TN Auctioneer Practice Questions - Tennessee Licensed Auctioneer Exam

Under Tennessee law, what happens if two bidders tie with the same bid amount at the same time?

The item automatically goes to the first bidder registered The auctioneer has discretion to reopen bidding between the tied bidders or determine the winner based on the auction terms The item is withdrawn from sale The seller decides the winner

Correct Answer:

The auctioneer has discretion to reopen bidding between the tied bidders or determine the winner based on the auction terms

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