IL Auctioneer Practice Questions - Illinois Licensed Auctioneer Exam

Which of the following advertising claims would violate Illinois auction advertising rules?

'Estate Auction — Saturday, March 15' 'Absolute Auction — Everything Must Sell' 'Guaranteed Minimum Price of $50,000 on All Lots' 'Over 200 Lots of Antiques and Collectibles'

Correct Answer:

'Guaranteed Minimum Price of $50,000 on All Lots'

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