IL Auctioneer Practice Questions - Illinois Licensed Auctioneer Exam

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A seller gives an auctioneer a list of 10 items to sell, but the auctioneer also sells 3 additional items belonging to a different owner without a separate contract. What violation has occurred?

No violation if all items sold for fair market value The auctioneer exceeded the scope of authority granted by the original principal The auctioneer violated advertising rules only The auctioneer committed a tax violation

Correct Answer:

The auctioneer exceeded the scope of authority granted by the original principal

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