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ARKANSAS AUCTIONEER ACTUAL EXAM |
QUESTIONS AND CORRECT ANSWERS
Auction -CORRECT ANSWER- method of sale of real or personal property, goods,
or chattels, at a predetermined date and time, by means of verbal exchange,
regular mail, telecommunications, the internet, an electronic transmission, or a
physical gesture between an auctioneer and members of the audience
Auctioneer -CORRECT ANSWER- any person who engages or who by advertising
or otherwise holds the person out as being able to engage in the calling for
recognition of and the acceptance of offers the purchase of real or personal
property goods or chattels at auction either directly or through the use of other
licensed auctioneers or apprentice auctioneers .
Country and probate -CORRECT ANSWER- If some states if and auctioneer
advertises an "Estate Auction" what must he/she list in their advertising, other
than the decendent's name
Final or proded for the use -CORRECT ANSWER- If you are Fiduciary your main
responsibility is too
No -CORRECT ANSWER- If you are the "Guardian of person" for your aunt, do you
have the authority to have her chattels sold at auction?
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Apprentice auctioneer -CORRECT ANSWER- any individual who is sponsored by an
auctioneer to deal or engage in any activities mentioned in division A or this
section
Special auctioneer -CORRECT ANSWER- any person who currently is subject to
section 4707.071 of the revised code
Absolute auction -CORRECT ANSWER- and auction of real or personal property to
which all of the following apply
1. The property is sold to the highest bidder without reserve
2. The auction does not require a minimum bid.
3. The auction does not require competing bids of any type by the seller or an
agent of the seller.
4. The seller of the property cannot withdraw the property from the auction after
the auction is opened and there is public solicitation or calling for bids.
Reserve auction -CORRECT ANSWER- and auction in which the seller or an agent
of the seller reserves the right to establish a stated minimum bid the right to
reject or accept any or all bids or the right to withdraw the real or personal
property at any time prior to the completion of the auction by the auctioneer.
Auction mediation company -CORRECT ANSWER- a company that provides a
forum through the internet for a person to sell the person real or property via the
submission of silent bids using a computer or other electronic device .
Public authority -CORRECT ANSWER- any board or commission of the state or any
officer or such a board or commission or any political subdivision of the state.
ARKANSAS AUCTIONEER ACTUAL EXAM |
QUESTIONS AND CORRECT ANSWERS
Auction -CORRECT ANSWER- method of sale of real or personal property, goods,
or chattels, at a predetermined date and time, by means of verbal exchange,
regular mail, telecommunications, the internet, an electronic transmission, or a
physical gesture between an auctioneer and members of the audience
Auctioneer -CORRECT ANSWER- any person who engages or who by advertising
or otherwise holds the person out as being able to engage in the calling for
recognition of and the acceptance of offers the purchase of real or personal
property goods or chattels at auction either directly or through the use of other
licensed auctioneers or apprentice auctioneers .
Country and probate -CORRECT ANSWER- If some states if and auctioneer
advertises an "Estate Auction" what must he/she list in their advertising, other
than the decendent's name
Final or proded for the use -CORRECT ANSWER- If you are Fiduciary your main
responsibility is too
No -CORRECT ANSWER- If you are the "Guardian of person" for your aunt, do you
have the authority to have her chattels sold at auction?
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Apprentice auctioneer -CORRECT ANSWER- any individual who is sponsored by an
auctioneer to deal or engage in any activities mentioned in division A or this
section
Special auctioneer -CORRECT ANSWER- any person who currently is subject to
section 4707.071 of the revised code
Absolute auction -CORRECT ANSWER- and auction of real or personal property to
which all of the following apply
1. The property is sold to the highest bidder without reserve
2. The auction does not require a minimum bid.
3. The auction does not require competing bids of any type by the seller or an
agent of the seller.
4. The seller of the property cannot withdraw the property from the auction after
the auction is opened and there is public solicitation or calling for bids.
Reserve auction -CORRECT ANSWER- and auction in which the seller or an agent
of the seller reserves the right to establish a stated minimum bid the right to
reject or accept any or all bids or the right to withdraw the real or personal
property at any time prior to the completion of the auction by the auctioneer.
Auction mediation company -CORRECT ANSWER- a company that provides a
forum through the internet for a person to sell the person real or property via the
submission of silent bids using a computer or other electronic device .
Public authority -CORRECT ANSWER- any board or commission of the state or any
officer or such a board or commission or any political subdivision of the state.
