TN Auctioneer Practice Questions - Tennessee Licensed Auctioneer Exam

Under Tennessee law, what is 'shill bidding'?

A legitimate technique to start the bidding at an appropriate level The practice of having someone bid on behalf of the seller to artificially inflate the price without disclosure Bidding by an auctioneer on items they personally own Any bid placed by phone or online

Correct Answer:

The practice of having someone bid on behalf of the seller to artificially inflate the price without disclosure

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