IL Auctioneer Practice Questions - Illinois Licensed Auctioneer Exam

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An auctioneer is planning to advertise an upcoming auction in a newspaper. Which of the following elements is REQUIRED by Illinois regulations?

The estimated total value of all items The name of the sponsoring auctioneer or the sponsoring auctioneer's registered assumed business name A complete inventory of every item to be sold The appraised value of each lot

Correct Answer:

The name of the sponsoring auctioneer or the sponsoring auctioneer's registered assumed business name

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