LA Auctioneer Practice Questions - Louisiana Licensed Auctioneer Exam

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An auctioneer in Louisiana uses the phrase 'everything must go' in an advertisement. Under what condition could this be considered misleading?

If the auction is held on a weekday If the seller has reserved the right to withdraw items or set reserve prices If the auction includes more than 100 lots If the auctioneer charges a buyer's premium

Correct Answer:

If the seller has reserved the right to withdraw items or set reserve prices

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