Indiana Auctioneer Exam Study Guide Questions And Answers With Real Set
Indiana Auctioneer Exam Study Guide Questions And Answers With Real Set Absolute Auction ANS also known as a no-reserve auction, it is an auction in which there is no reserve or restriction on price. Goods cannot be withdrawn once bidding is opened UNLESS no bid is made within a reasonable time. Reserve Auction ANS an auction in which a seller reserves the right to accept or reject the highest bid within a predetermined time. ALL AUCTIONS ARE WITH RESERVE UNLESS OTHERWISE STATED. Auctioneers can withdraw goods at any time until the completion of the sale. Auctioneer can bid on behalf of the seller up to amount of reserve price. trust or escrow account ANS Must be a separate account from the auctioneer's personal bank account, used for all funds belonging to others. Deposits must be within 48 hours or the next business day Recovery Fund ANS maintained by the Auction Committee, requirements for payment out of the fund, required amounts in the fund
Escuela, estudio y materia
- Institución
- Indiana Auctioneer
- Grado
- Indiana Auctioneer
Información del documento
- Subido en
- 26 de febrero de 2025
- Número de páginas
- 21
- Escrito en
- 2024/2025
- Tipo
- Examen
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- Preguntas y respuestas
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indiana auctioneer
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indiana auctioneer exam study guide questions and
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indiana auctioneer exam study guide
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