AARE Practice Questions - Accredited Auctioneer Of Real Estate (NAA AARE) Exam

In a real estate auction, the term 'absolute auction' means:

The property sells to the highest bidder regardless of price, with no minimum or seller's reserve The property sells only if a minimum bid is reached The auction is held without a license The seller may withdraw the property at any time

Correct Answer:

The property sells to the highest bidder regardless of price, with no minimum or seller's reserve

Access more questions from this quiz

Continue to AARE Practice Questions - Accredited Auctioneer of Real Estate (NAA AARE) Exam for more practice questions and the full quiz experience.

Access More Questions