MA Auctioneer Practice Questions - Massachusetts Licensed Auctioneer Exam

What is 'dual agency' and why is it problematic in auctions?

When two auctioneers work the same sale When an auctioneer represents both the buyer and seller in the same transaction, creating a conflict of interest When an auction is conducted in two locations simultaneously When an auctioneer holds licenses in two states

Correct Answer:

When an auctioneer represents both the buyer and seller in the same transaction, creating a conflict of interest

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