MA Auctioneer Practice Questions - Massachusetts Licensed Auctioneer Exam

Under Massachusetts advertising rules, can an auctioneer advertise 'guaranteed lowest prices' at auction?

Yes, if the auctioneer believes it to be true No, because auction prices are determined by competitive bidding and cannot be guaranteed Yes, if the items are sold without reserve Only for items under $500

Correct Answer:

No, because auction prices are determined by competitive bidding and cannot be guaranteed

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