GA /
Auction
/ /
Study
/ /
Guide Questions With Correct Answers
/ // // // // //
Seller - // /
CORRECT
/ /
ANSWERS(S)✔✔In
/ /
the
/ /
contracting
/ /
to
/ /
operate
/ //
a /
consignment
/ /
auction
/ /
this
/ /
determine
/ /
the rules of the sale between the auctioneer and the _____
/ // // // // // // // // // //
If //
a /
public
/ /
auction
/ /
,/ your /
/ seller /
/ directs /
/ you /
/ to /
/ disregard /
/ ethical /
/ behavior, /
/ you should: - CORRECT ANSWERS(S)✔✔Avoid the seller
// // // // // //
A /
real
/ /
estate
/ /
deed
/ /
is
/ //
a /
document to determine; - CORRECT ANSWERS(S)✔✔Convey land
/ // // // // // //
ownership
//
An /
auctioneers
/ /
license
/ /
number
/ /
must be displayed on: - CORRECT ANSWERS(S)✔✔All advertising
/ // // // // // // //
of all auctions
// // //
,An /
auctioneers
/ /
first agency obligation is to - CORRECT ANSWERS(S)✔✔Sellers
/ // // // // // // //
How /
should
/ /
an
/ /
auctioneer
/ /
dress? - CORRECT ANSWERS(S)✔✔Comparable with your bidders
/ // // // // // //
The /
best
/ /
chant
/ /
for
/ /
an
/ /
auctioneer
/ /
is to be: - CORRECT ANSWERS(S)✔✔Easily understood
/ // // // // // //
liquidation /
auction -
/ // /
CORRECT ANSWERS(S)✔✔Selling remaining inventory at auction
/ // // // // //
The /
Auction
/ /
Commission
/ /
, / can /
/ regulate /
/ the amount of commission you can charge to sell real estate.
// // // // // // // // // //
T or F - CORRECT ANSWERS(S)✔✔False
// // // // //
Registration /
of
/ /
bidders
/ /
at an auction - CORRECT ANSWERS(S)✔✔Creates a mailing list
/ // // // // // // // //
If //
a /
licensed
/ /
Auctioneer
/ /
allows
/ /
an
/ /
unlicensed
/ /
person to call their auction, both parties have violated the law.
/ // // // // // // // // // // //
T or F - CORRECT ANSWERS(S)✔✔True
// // // // //
A /
chapter
/ /
11
/ /
bankruptcy
/ /
is a debtor in possession who has filed for reorganization.
/ // // // // // // // // //
Auction
/ /
Study
/ /
Guide Questions With Correct Answers
/ // // // // //
Seller - // /
CORRECT
/ /
ANSWERS(S)✔✔In
/ /
the
/ /
contracting
/ /
to
/ /
operate
/ //
a /
consignment
/ /
auction
/ /
this
/ /
determine
/ /
the rules of the sale between the auctioneer and the _____
/ // // // // // // // // // //
If //
a /
public
/ /
auction
/ /
,/ your /
/ seller /
/ directs /
/ you /
/ to /
/ disregard /
/ ethical /
/ behavior, /
/ you should: - CORRECT ANSWERS(S)✔✔Avoid the seller
// // // // // //
A /
real
/ /
estate
/ /
deed
/ /
is
/ //
a /
document to determine; - CORRECT ANSWERS(S)✔✔Convey land
/ // // // // // //
ownership
//
An /
auctioneers
/ /
license
/ /
number
/ /
must be displayed on: - CORRECT ANSWERS(S)✔✔All advertising
/ // // // // // // //
of all auctions
// // //
,An /
auctioneers
/ /
first agency obligation is to - CORRECT ANSWERS(S)✔✔Sellers
/ // // // // // // //
How /
should
/ /
an
/ /
auctioneer
/ /
dress? - CORRECT ANSWERS(S)✔✔Comparable with your bidders
/ // // // // // //
The /
best
/ /
chant
/ /
for
/ /
an
/ /
auctioneer
/ /
is to be: - CORRECT ANSWERS(S)✔✔Easily understood
/ // // // // // //
liquidation /
auction -
/ // /
CORRECT ANSWERS(S)✔✔Selling remaining inventory at auction
/ // // // // //
The /
Auction
/ /
Commission
/ /
, / can /
/ regulate /
/ the amount of commission you can charge to sell real estate.
// // // // // // // // // //
T or F - CORRECT ANSWERS(S)✔✔False
// // // // //
Registration /
of
/ /
bidders
/ /
at an auction - CORRECT ANSWERS(S)✔✔Creates a mailing list
/ // // // // // // // //
If //
a /
licensed
/ /
Auctioneer
/ /
allows
/ /
an
/ /
unlicensed
/ /
person to call their auction, both parties have violated the law.
/ // // // // // // // // // // //
T or F - CORRECT ANSWERS(S)✔✔True
// // // // //
A /
chapter
/ /
11
/ /
bankruptcy
/ /
is a debtor in possession who has filed for reorganization.
/ // // // // // // // // //
