OH Auctioneer Practice Questions - Ohio Licensed Auctioneer Exam

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An Ohio auctioneer is asked to sell a vehicle at auction. The title shows an existing lien from a bank. What must happen before the vehicle can be sold with clear title?

The auctioneer can sell it and let the buyer deal with the lien The lien must be satisfied (paid off) and released before the vehicle can be sold with clear title Liens automatically transfer to the new buyer Only the bank can sell the vehicle

Correct Answer:

The lien must be satisfied (paid off) and released before the vehicle can be sold with clear title

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