WI Auctioneer Practice Questions - Wisconsin Licensed Auctioneer Exam

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Under Wisconsin ethics, an auctioneer who discovers a mathematical error on a settlement statement that overpaid themselves must:

Keep the overpayment since the statement was already issued Promptly correct the error and refund the overpayment to the seller Only correct it if the seller notices Report it to DSPS but keep the funds

Correct Answer:

Promptly correct the error and refund the overpayment to the seller

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