LA Auctioneer Practice Questions - Louisiana Licensed Auctioneer Exam

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A Louisiana auctioneer wants to advertise a 'charity auction' where 50% of proceeds go to a local nonprofit. What additional disclosure is required?

No additional disclosure is needed for charity auctions The specific charity, the percentage going to charity, and whether the items are donated or consigned must be clearly disclosed Only the auctioneer's license number needs to be displayed Charity auctions are exempt from all advertising requirements

Correct Answer:

The specific charity, the percentage going to charity, and whether the items are donated or consigned must be clearly disclosed

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