MA Auctioneer Practice Questions - Massachusetts Licensed Auctioneer Exam

How does an agency relationship between an auctioneer and seller typically terminate?

Only by court order By completion of the auction, mutual agreement, revocation by the principal, or expiration of the contract term An agency relationship can never be terminated Only when the auctioneer's license expires

Correct Answer:

By completion of the auction, mutual agreement, revocation by the principal, or expiration of the contract term

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