Master NCALB's Advertising Regulations
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Questions and Answers

According to the NCALB's regulations, what is the purpose of the provisions in Section .0602 relating to 'Advertising'?

  • To increase sales
  • To provide guidelines for auctioneer licensure
  • To protect the integrity of the auction process (correct)
  • To promote the auctioneer's business

    • What is the primary reason for some auctioneers violating the NCALB's advertising regulations on internet postings?

  • Lack of appreciation for internet advertising (correct)
  • Lack of understanding of the auction process
  • Lack of familiarity with the regulations
  • Lack of consequences for violating the regulations

    • What is the definition of 'advertise' according to the American Heritage Dictionary?

  • To increase sales
  • To make false claims
  • To promote a product or business
  • To make public announcement (correct)

    • What is the consequence of violating the NCALB's advertising regulations?

    <p>Fines and penalties</p> Signup and view all the answers

    What is the purpose of the statutory prohibition against 'Any false, misleading, or untruthful advertising.'?

    <p>To protect the public from fraudulent advertising</p> Signup and view all the answers

    What is the purpose of Section .0602 in NCALB's regulations?

    <p>To protect the integrity of the auction process through advertising regulations</p> Signup and view all the answers

    What is the main reason for the NCALB Staff noticing numerous violations of advertising regulations on electronic media?

    <p>Auctioneers do not appreciate that internet postings are considered advertising</p> Signup and view all the answers

    What is the statutory prohibition against that is related to advertising regulations?

    <p>Any false, misleading, or untruthful advertising</p> Signup and view all the answers

    What is the purpose of the specific advertising-related regulations in Section .0602?

    <p>To protect the integrity of the auction process</p> Signup and view all the answers

    What is the definition of 'advertise' according to the American Heritage Dictionary?

    <p>To make public announcement, especially to proclaim the qualities or advantages of a product or business so as to increase sales</p> Signup and view all the answers

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