TN Auctioneer Practice Questions - Tennessee Licensed Auctioneer Exam

What is 'chandelier bidding' and is it permitted in Tennessee?

Bidding on chandeliers and lighting fixtures The practice of an auctioneer taking fictitious bids 'off the chandelier' to stimulate bidding — it is generally prohibited unless disclosed A special bidding format for high-end items A legitimate auction technique with no restrictions

Correct Answer:

The practice of an auctioneer taking fictitious bids 'off the chandelier' to stimulate bidding — it is generally prohibited unless disclosed

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