SC Auctioneer Practice Questions - South Carolina Licensed Auctioneer Exam

What is the ethical obligation of a South Carolina auctioneer regarding shill bidding?

Shill bidding is acceptable if disclosed to the seller Shill bidding is prohibited as it constitutes fraud and artificial price inflation Shill bidding is only prohibited at real estate auctions Shill bidding is permitted if the auctioneer uses their own money

Correct Answer:

Shill bidding is prohibited as it constitutes fraud and artificial price inflation

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