IL Auctioneer Practice Questions - Illinois Licensed Auctioneer Exam

Access More Questions

An auctioneer sells a parcel of real estate at auction for $250,000. The commission is 6% and there is a $2,500 advertising expense to be deducted. What are the net proceeds to the seller?

$$230,000 $$232,500 $$235,000 $$237,500

Correct Answer:

$$232,500

Access more questions from this quiz

Continue to IL Auctioneer Practice Questions - Illinois Licensed Auctioneer Exam for more practice questions and the full quiz experience.

Access More Questions