Texas Auctioneer License-Part 2 | Complete
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Terms in this set (135)
,Name some persons that are 1. U.S. court ordered sale
exempt from needing an 2. A government sponsored or conducted
auctioneer license. sale.
3. A charitable organization as long as no
compensation
4. A sale of real property by a trustee under a
security instrument.
5.A sale of real property by an owner with an
interest or employee (unless he/she is a
licensed auctioneer by trade) and all property
is under a security instrument
6. sealed bid auction w/o option to bid again
7. livestock sales
8. automobile auctions
, T or F. An auctioneer owes a tax False. Auctioneers cannot be taxed on their
or fee to the state based on his services if they are duly licensed.
services for each auction.
T or F. A person auctioning items False. Licenses not required for online
online needs a license. auctions/sales.
A licensed auctioneer can 1. a registered auction firm 2. a real estate
perform an auction for what broker with an auction license 3. a dealer or
three entities? wholesaler of motor vehicles if they hold the
proper registered number.
Questions and Correct Answers | Graded A+ |
Verified Answers | Latest Version | Brand New
Version!
Save
Terms in this set (135)
,Name some persons that are 1. U.S. court ordered sale
exempt from needing an 2. A government sponsored or conducted
auctioneer license. sale.
3. A charitable organization as long as no
compensation
4. A sale of real property by a trustee under a
security instrument.
5.A sale of real property by an owner with an
interest or employee (unless he/she is a
licensed auctioneer by trade) and all property
is under a security instrument
6. sealed bid auction w/o option to bid again
7. livestock sales
8. automobile auctions
, T or F. An auctioneer owes a tax False. Auctioneers cannot be taxed on their
or fee to the state based on his services if they are duly licensed.
services for each auction.
T or F. A person auctioning items False. Licenses not required for online
online needs a license. auctions/sales.
A licensed auctioneer can 1. a registered auction firm 2. a real estate
perform an auction for what broker with an auction license 3. a dealer or
three entities? wholesaler of motor vehicles if they hold the
proper registered number.
