Exam Questions And Correct Answers
With Rationales
1. The Ohio Department that licenses auctioneers is the:
A. Department of Commerce
B. Department of Agriculture
C. Department of Licensing
D. Department of Revenue
Rationale: The Ohio Department of Agriculture regulates and licenses
auctioneers under ORC Chapter 4707.
2. To obtain an Ohio auctioneer license, the applicant must be at least:
A. 18 years old
B. 18 years old and a U.S. citizen or legal resident
C. 21 years old
D. 16 years old
,Rationale: ORC 4707.07 requires applicants to be 18 or older and legal
residents.
3. An apprentice auctioneer must work under:
A. Any licensed auctioneer
B. A sponsoring auctioneer
C. A broker
D. A real estate agent
Rationale: Ohio law requires an apprentice to work under a licensed
sponsoring auctioneer for supervision and experience.
4. How long must an apprentice serve before applying for a full auctioneer
license?
A. 3 months
B. 6 months
C. 12 months
D. 24 months
Rationale: The required apprenticeship duration is one year minimum
before applying for full licensure.
5. Which of the following must be included on all advertising for an Ohio
auction?
A. Seller’s name
B. Date of auction only
C. Name of licensed auctioneer and license number
D. Type of auction only
, Rationale: ORC 4707.20 requires licensee name and license number on all
advertisements.
6. The Auction Recovery Fund in Ohio exists to:
A. Fund auction schools
B. Compensate consumers financially harmed by licensed auctioneers
C. Pay government fees
D. Support advertising
Rationale: The fund reimburses public losses due to auctioneer misconduct,
under ORC 4707.25.
7. Which action would result in disciplinary action by the Ohio Department
of Agriculture?
A. Conducting a charity auction for free
B. Failing to sell due to low turnout
C. Failing to remit sale proceeds to a seller
D. Advertising on social media
Rationale: Retaining or delaying seller proceeds violates ORC 4707.15 and
ethical standards.
8. A license is renewed how often in Ohio?
A. Annually
B. Biennially (every two years)
C. Every five years
D. Lifetime license