NH Auctioneer Practice Questions - New Hampshire Licensed Auctioneer Exam

Which of the following scenarios most clearly demonstrates a breach of the auctioneer's duty of disclosure?

Not revealing the expected attendance at the auction Failing to inform the seller that a major competing auction is scheduled for the same day Not disclosing the weather forecast for auction day Failing to list every minor scratch on furniture items

Correct Answer:

Failing to inform the seller that a major competing auction is scheduled for the same day

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