, and date the seller was paid.
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, 8/18/25, 5:04 PM GA Auction Study Guide EXAM Questions & Answers | 100% Verified solutions |Questions with Correct Answers 2025 latest update…
How long must a closing 3 years
statement be kept on
record?
Real Property Land with permanent building thereon
Example of surcharge at 10% buyer's premium
an auction
An auctioneer may bid on Prior notice has been given
behalf of the seller during
the auction when:
Federal laws regulating Always apply
sell of firearms at an
auction apply when?
Personal property is
anything that can be
moved. True or False?
A title to real property A copy of the deed to be transferred.
requires:
A lein on personal False
property is not
enforceable and prohibits
property being
transferred before the lein
is settled.
T or F?
The use of false bidder, by Lead to revocation of your license
bidders, cappers, or shills
to raise the bid may:
Applies to autos repairs, attaches to property that
Mechanic Lein labor and materials went into, and can attach to either
real or personal property.
Real property tax lean Taking precedence over all
https://quizlet.com/1066458346/ga-auction-study-guide-exam-questions-answers-100-verified-solutions-questions-with-correct-answers-2025-latest-u… 3/27
GA Auction Study Guide EXAM Questions &
Answers | 100% Verified solutions |Questions with
Correct Answers 2025 latest update!!
Save
Terms in this set (201)
An auction listing contract Must be written to be enforceable
In the contracting to operate a consignment auction
Seller this determine the rules of the sale between the
auctioneer and the _____
If a public auction your Avoid the seller
seller directs you to
disregard ethical behavior,
you should:
A real estate deed is a Convey land ownership
document to determine;
An auctioneers license All advertising of all auctions
number must be displayed
on:
An auctioneers first Sellers
agency obligation is to
How should an auctioneer Comparable with your bidders
dress?
The best chant for an Easily understood
auctioneer is to be:
https://quizlet.com/1066458346/ga-auction-study-guide-exam-questions-answers-100-verified-solutions-questions-with-correct-answers-2025-latest-u… 1/27
,8/18/25, 5:04 PM GA Auction Study Guide EXAM Questions & Answers | 100% Verified solutions |Questions with Correct Answers 2025 latest update…
liquidation auction Selling remaining inventory at auction
The Auction Commission False
can regulate the amount
of commission you can
charge to sell real estate.
T or F
Registration of bidders at Creates a mailing list
an auction
If a licensed Auctioneer True
allows an unlicensed
person to call their
auction, both parties have
violated the law.
T or F
A chapter 11 bankruptcy is True
a debtor in possession
who has filed for
reorganization.
T or F
At an absolute auction Withdraw and item if no bid is received within a
you can legally reasonable time.
At a court ordered auction True
conducted by an attorney,
the attorney must hold an
Auctioneers license.
T or F
In an agency situation, when a seller authorizes you to
Principal
sell their property.
1. Must include name and address of seller, price
A closing statement property sold for, date and location where sale was
conducted, and date the seller was paid.
https://quizlet.com/1066458346/ga-auction-study-guide-exam-questions-answers-100-verified-solutions-questions-with-correct-answers-2025-latest-u… 2/27
, 8/18/25, 5:04 PM GA Auction Study Guide EXAM Questions & Answers | 100% Verified solutions |Questions with Correct Answers 2025 latest update…
How long must a closing 3 years
statement be kept on
record?
Real Property Land with permanent building thereon
Example of surcharge at 10% buyer's premium
an auction
An auctioneer may bid on Prior notice has been given
behalf of the seller during
the auction when:
Federal laws regulating Always apply
sell of firearms at an
auction apply when?
Personal property is
anything that can be
moved. True or False?
A title to real property A copy of the deed to be transferred.
requires:
A lein on personal False
property is not
enforceable and prohibits
property being
transferred before the lein
is settled.
T or F?
The use of false bidder, by Lead to revocation of your license
bidders, cappers, or shills
to raise the bid may:
Applies to autos repairs, attaches to property that
Mechanic Lein labor and materials went into, and can attach to either
real or personal property.
Real property tax lean Taking precedence over all
https://quizlet.com/1066458346/ga-auction-study-guide-exam-questions-answers-100-verified-solutions-questions-with-correct-answers-2025-latest-u… 3/27
