IL Auctioneer Practice Questions - Illinois Licensed Auctioneer Exam

Access More Questions

An auctioneer collects $75,000 from buyers at an auction. The auctioneer's commission is 10%, advertising costs are $2,500, and there is $500 in miscellaneous expenses. What are the net proceeds payable to the seller?

$$62,000 $$64,500 $$67,000 $$67,500

Correct Answer:

$$64,500

Access more questions from this quiz

Continue to IL Auctioneer Practice Questions - Illinois Licensed Auctioneer Exam for more practice questions and the full quiz experience.

Access More Questions