21 NCAC .03 Examinations
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Questions and Answers

What score must an applicant achieve to pass the auctioneer examination?

  • 85 percent
  • 80 percent
  • 70 percent
  • 75 percent (correct)
  • What happens if an applicant fails to appear for the scheduled examination?

  • The application fee is refunded.
  • The applicant may apply for a different license.
  • The applicant is removed from the licensing process.
  • The applicant is re-scheduled for the next examination. (correct)
  • Which of the following subjects is included in the auctioneer license examination?

  • Negotiation strategies
  • Business marketing principles
  • Real estate valuation techniques
  • Conduct of auctions (correct)
  • What must an applicant provide if they wish to reapply after failing the examination twice?

    <p>A new application and appropriate fees</p> Signup and view all the answers

    What is the condition under which examination papers may be divulged?

    <p>With express written authorization of the Board</p> Signup and view all the answers

    Study Notes

    Auctioneer License Examination

    • Covers knowledge of the auction business including conduct of auctions and auctioneering ethics
    • Includes the rules outlined in this Subchapter

    Auction Firm License Examination

    • The applicant must demonstrate knowledge of the licensing law
    • Must be familiar with the rules outlined in this Subchapter

    Re-examination and Fees

    • Applicants who miss their scheduled examination or fail will be rescheduled
    • If the applicant fails a second time, the Board will issue a refund for the licensure fee but not the application or examination fee
    • To reapply, a new application and appropriate fees must be submitted

    Examination Review

    • Applicants scoring below 75% on an examination can request a review with the Board staff
    • Examination papers remain the property of the Board
    • The contents of the examination are confidential, except by express written authorization from the Board

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    Description

    This quiz provides an overview of the Auctioneer License Examination, covering essential aspects such as auction business knowledge, ethics, and the rules set forth in the corresponding Subchapters. Additionally, it includes information about re-examinations, fees, and the process for reviewing examination results. Prepare to navigate the licensing landscape with confidence.

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