IL Auctioneer Practice Questions - Illinois Licensed Auctioneer Exam

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According to Section 10-5 of the Illinois Auction License Act (225 ILCS 407), which of the following is required for licensure as an auctioneer?

A four-year college degree in business A high school diploma or equivalent and passage of a written examination Completion of at least 80 hours of pre-licensing auction education Payment of a $5,000 surety bond

Correct Answer:

A high school diploma or equivalent and passage of a written examination

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