TN Auctioneer Practice Questions - Tennessee Licensed Auctioneer Exam

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What is the proper procedure for handling a dispute between two bidders over who placed the winning bid at a Tennessee auction?

Always side with the bidder who is a regular customer The auctioneer should stop the sale, investigate the dispute fairly, and either reopen bidding on the disputed item or make a determination based on the facts Flip a coin Ignore the dispute and move to the next lot

Correct Answer:

The auctioneer should stop the sale, investigate the dispute fairly, and either reopen bidding on the disputed item or make a determination based on the facts

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