SC Auctioneer Practice Questions - South Carolina Licensed Auctioneer Exam

A buyer at a South Carolina auction refuses to pay for an item they won. What options are available?

The auctioneer has no recourse The auctioneer may forfeit the buyer's deposit (if any), re-auction the item, and hold the defaulting buyer liable for any deficiency plus re-auction costs The auctioneer must wait 90 days before taking action The item is automatically given to the second-highest bidder

Correct Answer:

The auctioneer may forfeit the buyer's deposit (if any), re-auction the item, and hold the defaulting buyer liable for any deficiency plus re-auction costs

Access more questions from this quiz

Continue to SC Auctioneer Practice Questions - South Carolina Licensed Auctioneer Exam for more practice questions and the full quiz experience.

Access More Questions