AL Auctioneer Practice Questions - Alabama Licensed Auctioneer Exam

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An Alabama auctioneer discovers that consigned property may have been stolen. What is the auctioneer's ethical obligation?

Refuse to sell the property and report the situation to the appropriate authorities Sell the property and note concerns on the receipt Return the property to the consignor without further action Sell the property and donate the proceeds to charity

Correct Answer:

Refuse to sell the property and report the situation to the appropriate authorities

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