SC Auctioneer Practice Questions - South Carolina Licensed Auctioneer Exam

What is the ethical principle of 'honesty and fair dealing' as applied to South Carolina auctioneers?

It only applies to the buyer-auctioneer relationship A duty to conduct all auction transactions with honesty, transparency, and fairness to all parties including sellers, buyers, and the public It means the auctioneer should always get the highest commission possible It is a suggestion, not a requirement

Correct Answer:

A duty to conduct all auction transactions with honesty, transparency, and fairness to all parties including sellers, buyers, and the public

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