NH Auctioneer Practice Questions - New Hampshire Licensed Auctioneer Exam

Which of the following best describes the auctioneer's role in a principal-agent relationship?

The auctioneer is the principal and the seller is the agent The auctioneer is an independent contractor with no fiduciary duties The auctioneer is the agent acting on behalf of the seller (principal) The auctioneer acts solely on behalf of the buyer

Correct Answer:

The auctioneer is the agent acting on behalf of the seller (principal)

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