NH Auctioneer Practice Questions - New Hampshire Licensed Auctioneer Exam

What is the 'duty of confidentiality' that an auctioneer owes to the seller?

The auctioneer must keep the auction date secret The auctioneer must not disclose the seller's reserve price, motivation for selling, or other private information The auctioneer must not reveal their commission rate The auctioneer must keep the winning bid amount confidential

Correct Answer:

The auctioneer must not disclose the seller's reserve price, motivation for selling, or other private information

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