WI Auctioneer Practice Questions - Wisconsin Licensed Auctioneer Exam

Under Wisconsin law, when a buyer defaults on an auction purchase, the auctioneer may:

Automatically award the item to the second-highest bidder Re-offer the item and hold the defaulting buyer liable for any deficiency Seize the buyer's personal property as collateral File criminal charges for theft

Correct Answer:

Re-offer the item and hold the defaulting buyer liable for any deficiency

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