IL Auctioneer Practice Questions - Illinois Licensed Auctioneer Exam

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Under Illinois administrative rules, which of the following is a ground for disciplinary action against a licensed auctioneer?

Charging a buyer's premium that is higher than competing auctioneers Commingling client funds with the auctioneer's personal or business operating funds Refusing to conduct an auction on a Sunday Charging commission rates above 5%

Correct Answer:

Commingling client funds with the auctioneer's personal or business operating funds

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