AL Auctioneer Practice Questions - Alabama Licensed Auctioneer Exam

Which of the following actions by an Alabama auctioneer would constitute an ethics violation?

Accepting undisclosed compensation from both the buyer and the seller in the same transaction Charging a buyer's premium that is disclosed in the terms of sale Declining to auction an item the auctioneer believes is overvalued Recommending a reserve price to the seller

Correct Answer:

Accepting undisclosed compensation from both the buyer and the seller in the same transaction

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