AL Auctioneer Practice Questions - Alabama Licensed Auctioneer Exam

What is the difference between an 'auctioneer' and an 'auction company' under Alabama regulations?

An auctioneer is an individually licensed person who calls bids; an auction company is a business entity that may employ licensed auctioneers There is no legal distinction between the two in Alabama An auction company does not need any licensed auctioneers on staff An auctioneer conducts only online auctions while an auction company conducts only live auctions

Correct Answer:

An auctioneer is an individually licensed person who calls bids; an auction company is a business entity that may employ licensed auctioneers

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