OH Auctioneer Practice Questions - Ohio Licensed Auctioneer Exam

Under ORC 4707, what is an 'auction firm' license and how does it differ from an individual auctioneer license?

They are the same license An auction firm license allows a business entity to conduct auctions through its licensed individual auctioneers An auction firm license replaces the need for individual licenses Auction firm licenses are only for online auction platforms

Correct Answer:

An auction firm license allows a business entity to conduct auctions through its licensed individual auctioneers

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