WI Auctioneer Practice Questions - Wisconsin Licensed Auctioneer Exam

Under Wisconsin law, the term 'absolute auction' means:

The auction is absolutely final with no returns The property will be sold to the highest bidder with no reserve or minimum bid The auctioneer absolutely guarantees the item's condition Bidding will absolutely start at the appraised value

Correct Answer:

The property will be sold to the highest bidder with no reserve or minimum bid

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