TX Auctioneer State License Exam
Study Material-#4 Questions and
Answers 100% Pass
Auction without reserve -
CORRECT ANSWER-an auction in which property put up for sale is sold to the
highest bidder, where the seller my not withdraw the property from the auction
after the auctioneer calls for bids unless no bid is make in a reasonable time
Operated -
CORRECT ANSWER-to have fiduciary and operational responsibilities for an
auction company's auctions conducted in Texas
One year -
CORRECT ANSWER-If an applicant fails the examination twice during the one
year application period, the application will be terminated and the applicant may
not reapply until _____ ______ from the date of the second failure
Six; Two -
, CORRECT ANSWER-To renew a license as an auctioneer or associate auctioneer,
a licensee must complete ___ hours of continuing education in courses approved
by the department, including ___hours of instruction in laws and rules that
regulate the conduct of auctioneers and associate auctioneers.
Auctioneer's name -
CORRECT ANSWER-All advertisements designed to solicit action business,
including the advertisement of an auction, shall include the _________ ____ as it
appears on the license and the license number
Amount -
CORRECT ANSWER-An auctioneer who intends to charge a buyer's premium at
an auction must state this condition and the _______ of the buyer's premium in all
advertising for the auction
False; misleading -
CORRECT ANSWER-An auctioneer may not make a _____ or __________
statement in an advertisement
Auction Companies -
CORRECT ANSWER-An auctioneer must furnish to the department the name,
including assumed names, addresses, website, or social media pages, and telephone
numbers of all ______ ________ that the auctioneer owns or operates
Trust; escrow -
Study Material-#4 Questions and
Answers 100% Pass
Auction without reserve -
CORRECT ANSWER-an auction in which property put up for sale is sold to the
highest bidder, where the seller my not withdraw the property from the auction
after the auctioneer calls for bids unless no bid is make in a reasonable time
Operated -
CORRECT ANSWER-to have fiduciary and operational responsibilities for an
auction company's auctions conducted in Texas
One year -
CORRECT ANSWER-If an applicant fails the examination twice during the one
year application period, the application will be terminated and the applicant may
not reapply until _____ ______ from the date of the second failure
Six; Two -
, CORRECT ANSWER-To renew a license as an auctioneer or associate auctioneer,
a licensee must complete ___ hours of continuing education in courses approved
by the department, including ___hours of instruction in laws and rules that
regulate the conduct of auctioneers and associate auctioneers.
Auctioneer's name -
CORRECT ANSWER-All advertisements designed to solicit action business,
including the advertisement of an auction, shall include the _________ ____ as it
appears on the license and the license number
Amount -
CORRECT ANSWER-An auctioneer who intends to charge a buyer's premium at
an auction must state this condition and the _______ of the buyer's premium in all
advertising for the auction
False; misleading -
CORRECT ANSWER-An auctioneer may not make a _____ or __________
statement in an advertisement
Auction Companies -
CORRECT ANSWER-An auctioneer must furnish to the department the name,
including assumed names, addresses, website, or social media pages, and telephone
numbers of all ______ ________ that the auctioneer owns or operates
Trust; escrow -
