IL Auctioneer Practice Questions - Illinois Licensed Auctioneer Exam

What is 'puffing' in the context of auction sales?

Inflating the actual condition of an item through exaggerated praise that a reasonable person would not rely upon Making false factual statements about an item's provenance Setting artificially high reserve prices Placing shill bids to inflate the price

Correct Answer:

Inflating the actual condition of an item through exaggerated praise that a reasonable person would not rely upon

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