IL Auctioneer Practice Questions - Illinois Licensed Auctioneer Exam

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An Illinois auctioneer conducts a charity auction where all proceeds go to a nonprofit. Is the auctioneer required to hold a license?

No, charity auctions are always exempt from licensing Yes, unless a specific statutory exemption applies to the type of charity auction Only if the auction generates more than $25,000 Only if the auctioneer is paid a fee

Correct Answer:

Yes, unless a specific statutory exemption applies to the type of charity auction

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