SC Auctioneer Practice Questions - South Carolina Licensed Auctioneer Exam

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Under the South Carolina Auctioneers' Commission regulations, how must an auctioneer handle disputes between bidders during an auction?

Always award the item to the bidder who paid the most in previous auctions The auctioneer exercises professional discretion to resolve the dispute fairly, which may include reopening bidding on the disputed item Cancel the auction entirely Let the bidders resolve the dispute themselves

Correct Answer:

The auctioneer exercises professional discretion to resolve the dispute fairly, which may include reopening bidding on the disputed item

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