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
  • All of the above (correct)
  • Advertising on Craigslist or EstateSales.net
  • 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 think the regulations apply to them
  • They are not aware that internet postings are considered advertising (correct)
  • They do not have access to the regulations
  • 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 increase sales for auctioneers
  • To make it easier for auctioneers to advertise
  • To encourage false advertising
  • To protect the integrity of the auction process (correct)

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

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

<p>Including the auctioneer's license number (A)</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 as advertising (D)</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 (A)</p> Signup and view all the answers

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

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

What is the purpose of the provisions in Section .0602 of 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 potential consequence of violating NCALB's advertising regulations?

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

Which of the following is NOT a reason why violations of NCALB's advertising regulations are relatively infrequent in print media?

<p>Print media is less commonly used for advertising (A)</p> Signup and view all the answers

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

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

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

<p>Advertising a bankruptcy sale (D)</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 (B)</p> Signup and view all the answers

Which of the following is a potential violation of NCALB's advertising regulations in print media?

<p>Not including the auctioneer's license number (D)</p> Signup and view all the answers

Which of the following is a potential violation of NCALB's advertising regulations in both print and electronic media?

<p>Advertising an absolute auction that does not meet NCALB's regulations (B)</p> Signup and view all the answers

Which of the following is a common violation of NCALB's advertising regulations on internet postings?

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

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

<p>Not considering internet postings as advertising (B)</p> Signup and view all the answers

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

<p>To increase sales (A)</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 (D)</p> Signup and view all the answers

What is the penalty for violating NCALB's advertising regulations?

<p>Suspension or revocation of license (C)</p> Signup and view all the answers

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

<p>Failing to include the auctioneer's license number (C)</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 distinguishes liability for advertising in print and electronic media according to North Carolina Case Law?

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

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

<p>Advertising an absolute auction that does not meet NCALB's regulations (C)</p> Signup and view all the answers

What is the purpose of using specific words in advertising, such as 'estate sale' or 'bankruptcy sale'?

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

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

<p>To regulate auctioneers' advertising practices (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 (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 (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>They do not think internet postings count as advertising (C)</p> Signup and view all the answers

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

<p>The requirement to disclose the auctioneer's license number (C)</p> Signup and view all the answers

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

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

Which of the following is NOT a reason why violations of NCALB's advertising regulations are relatively infrequent in print media?

<p>NCALB does not regulate print media advertising (D)</p> Signup and view all the answers

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

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

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

<p>Not including the auctioneer's license number (B)</p> Signup and view all the answers

What are the provisions in Section .0602 of NCALB's administrative code designed to do?

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

What are North Carolina licensed auctioneers required to comply with regarding advertising?

<p>Section .0602 regarding advertising regulations (B)</p> Signup and view all the answers

What are some of the infractions that the Board Staff has noticed in free or paid 'advertisements' in the electronic media?

<p>Improper absolute auction advertisements (B)</p> Signup and view all the answers

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