[GNRA] Georgia Non Resident Auctioneer
Licensureination Certification Exam Guide
**Question 1.** Under Georgia Title 43, Chapter 6, what is the primary characteristic of an
“absolute auction”?
A) The seller may set a minimum bid.
B) The property is conveyed to the highest bidder without reservation.
C) The auctioneer can reject any bid at discretion.
D) Bids are accepted only if they meet a pre‑determined reserve.
Answer: B
Explanation: An absolute auction requires the seller to sell to the highest bona‑fide bidder, with
no reserve price or right to reject bids.
**Question 2.** Which of the following best describes the term “auction company” as defined
in Georgia law?
A) Any individual who calls an auction.
B) A corporation or partnership that must be registered and supervised by a licensed auctioneer.
C) A non‑profit organization exempt from licensing.
D) An entity that only provides auction equipment.
Answer: B
Explanation: Georgia law mandates that an auction company be registered and overseen by a
licensed auctioneer to ensure compliance with statutory requirements.
**Question 3.** In Georgia, the “caller” of an auction is:
A) Any person who makes a bid.
B) The licensed professional who conducts the auction.
C) The seller of the property.
D) The person who advertises the auction.
Answer: B
, [GNRA] Georgia Non Resident Auctioneer
Licensureination Certification Exam Guide
Explanation: The term “caller” refers specifically to the licensed auctioneer who conducts the
auction and calls the bids.
**Question 4.** The Georgia Auctioneers Commission is composed of how many auctioneers?
A) 3
B) 5
C) 7
D) 9
Answer: B
Explanation: The commission includes five auctioneers plus one consumer member, as
stipulated in the statutes.
**Question 5.** Which power does the Georgia Auctioneers Commission NOT possess?
A) Issuing new auctioneer licenses.
B) Setting the state income tax rate.
C) Suspending a license for misconduct.
D) Revoking a license after a hearing.
Answer: B
Explanation: The commission’s authority is limited to auctioneering matters; it does not set tax
policy.
**Question 6.** The Commission may collect which of the following fees?
A) Vehicle registration fees.
B) Appraisal fees and auction fees.
C) Property tax fees.
D) Federal licensing fees.
, [GNRA] Georgia Non Resident Auctioneer
Licensureination Certification Exam Guide
Answer: B
Explanation: The commission is authorized to collect fees related to appraisal and auction
licensing activities.
**Question 7.** A non‑resident auctioneer may obtain a Georgia license without taking the
exam if they meet the reciprocity requirement. Which condition is essential for reciprocity?
A) Holding a license in any other U.S. state.
B) Holding a license in a state that has a written reciprocity agreement with Georgia.
C) Having at least five years of experience.
D) Completing a Georgia‑specific online course.
Answer: B
Explanation: Reciprocity is granted only when the other state has a formal agreement
recognizing Georgia’s licensing standards.
**Question 8.** The “Designation of Agent for the Service of Process” form is required for:
A. All auction listings.
B. All non‑resident auctioneers applying for a Georgia license.
C. Only auction companies with more than three employees.
D. Sellers of real estate at auction.
Answer: B
Explanation: Non‑resident applicants must file this form to designate a Georgia agent who can
receive legal documents on their behalf.
**Question 9.** For a foreign corporation wishing to operate as an auction company in Georgia,
which entity must authorize it?
A. The Georgia Department of Revenue.
, [GNRA] Georgia Non Resident Auctioneer
Licensureination Certification Exam Guide
B. The Secretary of State of Georgia.
C. The Federal Trade Commission.
D. The local county clerk.
Answer: B
Explanation: The Secretary of State provides the necessary authorization for foreign entities to
conduct business in Georgia, including auction companies.
**Question 10.** Rule 55‑5 of Department 55 requires that every auction listing contract must
be:
A. Signed electronically only.
B. Written and contain specific disclosures.
C. Verbal if the sale price is under $500.
D. Submitted to the Commission within 24 hours.
Answer: B
Explanation: The rule mandates a written contract that includes essential disclosures to protect
both seller and buyer.
**Question 11.** According to Rule 55‑5, what must appear on all advertising materials for an
auction?
A. The auctioneer’s home address.
B. The auctioneer’s name and license number.
C. The seller’s social security number.
D. The estimated final sale price.
Answer: B
Explanation: Advertising must display the auctioneer’s name and license number to ensure
transparency and compliance.
Licensureination Certification Exam Guide
**Question 1.** Under Georgia Title 43, Chapter 6, what is the primary characteristic of an
“absolute auction”?
A) The seller may set a minimum bid.
B) The property is conveyed to the highest bidder without reservation.
C) The auctioneer can reject any bid at discretion.
D) Bids are accepted only if they meet a pre‑determined reserve.
Answer: B
Explanation: An absolute auction requires the seller to sell to the highest bona‑fide bidder, with
no reserve price or right to reject bids.
**Question 2.** Which of the following best describes the term “auction company” as defined
in Georgia law?
A) Any individual who calls an auction.
B) A corporation or partnership that must be registered and supervised by a licensed auctioneer.
C) A non‑profit organization exempt from licensing.
D) An entity that only provides auction equipment.
Answer: B
Explanation: Georgia law mandates that an auction company be registered and overseen by a
licensed auctioneer to ensure compliance with statutory requirements.
**Question 3.** In Georgia, the “caller” of an auction is:
A) Any person who makes a bid.
B) The licensed professional who conducts the auction.
C) The seller of the property.
D) The person who advertises the auction.
Answer: B
, [GNRA] Georgia Non Resident Auctioneer
Licensureination Certification Exam Guide
Explanation: The term “caller” refers specifically to the licensed auctioneer who conducts the
auction and calls the bids.
**Question 4.** The Georgia Auctioneers Commission is composed of how many auctioneers?
A) 3
B) 5
C) 7
D) 9
Answer: B
Explanation: The commission includes five auctioneers plus one consumer member, as
stipulated in the statutes.
**Question 5.** Which power does the Georgia Auctioneers Commission NOT possess?
A) Issuing new auctioneer licenses.
B) Setting the state income tax rate.
C) Suspending a license for misconduct.
D) Revoking a license after a hearing.
Answer: B
Explanation: The commission’s authority is limited to auctioneering matters; it does not set tax
policy.
**Question 6.** The Commission may collect which of the following fees?
A) Vehicle registration fees.
B) Appraisal fees and auction fees.
C) Property tax fees.
D) Federal licensing fees.
, [GNRA] Georgia Non Resident Auctioneer
Licensureination Certification Exam Guide
Answer: B
Explanation: The commission is authorized to collect fees related to appraisal and auction
licensing activities.
**Question 7.** A non‑resident auctioneer may obtain a Georgia license without taking the
exam if they meet the reciprocity requirement. Which condition is essential for reciprocity?
A) Holding a license in any other U.S. state.
B) Holding a license in a state that has a written reciprocity agreement with Georgia.
C) Having at least five years of experience.
D) Completing a Georgia‑specific online course.
Answer: B
Explanation: Reciprocity is granted only when the other state has a formal agreement
recognizing Georgia’s licensing standards.
**Question 8.** The “Designation of Agent for the Service of Process” form is required for:
A. All auction listings.
B. All non‑resident auctioneers applying for a Georgia license.
C. Only auction companies with more than three employees.
D. Sellers of real estate at auction.
Answer: B
Explanation: Non‑resident applicants must file this form to designate a Georgia agent who can
receive legal documents on their behalf.
**Question 9.** For a foreign corporation wishing to operate as an auction company in Georgia,
which entity must authorize it?
A. The Georgia Department of Revenue.
, [GNRA] Georgia Non Resident Auctioneer
Licensureination Certification Exam Guide
B. The Secretary of State of Georgia.
C. The Federal Trade Commission.
D. The local county clerk.
Answer: B
Explanation: The Secretary of State provides the necessary authorization for foreign entities to
conduct business in Georgia, including auction companies.
**Question 10.** Rule 55‑5 of Department 55 requires that every auction listing contract must
be:
A. Signed electronically only.
B. Written and contain specific disclosures.
C. Verbal if the sale price is under $500.
D. Submitted to the Commission within 24 hours.
Answer: B
Explanation: The rule mandates a written contract that includes essential disclosures to protect
both seller and buyer.
**Question 11.** According to Rule 55‑5, what must appear on all advertising materials for an
auction?
A. The auctioneer’s home address.
B. The auctioneer’s name and license number.
C. The seller’s social security number.
D. The estimated final sale price.
Answer: B
Explanation: Advertising must display the auctioneer’s name and license number to ensure
transparency and compliance.
