NH Auctioneer Practice Questions - New Hampshire Licensed Auctioneer Exam

Which of the following is an example of 'bid incrementing' at an auction?

A bidder placing two bids in succession The auctioneer raising the bid by $50 from $500 to $550 Accepting a bid after the hammer has fallen Reducing the opening bid price

Correct Answer:

The auctioneer raising the bid by $50 from $500 to $550

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