OH Auctioneer Practice Questions - Ohio Licensed Auctioneer Exam

What is the 'duty of disclosure' that an Ohio auctioneer owes to the seller?

Disclosing the auctioneer's income tax returns Informing the seller of all material facts that could affect the seller's decisions regarding the auction Disclosing the names of all bidders before the auction Revealing the auctioneer's other clients

Correct Answer:

Informing the seller of all material facts that could affect the seller's decisions regarding the auction

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