WI Auctioneer Practice Questions - Wisconsin Licensed Auctioneer Exam

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Under Wisconsin law, if the seller's agent bids at an auction without notice that the seller reserves the right to bid, the buyer may:

Only demand a refund of the buyer's premium Avoid the sale or take the goods at the price of the last good-faith bid prior to the shill bid Sue the auctioneer for treble damages File a complaint with the federal government

Correct Answer:

Avoid the sale or take the goods at the price of the last good-faith bid prior to the shill bid

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