SC Auctioneer Practice Questions - South Carolina Licensed Auctioneer Exam

What is 'phantom bidding' and why is it unethical?

Bidding from a phone, which is perfectly acceptable Fabricating nonexistent bids to create the illusion of competitive bidding, which is unethical because it deceives actual bidders into paying more than market value Bidding anonymously, which is standard practice Bidding on items you cannot afford

Correct Answer:

Fabricating nonexistent bids to create the illusion of competitive bidding, which is unethical because it deceives actual bidders into paying more than market value

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