PA AUCTIONEER 2025”2026 ACTUAL EXAM 160 QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED A, Exams of Financial Management
what is the most important tool of the auctioneer? - ANSWERproduct
knowledge
what is the trademark of the auctioneer? - ANSWERchant
who is accountable and accepts ultimate responsibility of at the auction? -
ANSWERthe auctioneer
how are disputes handled? - ANSWER1.recognize 2. make a decision 3. act on
it 4. move on
what is the importance of the opening talk? - ANSWERtake control- terms
and conditions
what items must be covered in the opening talk before bidding begins? -
ANSWERterms and conditions of the sale
what should an auctioneer not do while selling on the block? -
ANSWERcriticize, condemn and complain
DETAILED ANSWERS (VERIFIED A, Exams of Financial Management
what is the most important tool of the auctioneer? - ANSWERproduct
knowledge
what is the trademark of the auctioneer? - ANSWERchant
who is accountable and accepts ultimate responsibility of at the auction? -
ANSWERthe auctioneer
how are disputes handled? - ANSWER1.recognize 2. make a decision 3. act on
it 4. move on
what is the importance of the opening talk? - ANSWERtake control- terms
and conditions
what items must be covered in the opening talk before bidding begins? -
ANSWERterms and conditions of the sale
what should an auctioneer not do while selling on the block? -
ANSWERcriticize, condemn and complain
