IL Auctioneer Practice Questions - Illinois Licensed Auctioneer Exam

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Under Section 20-15 of the Illinois Auction License Act (225 ILCS 407), which of the following is grounds for discipline?

Conducting an auction on a holiday Obtaining a license by fraud, misrepresentation, or deceit Charging a buyer's premium Using an online bidding platform

Correct Answer:

Obtaining a license by fraud, misrepresentation, or deceit

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