SC Auctioneer Practice Questions - South Carolina Licensed Auctioneer Exam

Under South Carolina law, how should an auctioneer handle an absentee bid?

Ignore absentee bids; only floor bids count Execute the absentee bid competitively against floor bidders, bidding on behalf of the absentee up to their maximum authorized amount using normal bid increments Immediately sell the item at the absentee bid amount Announce the absentee bidder's maximum bid to all floor bidders

Correct Answer:

Execute the absentee bid competitively against floor bidders, bidding on behalf of the absentee up to their maximum authorized amount using normal bid increments

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