TN Auctioneer Practice Questions - Tennessee Licensed Auctioneer Exam

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An auctioneer in Tennessee inadvertently sells an item to the wrong bidder due to a clerical error. What is the proper course of action?

The sale stands and nothing can be done The auctioneer should immediately correct the error, notify both parties, and resolve the dispute fairly The auctioneer should pretend the error did not occur The losing bidder should file a police report

Correct Answer:

The auctioneer should immediately correct the error, notify both parties, and resolve the dispute fairly

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