LA Auctioneer Practice Questions - Louisiana Licensed Auctioneer Exam

Which of the following is an example of the auctioneer's duty of loyalty to the principal?

Charging the lowest possible commission rate Not using confidential information gained from the agency relationship for personal benefit Always starting bidding at the reserve price Conducting at least three auctions per year for the same seller

Correct Answer:

Not using confidential information gained from the agency relationship for personal benefit

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