AL Auctioneer Practice Questions - Alabama Licensed Auctioneer Exam

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An auctioneer is conducting a personal property auction in Alabama. A bidder asks whether an antique table has been repaired. The auctioneer knows it was repaired but says nothing. This is an example of:

Failure to disclose a material fact, which is an ethics violation Smart negotiation tactics by the auctioneer An acceptable 'as-is' sale practice The buyer's responsibility under caveat emptor

Correct Answer:

Failure to disclose a material fact, which is an ethics violation

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