PA Auctioneer Exam 2023/2024 with 100%
correct answers
what is the most important tool of the auctioneer? - ANSWER--
product knowledge
what is the trademark of the auctioneer? - ANSWER--chant
who is accountable and accepts ultimate responsibility of at the
auction? - ANSWER--the auctioneer
when selling personal property at auction, when does the legal title
pass? - ANSWER--fall of the hammer
how do you handle a tie bid that occurs at hammer's fall? -
ANSWER--at the discretion of the auctioneer
how are disputes handled? - ANSWER--1.recognize 2. make a
decision 3. act on it 4. move on
what is the importance of the opening talk? - ANSWER--take
control- terms and conditions
what items must be covered in the opening talk before bidding
begins? - ANSWER--terms and conditions of the sale
, PA Auctioneer Exam 2023/2024 with 100%
correct answers
what should an auctioneer not do while selling on the block? -
ANSWER--criticize, condemn and complain
what is the best personal property chant? - ANSWER--few filler
words
what is trotting? - ANSWER--price enhancing technique used
by an auctioneer who has no bid or few and lower bids then
wanted. Auctioneer pretends that they have other bids to
stimulate the bidding by legitimate bidders- It is illegal
what is a shill? - ANSWER--a price enhancing technique, used
by an auctioneer to inflate the bids whereby and individual is
placed in the audience to run up the bids to a predetermined
amount usually set by the auctioneer- It is illegal and
unethical
what is puffing? - ANSWER--a price enhancing technique that
may originate with a person employed by the seller to raise
the selling price by facilitating bids- Illegal, contract is then
void or voidable
what is a fast knock? - ANSWER--a technique used to stimulate
excitement amongst bidders, auctioneer asked for a low
correct answers
what is the most important tool of the auctioneer? - ANSWER--
product knowledge
what is the trademark of the auctioneer? - ANSWER--chant
who is accountable and accepts ultimate responsibility of at the
auction? - ANSWER--the auctioneer
when selling personal property at auction, when does the legal title
pass? - ANSWER--fall of the hammer
how do you handle a tie bid that occurs at hammer's fall? -
ANSWER--at the discretion of the auctioneer
how are disputes handled? - ANSWER--1.recognize 2. make a
decision 3. act on it 4. move on
what is the importance of the opening talk? - ANSWER--take
control- terms and conditions
what items must be covered in the opening talk before bidding
begins? - ANSWER--terms and conditions of the sale
, PA Auctioneer Exam 2023/2024 with 100%
correct answers
what should an auctioneer not do while selling on the block? -
ANSWER--criticize, condemn and complain
what is the best personal property chant? - ANSWER--few filler
words
what is trotting? - ANSWER--price enhancing technique used
by an auctioneer who has no bid or few and lower bids then
wanted. Auctioneer pretends that they have other bids to
stimulate the bidding by legitimate bidders- It is illegal
what is a shill? - ANSWER--a price enhancing technique, used
by an auctioneer to inflate the bids whereby and individual is
placed in the audience to run up the bids to a predetermined
amount usually set by the auctioneer- It is illegal and
unethical
what is puffing? - ANSWER--a price enhancing technique that
may originate with a person employed by the seller to raise
the selling price by facilitating bids- Illegal, contract is then
void or voidable
what is a fast knock? - ANSWER--a technique used to stimulate
excitement amongst bidders, auctioneer asked for a low
