Indiana Auctioneer Licensure Exam questions and answers 100% guaranteed success.

Indiana Auctioneer Licensure Exam questions and answers 100% guaranteed success. A composition of copper and silver is identified as which? - correct answer. Pewter When weighing silver, an ounce is what part of a pound? - correct answer. 1/12 18 karat gold jewelry is what percent gold? - correct answer. .75 An alloy of tin, lead and brass or copper is characteristic of? - correct answer. Pewter The design of a rug from which a weaver works is called? - correct answer. Weft treads Thread running from the top to bottom of a run is called what? - correct answer. Warp threads What information is obtained from the tag of an oriental rug? - correct answer. City of origin A buyer and seller agree on the purchase price of a property with no pressure on either party. This price is referred to as: - correct answer. Market value Is the signature of the current owner required in the preparation of a personal property appraisal? - correct answer. No Which of the following would be considered a seasonal item when appraising personal property? Choose the letter. A. Household items B. Farm Machinery C. Horses - correct answer. B You are appraising a piece of personal property. Which of the following is not factored into the appraisal? Choose the letter. A. Condition of the item B. Age of the item C. Availability of like items D. Amount of repair work needed - correct answer. D In preparing a farm equipment option, it is necessary to do all of the following except: A. Line up machinery in rows B. Place like machinery together C. Put all accessories with their accompanying piece of equipment - correct answer. B What is the "worst" season to sell farm equipment? - correct answer. Summer Cars sold "AS IS" at automobile auction have what color light turned on? - correct answer. Red What should your first step be when opening the sale? - correct answer. Call the bidders together When representing an absentee bidder, it is acceptable to start the bid where? - correct answer. At half of the maximum absentee bid Opening statements should be: - correct answer. Given with assertiveness to establish who is in control Once a ringman has made the auctioneer aware of the location of a bidder, he should: - correct answer. Let the auctioneer watch that bidder and look for other bidders Gifts of real estate by a will are called: - correct answer. a devise When estate sales lack funds to pay all debts, who gets paid first? - correct answer. Probate courts and administrators Which of the following is required to obtain an Auction Company License to conduct auctions? A. Auctioneer B. Auction House