PA Auctioneer Practice Questions - Pennsylvania Licensed Auctioneer Exam

What is 'shill bidding' as prohibited under Pennsylvania auctioneer regulations?

Allowing telephone bids at a live auction Having a person bid solely to artificially inflate the price without intent to purchase Accepting sealed bids before the auction begins Offering a buyer's premium on top of the hammer price

Correct Answer:

Having a person bid solely to artificially inflate the price without intent to purchase

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