NH Auctioneer Practice Questions - New Hampshire Licensed Auctioneer Exam

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A NH auctioneer receives a consignment of 50 items. Before the auction, the seller withdraws 10 items. The auctioneer should:

Refuse to return the items since they were consigned Return the items and update the auction catalog Charge the seller a cancellation fee equal to the estimated commission on those items Report the seller to the NH Board

Correct Answer:

Return the items and update the auction catalog

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