1
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Auctioneer exam Questions and Answers
(100% Correct Answers) Already Graded
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Intestate means: [ Ans: ] legal term for dying without a will
The prime time for auto auctions is normally considered to be [
Ans: ] January thru May
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Tobacco is sold by the pound and also by the [ Ans: ] Sheets
The individual appointed by the testator to administer the will is
Called an [ Ans: ] executrix/executor
When a buyer moves an item from a table or box to another box
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in an attempt to Hide the item is known as [ Ans: ] saltiing
An agreement between two parties to perform or refrain from
doing something Is a [ Ans: ] . bilateral agreement
Real Property owned by a marriage would usually be Held as [
Ans: ] tenants by the entirety
Pressed glass is best described as [ Ans: ] manufactured
John's gas expense was $500 and his total expenses were
$4000.Gas was what % of his total [ Ans: ] 12.50%
An auctioneer must display their license [ Ans: ] in their office,
prominently
If there is no actual promise stated in the contract it is said To be [
Ans: ] implied
Which of the following warranties are covered under the UCC [
Ans: ] warranty of merchantability and fitness
A person employed or placed in the audience by the auctioneer,
seller, or anyone to run up the bids is called [ Ans: ] a shill
, 2
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If real estate is to be sold at noon, what is the best time for
appliances to be sold [ Ans: ] Immediately after or 12:30 PM
A grade animal has [ Ans: ] mixed or unknown ancestry
The Federal Firearms Law is applicble to selling any firearms after [
Ans: ] 1898
Which of the following may be handed to the buyer at a sale or
auction [ Ans: ] rifles
On the balance sheet, accounts receivables is a [ Ans: ] asset
Which of the following is not a linear measure [ Ans: ] acre
Under the UCC, if the goods being sold at Auction [ Ans: ] and
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the goods are sold in lots each lot is considered a separate sale
b. the sale is complete when the auctioneer says
"sold"
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c. the sale is with reserve unless other wise stated
During the auction, selling an item out of order [ Ans: ] excludes
prospective bidders, causes disruption
When advertising real estate, is it ok to Say for mature couple
b. near the Jewish Community Center
C. great bachelor pad [ Ans: ] No
A licensee must post a bond with the Commonwealth of PA in the
Amount of [ Ans: ] 5,000
Fora fee, an opinion of what an item might bring if sold at auction
is called a [ Ans: ] appraisal
A written expressed contract [ Ans: ] stands on its own must
contain all the elements of a valid contract
A yellow light at an auto auction Mean [ Ans: ] auto has defects
Auctioneers must withhold and pay Social Security and Federal
Withholding taxes to the Federal Government on federal forms [
Ans: ] all, depends upon the payroll payroll
For Expert help and assignment solutions, +254707240657
Auctioneer exam Questions and Answers
(100% Correct Answers) Already Graded
A+
Intestate means: [ Ans: ] legal term for dying without a will
The prime time for auto auctions is normally considered to be [
Ans: ] January thru May
© 2025 Assignment Expert
Tobacco is sold by the pound and also by the [ Ans: ] Sheets
The individual appointed by the testator to administer the will is
Called an [ Ans: ] executrix/executor
When a buyer moves an item from a table or box to another box
Guru01 - Stuvia
in an attempt to Hide the item is known as [ Ans: ] saltiing
An agreement between two parties to perform or refrain from
doing something Is a [ Ans: ] . bilateral agreement
Real Property owned by a marriage would usually be Held as [
Ans: ] tenants by the entirety
Pressed glass is best described as [ Ans: ] manufactured
John's gas expense was $500 and his total expenses were
$4000.Gas was what % of his total [ Ans: ] 12.50%
An auctioneer must display their license [ Ans: ] in their office,
prominently
If there is no actual promise stated in the contract it is said To be [
Ans: ] implied
Which of the following warranties are covered under the UCC [
Ans: ] warranty of merchantability and fitness
A person employed or placed in the audience by the auctioneer,
seller, or anyone to run up the bids is called [ Ans: ] a shill
, 2
For Expert help and assignment solutions, +254707240657
If real estate is to be sold at noon, what is the best time for
appliances to be sold [ Ans: ] Immediately after or 12:30 PM
A grade animal has [ Ans: ] mixed or unknown ancestry
The Federal Firearms Law is applicble to selling any firearms after [
Ans: ] 1898
Which of the following may be handed to the buyer at a sale or
auction [ Ans: ] rifles
On the balance sheet, accounts receivables is a [ Ans: ] asset
Which of the following is not a linear measure [ Ans: ] acre
Under the UCC, if the goods being sold at Auction [ Ans: ] and
© 2025 Assignment Expert
the goods are sold in lots each lot is considered a separate sale
b. the sale is complete when the auctioneer says
"sold"
Guru01 - Stuvia
c. the sale is with reserve unless other wise stated
During the auction, selling an item out of order [ Ans: ] excludes
prospective bidders, causes disruption
When advertising real estate, is it ok to Say for mature couple
b. near the Jewish Community Center
C. great bachelor pad [ Ans: ] No
A licensee must post a bond with the Commonwealth of PA in the
Amount of [ Ans: ] 5,000
Fora fee, an opinion of what an item might bring if sold at auction
is called a [ Ans: ] appraisal
A written expressed contract [ Ans: ] stands on its own must
contain all the elements of a valid contract
A yellow light at an auto auction Mean [ Ans: ] auto has defects
Auctioneers must withhold and pay Social Security and Federal
Withholding taxes to the Federal Government on federal forms [
Ans: ] all, depends upon the payroll payroll
