IL Auctioneer Practice Questions - Illinois Licensed Auctioneer Exam

Which of the following best describes the auctioneer's duty of obedience to the principal?

The auctioneer must obey all instructions from bidders The auctioneer must follow the lawful instructions of the principal (seller) regarding the sale The auctioneer must obey orders from the IDFPR during the auction The auctioneer must follow the highest bidder's instructions

Correct Answer:

The auctioneer must follow the lawful instructions of the principal (seller) regarding the sale

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