NCALB Advertising Regulations for Auctioneers
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Questions and Answers

According to North Carolina Auctioneer Law, which of the following is a violation of advertising regulations?

  • Using the word 'urgent' in an advertisement
  • Advertising on Craigslist or EstateSales.net
  • All of the above (correct)
  • Not including the auctioneer's license number in an advertisement

What is the primary reason that some auctioneers violate NCALB's advertising regulations on internet postings?

  • They do not have access to the regulations
  • They do not think the regulations apply to them
  • They are not aware that internet postings are considered advertising (correct)
  • They do not have a license number

What is the purpose of the extensive provisions in Section .0602 of NCALB's administrative code regarding advertising?

  • To protect the integrity of the auction process (correct)
  • To make it easier for auctioneers to advertise
  • To increase sales for auctioneers
  • To encourage false advertising

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 (B)</p> Signup and view all the answers

What is the statutory prohibition against in North Carolina Auctioneer Law?

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

Which of the following is a common violation of NCALB's advertising regulations on electronic media?

<p>Failure to include the auctioneer's license number (C)</p> Signup and view all the answers

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

<p>Lack of appreciation that internet postings are considered advertising (B)</p> Signup and view all the answers

What is the purpose of Section .0602 in NCALB's administrative code regarding advertising?

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

Which of the following is a specific advertising-related regulation covered in Section .0602 of NCALB's administrative code?

<p>The use of the word 'sale' (B)</p> Signup and view all the answers

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

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

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

<p>Auctioneers may be fined (C)</p> Signup and view all the answers

Which of the following is NOT a specific advertising-related regulation covered in Section .0602 of NCALB's administrative code?

<p>The use of the word 'discount' (B)</p> Signup and view all the answers

What is the significance of the term 'absolute auction' in NCALB's advertising regulations?

<p>It refers to an auction where the highest bidder wins the item (C)</p> Signup and view all the answers

What is the purpose of the statutory prohibition against 'Any false, misleading, or untruthful advertising' in North Carolina Auctioneer Law?

<p>To protect consumers from fraudulent advertising (D)</p> Signup and view all the answers

What is the difference between print and electronic media in liability for advertising according to North Carolina Case Law?

<p>There is no difference (C)</p> Signup and view all the answers

What is the purpose of NCALB's advertising regulations?

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

What is the most common violation of NCALB's advertising regulations in electronic media?

<p>Failure to include the auctioneer's license number (C)</p> Signup and view all the answers

Which of the following is a violation of NCALB's advertising regulations on electronic media?

<p>All of the above (B)</p> Signup and view all the answers

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

<p>Lack of appreciation that internet postings are considered advertising (A)</p> Signup and view all the answers

What is the purpose of the extensive provisions in Section .0602 of NCALB's administrative code regarding advertising?

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

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

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

What is the statutory prohibition against in North Carolina Auctioneer Law?

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

What is a common violation of NCALB's advertising regulations on electronic media?

<p>Not including the auctioneer's name in an advertisement (A)</p> Signup and view all the answers

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

<p>Auctioneers will have to pay a fine (B)</p> Signup and view all the answers

Which of the following is NOT a specific advertising-related regulation covered in Section .0602 of NCALB's administrative code?

<p>'Online auction' (C)</p> Signup and view all the answers

What is the significance of the term 'absolute auction' in NCALB's advertising regulations?

<p>It is a type of auction that must meet specific requirements in order to be advertised as such (D)</p> Signup and view all the answers

What is the purpose of the statutory prohibition against 'Any false, misleading, or untruthful advertising' in North Carolina Auctioneer Law?

<p>To ensure the integrity of the auction process (B)</p> Signup and view all the answers

What is the difference between print and electronic media in liability for advertising according to North Carolina Case Law?

<p>There is no difference in liability (D)</p> Signup and view all the answers

What is the most common violation of NCALB's advertising regulations in electronic media?

<p>Failure to include the auctioneer's license number (D)</p> Signup and view all the answers

What is the definition of 'auctioneer' according to North Carolina Auctioneer Law?

<p>A person who sells goods or services through an auction (B)</p> Signup and view all the answers

What is the purpose of Section .0602 in NCALB's administrative code regarding advertising?

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

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

<p>Auctioneers may be fined (B)</p> Signup and view all the answers

What is the difference between print and electronic media in liability for advertising according to North Carolina Case Law?

<p>There is no difference (C)</p> Signup and view all the answers

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

<p>To make a public announcement (C)</p> Signup and view all the answers

Which of the following is a specific advertising-related regulation covered in Section .0602 of NCALB's administrative code?

<p>Use of the word 'urgent' (D)</p> Signup and view all the answers

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

<p>Lack of appreciation for internet postings (C)</p> Signup and view all the answers

What are the consequences of improper absolute auction advertisements according to the text?

<p>Legal liability for auctioneers (C)</p> Signup and view all the answers

What is the statutory prohibition against in North Carolina Auctioneer Law?

<p>False, misleading, or untruthful advertising (C)</p> Signup and view all the answers

What is the primary reason that most North Carolina licensed auctioneers do not violate NCALB's advertising regulations in newspaper, brochures, radio or television advertising?

<p>Familiarity with Section .0602 (D)</p> Signup and view all the answers

What is the significance of the term 'absolute auction' in NCALB's advertising regulations?

<p>It refers to an auction with no reserves (B)</p> Signup and view all the answers

What are some examples of electronic media where NCALB's advertising regulations are frequently violated according to the text?

<p>EstateSales.net, AuctionZip, Craigslist (D)</p> Signup and view all the answers

What is the purpose of NCALB's advertising regulations according to the text?

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

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