MA Auctioneer Practice Questions - Massachusetts Licensed Auctioneer Exam

What is the requirement for advertising an auction with a 'buyer's premium' in Massachusetts?

No disclosure is required The buyer's premium must be clearly disclosed in all advertising and auction terms The premium only needs to be announced at the start of the auction Only premiums above 20% need to be disclosed

Correct Answer:

The buyer's premium must be clearly disclosed in all advertising and auction terms

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