AL Auctioneer Practice Questions - Alabama Licensed Auctioneer Exam

An auctioneer's fiduciary duty of 'obedience' to the seller means:

The auctioneer must follow the lawful instructions of the seller The seller must obey the auctioneer's decisions about the auction The auctioneer must report to the Board before each auction The buyer must follow the auctioneer's payment instructions

Correct Answer:

The auctioneer must follow the lawful instructions of the seller

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