LA Auctioneer Practice Questions - Louisiana Licensed Auctioneer Exam

In a Dutch auction, how does bidding work?

Bidding starts low and increases until a buyer accepts The auctioneer starts at a high price and decreases until a buyer accepts All bids are submitted in sealed envelopes Only pre-registered bidders may participate

Correct Answer:

The auctioneer starts at a high price and decreases until a buyer accepts

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