NH Auctioneer Practice Questions - New Hampshire Licensed Auctioneer Exam

In New Hampshire, which of the following actions by an auctioneer constitutes a breach of fiduciary duty?

Recommending a minimum bid to the seller Using the seller's funds from the trust account for personal expenses Advertising the auction in a local newspaper Hiring additional staff for a large auction

Correct Answer:

Using the seller's funds from the trust account for personal expenses

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