MA Auctioneer Practice Questions - Massachusetts Licensed Auctioneer Exam

In Massachusetts, what must an auctioneer do if the high bid does not meet the reserve price?

The auctioneer must sell the item at the high bid The auctioneer may withdraw the item without completing the sale The auctioneer must lower the reserve to match the high bid The auctioneer must hold a second auction within 30 days

Correct Answer:

The auctioneer may withdraw the item without completing the sale

Access more questions from this quiz

Continue to MA Auctioneer Practice Questions - Massachusetts Licensed Auctioneer Exam for more practice questions and the full quiz experience.

Access More Questions