AL Auctioneer Practice Questions - Alabama Licensed Auctioneer Exam

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An Alabama auctioneer advertises an auction as 'absolute' but then refuses to sell the property because bidding is too low. This action is:

A violation of Alabama law and advertising rules because an absolute auction must sell to the highest bidder Permissible if the auctioneer announces the change before the first bid Legal as long as the seller provides written permission to withdraw Acceptable if the final bid is less than 50% of appraised value

Correct Answer:

A violation of Alabama law and advertising rules because an absolute auction must sell to the highest bidder

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