Absolute auction - Study guides, Class notes & Summaries
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Ky Board of Auctioneer Test with 100% verified questions and answers
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Ky Board of Auctioneer Test with 100% verified questions and answers 
Absolute Auction -ANS After the auctioneer calls for bids on an article or lot, that article or lot cannot be 
withdrawn unless no bid is made within a reasonable time 
 
Auction with reserve -ANS when auctioneer may withdraw the property at any time until he or she announces the completion of the sale. The potential bidders are the offerors 
 
Auction with reserve and the sellers reserving the right to bid -ANS The auction...
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GA Auction Study Guide Exam Questions With 100% Correct Answers
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GA Auction Study Guide Exam Questions 
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An auction listing contract - answerMust be written to be enforceable 
Seller - answerIn the contracting to operate a consignment auction this determine the rules of 
the sale between the auctioneer and the _____ 
If a public auction your seller directs you to disregard ethical behavior, you should: - 
answerAvoid the seller 
A real estate deed is a document to determine; - answerConvey land ownership 
An auctioneers license numbe...
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Ky Board of Auctioneer Test with 100% verified questions and answers
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Ky Board of Auctioneer Test with 100% 
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Absolute Auction - CORRECT ANSWER After the auctioneer calls for bids on an article or lot, 
that article or lot cannot be 
withdrawn unless no bid is made within a reasonable time 
Auction with reserve - CORRECT ANSWER when auctioneer may withdraw the property at any 
time until he or she announces the completion of the sale. The potential bidders are the offerors 
Auction with reserve and the sellers reserving the right ...
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Indiana Auctioneer Exam Study Guide || with 100% Errorless Solutions.
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Absolute Auction correct answers also known as a no-reserve auction, it is an auction in which there is no reserve or restriction on price. Goods cannot be withdrawn once bidding is opened UNLESS no bid is made within a reasonable time. 
 
Reserve Auction correct answers an auction in which a seller reserves the right to accept or reject the highest bid within a predetermined time. ALL AUCTIONS ARE WITH RESERVE UNLESS OTHERWISE STATED. Auctioneers can withdraw goods at any time until the complet...
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GA Auction Study Guide || with A+ Guaranteed Solutions.
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An auction listing contract correct answers Must be written to be enforceable 
 
Seller correct answers In the contracting to operate a consignment auction this determine the rules of the sale between the auctioneer and the _____ 
 
If a public auction your seller directs you to disregard ethical behavior, you should: correct answers Avoid the seller 
 
A real estate deed is a document to determine; correct answers Convey land ownership 
 
An auctioneers license number must be displayed on: corr...
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Colibri Real Estate (Missouri) Questions and Answers Graded A+
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Colibri Real Estate (Missouri) Questions and Answers Graded A+ 
Abandonment 
Non-payment of taxes 
 
 
 
Absolute Auction 
An auction where the property is sold to the highest qualified bidder; there is no minimum bid or reserve or right of confirmation. Also called Without Reserve. 
 
 
 
 
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Abstract of Title 
A brief, chronological summary of the recorded documents affect...
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GA Auction Study Guide Exam Questions With 100% Correct Answers
- Exam (elaborations) • 15 pages • 2024
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GA Auction Study Guide Exam Questions 
With 100% Correct Answers 
An auction listing contract - answerMust be written to be enforceable 
Seller - answerIn the contracting to operate a consignment auction this determine the rules of 
the sale between the auctioneer and the _____ 
If a public auction your seller directs you to disregard ethical behavior, you should: - 
answerAvoid the seller 
A real estate deed is a document to determine; - answerConvey land ownership 
An auctioneers license numbe...
-
Affiliate Auctioneer License Test Study Guide || very Flawless.
- Exam (elaborations) • 7 pages • 2024
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When the terms of an agreement are declared by the parties, an ______________ has been made. correct answers Express Contract 
 
An expression by 2 or more persons of a common intention to create a legal expression is an ___________. correct answers Agreement 
 
A _________ is an agreement that creates an obligation between 2 or more parties. correct answers Contract 
 
Authority given to an agent may be ___________ or __________. correct answers Expressed, Implied 
 
A principal or agent may te...
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BUS 334 - QUIZ 2 || with Errorless Solutions 100%.
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In what market do auction houses mainly operate, primary or secondary? correct answers secondary 
 
What is a lot? correct answers an object or group of objects for sale as one unit. 
 
What is an estimated price? correct answers estimated by auction house before the sale. low & high 
 
What is a minimum bid? correct answers "opening bid". The bid that starts the auction. 
 
Who decides on the bid increment? correct answers Auctioneer 
 
What is chandelier bidding? correct answers "fake" bid...
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Auctioneer School questions with correct answers
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Auction CORRECT ANSWER The sale of goods or real estate by means of exchanges between an auctioneer and members of an audience 
 
There shall be ______ member North Carolina auctioneer commission having the power and responsibilities set out in this chapter. The____ shall appoint the members of the commission. CORRECT ANSWER 5 , Governor 
 
"Fund" means Auctioneer Recovery Fund. CORRECT ANSWER True 
 
It is legal and ethical for the commission to investigate the background of any applicant app...
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