OH Auctioneer Practice Questions - Ohio Licensed Auctioneer Exam

Under Ohio advertising rules, advertising an auction as 'absolute' when the seller intends to set reserves is:

Permitted if the auctioneer announces reserves at the start of the auction A deceptive trade practice that violates Ohio consumer protection law Acceptable if fewer than half the lots have reserves Only a problem if a bidder complains

Correct Answer:

A deceptive trade practice that violates Ohio consumer protection law

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