AL Auctioneer Practice Questions - Alabama Licensed Auctioneer Exam

What is a 'disbursement' in the context of an auctioneer's trust account?

The release of funds from the trust account to the appropriate parties after the auction The initial deposit of funds into the trust account The auctioneer's personal withdrawal from the trust account A penalty fee charged by the bank on the trust account

Correct Answer:

The release of funds from the trust account to the appropriate parties after the auction

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