LA Auctioneer Practice Questions - Louisiana Licensed Auctioneer Exam

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A Louisiana auctioneer simultaneously represents two competing sellers at the same auction, each selling similar items, without disclosing this to either seller. Which ethical principle has the auctioneer violated?

The duty of accounting The duty of loyalty, by creating an undisclosed conflict of interest between competing principals The duty of obedience No ethical principle has been violated

Correct Answer:

The duty of loyalty, by creating an undisclosed conflict of interest between competing principals

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