Test Your Knowledge of North Carolina Auction Laws
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Questions and Answers

What is the North Carolina Auctioneers Commission responsible for?

  • Providing healthcare services
  • Licensing auctioneers and enforcing regulations (correct)
  • Issuing driver's licenses
  • Managing real estate properties

    • Who can be licensed as an auctioneer in North Carolina?

  • Both of the above
  • Individuals under 18 years of age
  • Individuals without a high school diploma
  • None of the above (correct)

    • What is an absolute auction?

  • An auction where the item is sold to the bidder closest to the reserve price
  • An auction where the item is sold to the lowest bidder
  • An auction where the item is sold to the bidder with the highest reserve price
  • An auction where the item is sold to the highest bidder without reserve or minimum bid (correct)

    • What is an estate sale?

    <p>A sale of real or personal property of a specified person</p> Signup and view all the answers

    What is required for an individual to become a licensed auctioneer in North Carolina?

    <p>Pass an exam approved by the Commission</p> Signup and view all the answers

    What is the Auctioneer Recovery Fund used for?

    <p>Underwriting educational seminars and research projects related to the auctioneer profession in North Carolina</p> Signup and view all the answers

    What is an auction firm?

    <p>Both of the above</p> Signup and view all the answers

    What is required for an individual to be exempt from serving as an apprentice auctioneer in North Carolina?

    <p>80 hours of classroom instruction in auctioneering at an approved institution</p> Signup and view all the answers

    What is the purpose of the criminal history record check for licensure as an auctioneer in North Carolina?

    <p>To determine whether the applicant has a criminal history</p> Signup and view all the answers

    What is an apprentice auctioneer in North Carolina?

    <p>An auctioneer who is in the process of obtaining a license and has a licensed auctioneer supervisor</p> Signup and view all the answers

    What is the Auctioneer Recovery Fund in North Carolina used for?

    <p>To maintain at least $200,000 and can be used for educational purposes related to the auctioneer profession</p> Signup and view all the answers

    What is the definition of an estate sale in North Carolina?

    <p>The liquidation by sale at auction of real or personal property of a specified person</p> Signup and view all the answers

    Who is responsible for licensing auctioneers in North Carolina?

    <p>The North Carolina Auctioneers Commission</p> Signup and view all the answers

    What is the definition of an auction firm in North Carolina?

    <p>A corporation that sells real or personal property at auction or arranges, sponsors, manages, conducts, or advertises auctions</p> Signup and view all the answers

    What is required for an individual to be exempt from serving as an apprentice auctioneer in North Carolina?

    <p>Completion of 80 hours of classroom instruction in auctioneering</p> Signup and view all the answers

    What is the purpose of the criminal history record check for licensure as an auctioneer in North Carolina?

    <p>To determine whether the applicant has a criminal history that would disqualify them from licensure</p> Signup and view all the answers

    What is an absolute auction in North Carolina?

    <p>A sale of real or personal property at auction in which the item offered for auction is sold to the highest bidder without reserve, without the requirement of any minimum bid, and without competing bids of any type by the owner or agent of the owner</p> Signup and view all the answers

    What is required for an individual to become a licensed auctioneer in North Carolina?

    <p>Holding an apprentice auctioneer license for two years and passing an exam approved by the Commission</p> Signup and view all the answers

    What is the Auctioneer Recovery Fund in North Carolina?

    <p>A fund used to maintain at least $200,000 and can be used for educational purposes related to the auctioneer profession</p> Signup and view all the answers

    What is required for an auction firm to be licensed in North Carolina?

    <p>Submitting a written application and paying applicable fees</p> Signup and view all the answers

    What is the North Carolina Auctioneers Commission's power regarding licenses?

    <p>The power to issue licenses, deny, suspend, or revoke licenses, and issue declaratory rulings</p> Signup and view all the answers

    Who is defined as an auctioneer in North Carolina?

    <p>Any person who conducts or offers to conduct auctions</p> Signup and view all the answers

    What is the North Carolina Auctioneers Commission responsible for?

    <p>Licensing auctioneers and enforcing regulations</p> Signup and view all the answers

    What is required for an individual to become a licensed auctioneer in North Carolina?

    <p>Hold an apprentice auctioneer license for two years, accumulate sufficient knowledge and experience, and pass an exam approved by the Commission</p> Signup and view all the answers

    Who must undergo a criminal history record check for licensure as an auctioneer in North Carolina?

    <p>Applicants for licensure as an auctioneer, apprentice auctioneer, or auction firm</p> Signup and view all the answers

    What is an absolute auction?

    <p>A sale of real or personal property at auction in which the item offered for auction is sold to the highest bidder without reserve, without the requirement of any minimum bid, and without competing bids of any type by the owner or agent of the owner</p> Signup and view all the answers

    What is an estate sale?

    <p>The liquidation by sale at auction of real or personal property of a specified person</p> Signup and view all the answers

    Who is required to have a license for selling or offering to sell goods or real estate at auction in North Carolina?

    <p>Anyone, unless exempted under Chapter 85B</p> Signup and view all the answers

    What is required for an individual to be exempt from serving as an apprentice auctioneer in North Carolina?

    <p>Completion of 80 hours of classroom instruction in auctioneering at an approved institution</p> Signup and view all the answers

    What is an auction firm?

    <p>Sole proprietorships, partnerships, associations, or corporations that sell real or personal property at auction or arrange, sponsor, manage, conduct, or advertise auctions</p> Signup and view all the answers

    What is the purpose of the Auctioneer Recovery Fund?

    <p>To maintain at least $200,000 and be used for educational purposes related to the auctioneer profession</p> Signup and view all the answers

    What is required for an individual to obtain an apprentice auctioneer license in North Carolina?

    <p>Submit a written application and provide at least two statements from community residents attesting to their good moral character</p> Signup and view all the answers

    What is the maximum number of continuing education courses that the Commission may require licensees to complete annually?

    <p>Six</p> Signup and view all the answers

    What is the minimum age requirement for an individual to be licensed as an auctioneer in North Carolina?

    <p>18 years old</p> Signup and view all the answers

    What is an auctioneer according to Chapter 85B in North Carolina?

    <p>Any person who conducts auctions</p> Signup and view all the answers

    What is an estate sale in North Carolina?

    <p>A sale of personal or real property of a specified person</p> Signup and view all the answers

    What is the Auctioneer Recovery Fund used for in North Carolina?

    <p>To compensate individuals who suffer financial harm due to an auctioneer's misconduct</p> Signup and view all the answers

    What is required for an individual to become a licensed auctioneer in North Carolina?

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

    What is the definition of an auction firm in North Carolina?

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

    What is the purpose of the criminal history record check for licensure as an auctioneer in North Carolina?

    <p>To deny licensure based on criminal history</p> Signup and view all the answers

    What is an apprentice auctioneer in North Carolina?

    <p>An individual who is learning to conduct auctions under the supervision of a licensed auctioneer</p> Signup and view all the answers

    What is the role of the North Carolina Auctioneers Commission?

    <p>To license auctioneers and enforce regulations</p> Signup and view all the answers

    What is required for an individual to be exempt from serving as an apprentice auctioneer in North Carolina?

    <p>80 hours of classroom instruction</p> Signup and view all the answers

    What is the definition of an absolute auction in North Carolina?

    <p>A sale of real or personal property at auction in which the item offered for auction is sold to the highest bidder without reserve</p> Signup and view all the answers

    What is the Auctioneer Recovery Fund in North Carolina?

    <p>A fund used to compensate individuals who suffer financial harm due to an auctioneer's misconduct</p> Signup and view all the answers

    What type of auctions are exempt from licensing requirements in North Carolina?

    <p>Only estate sales are exempt</p> Signup and view all the answers

    What is the minimum age requirement for obtaining an auctioneer license in North Carolina?

    <p>18 years old</p> Signup and view all the answers

    Who is responsible for licensing auctioneers in North Carolina?

    <p>The North Carolina Auctioneers Commission</p> Signup and view all the answers

    What is the Auctioneer Recovery Fund used for in North Carolina?

    <p>To provide financial assistance to auctioneers</p> Signup and view all the answers

    What is an apprentice auctioneer in North Carolina?

    <p>An individual who is learning the auctioneer profession under the supervision of a licensed auctioneer</p> Signup and view all the answers

    What is required for an individual to become a licensed auctioneer in North Carolina?

    <p>Completion of 80 hours of classroom instruction</p> Signup and view all the answers

    What is an auction firm in North Carolina?

    <p>A company that arranges, sponsors, manages, conducts, or advertises auctions</p> Signup and view all the answers

    What is the purpose of the criminal history record check for licensure as an auctioneer in North Carolina?

    <p>To determine if the applicant has a criminal record</p> Signup and view all the answers

    What is the definition of an absolute auction in North Carolina?

    <p>An auction in which the item offered for auction is sold to the highest bidder without reserve, without the requirement of any minimum bid, and without competing bids of any type by the owner or agent of the owner</p> Signup and view all the answers

    What is required for an individual to be exempt from serving as an apprentice auctioneer in North Carolina?

    <p>Completion of 80 hours of classroom instruction</p> Signup and view all the answers

    What is the maximum number of hours of continuing education courses that licensees may be required to complete annually in North Carolina?

    <p>6 hours</p> Signup and view all the answers

    What is the definition of an estate sale in North Carolina?

    <p>The liquidation by sale at auction of real or personal property of a specified person</p> Signup and view all the answers

    What is an auctioneer according to Chapter 85B in North Carolina?

    <p>Any person who conducts or offers to conduct auctions</p> Signup and view all the answers

    Who is responsible for licensing auctioneers in North Carolina?

    <p>The North Carolina Auctioneers Commission</p> Signup and view all the answers

    Who is eligible to be licensed as an auctioneer in North Carolina?

    <p>Individuals with a high school diploma who are at least 18 years old</p> Signup and view all the answers

    What is the definition of an absolute auction in North Carolina?

    <p>A sale of real or personal property at auction in which the item offered for auction is sold to the highest bidder without reserve, without the requirement of any minimum bid, and without competing bids of any type by the owner or agent of the owner</p> Signup and view all the answers

    What is required for an individual to become a licensed auctioneer in North Carolina?

    <p>Hold an apprentice auctioneer license for two years, accumulate sufficient knowledge and experience, and pass an exam approved by the Commission</p> Signup and view all the answers

    What is an estate sale in North Carolina?

    <p>The liquidation by sale at auction of real or personal property of a specified person</p> Signup and view all the answers

    What is an auction firm in North Carolina?

    <p>Sole proprietorships, partnerships, associations, or corporations that sell real or personal property at auction or arrange, sponsor, manage, conduct, or advertise auctions</p> Signup and view all the answers

    What is the purpose of the criminal history record check for licensure as an auctioneer in North Carolina?

    <p>To determine whether an applicant has a criminal history that would disqualify them from licensure</p> Signup and view all the answers

    What is required for an individual to be exempt from serving as an apprentice auctioneer in North Carolina?

    <p>Completion of 80 hours of classroom instruction in auctioneering at an approved institution</p> Signup and view all the answers

    What is the Auctioneer Recovery Fund used for in North Carolina?

    <p>To provide financial restitution to consumers who suffer losses due to the actions of licensed auctioneers or auction firms</p> Signup and view all the answers

    What is required for an apprentice auctioneer license in North Carolina?

    <p>Submission of a written application and at least two statements from community residents attesting to their good moral character</p> Signup and view all the answers

    What is the maximum number of continuing education courses that licensees in North Carolina may be required to complete annually?

    <p>Six hours</p> Signup and view all the answers

    What is the minimum age requirement to be licensed as an auctioneer in North Carolina?

    <p>18 years old</p> Signup and view all the answers

    What is an apprentice auctioneer in North Carolina?

    <p>An individual who is learning the trade of auctioneering under the supervision of a licensed auctioneer</p> Signup and view all the answers

    What is required for an individual to become a licensed auctioneer in North Carolina?

    <p>Pass an exam approved by the Commission</p> Signup and view all the answers

    What is an estate sale in North Carolina?

    <p>The liquidation by sale at auction of real or personal property of a specified person</p> Signup and view all the answers

    What is the Auctioneer Recovery Fund used for in North Carolina?

    <p>To underwrite educational seminars, training centers, and research projects related to the auctioneer profession in North Carolina</p> Signup and view all the answers

    What is an auction firm in North Carolina?

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

    What is an absolute auction in North Carolina?

    <p>A sale of real or personal property at auction in which the item offered for auction is sold to the highest bidder without reserve</p> Signup and view all the answers

    What is required for an individual to be exempt from serving as an apprentice auctioneer in North Carolina?

    <p>Completion of 80 hours of classroom instruction in auctioneering at an approved institution</p> Signup and view all the answers

    What is the purpose of the criminal history record check for licensure as an auctioneer in North Carolina?

    <p>To ensure that the applicant has not committed any crimes that would disqualify them from licensure</p> Signup and view all the answers

    What is the North Carolina Auctioneers Commission responsible for?

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

    What is required for an apprentice auctioneer to become a licensed auctioneer in North Carolina?

    <p>Accumulate sufficient knowledge and experience</p> Signup and view all the answers

    What is the Auctioneer Recovery Fund in North Carolina used for?

    <p>To underwrite educational seminars, training centers, and research projects related to the auctioneer profession in North Carolina</p> Signup and view all the answers

    Study Notes

    North Carolina Auction Laws

    • Chapter 85B defines auction and auctioneer and provides exemptions for certain types of auctions.

    • An auctioneer is defined as any person who conducts or offers to conduct auctions and may include apprentice auctioneers.

    • The North Carolina Auctioneers Commission is a five-member commission responsible for licensing auctioneers and enforcing regulations.

    • The Commission has the power to issue licenses, deny, suspend, or revoke licenses, and issue declaratory rulings.

    • The Commission may assess civil penalties for violations and has the power to acquire, hold, rent, encumber, alienate, and otherwise deal with real property.

    • Applicants for licensure as an auctioneer, apprentice auctioneer, or auction firm must undergo a criminal history record check.

    • The Commission may deny licensure based on criminal history but must consider certain factors before making a decision.

    • Licenses are required for anyone selling or offering to sell goods or real estate at auction in the state unless exempted under Chapter 85B.

    • Auction firms are defined as sole proprietorships, partnerships, associations, or corporations that sell real or personal property at auction or arrange, sponsor, manage, conduct, or advertise auctions.

    • The definition of owner includes the bona fide owner of the property being offered for sale, a general partner in a partnership that owns the property, or an officer or director or employee of a corporation that owns the property.

    • An absolute auction is a sale of real or personal property at auction in which the item offered for auction is sold to the highest bidder without reserve, without the requirement of any minimum bid, and without competing bids of any type by the owner or agent of the owner.

    • An estate sale is the liquidation by sale at auction of real or personal property of a specified person.Licensing and regulation of auctioneers in North Carolina

    • Individuals under 18 years of age or without a high school diploma cannot be licensed as auctioneers in North Carolina, unless licensed prior to July 1, 1999.

    • Applicants for an apprentice auctioneer license must submit a written application and provide at least two statements from community residents attesting to their good moral character.

    • Apprentice auctioneers must have a licensed auctioneer supervisor who approves all auction contracts and regularly reviews apprentice records.

    • To become a licensed auctioneer, individuals must hold an apprentice auctioneer license for two years, accumulate sufficient knowledge and experience, and pass an exam approved by the Commission.

    • Completion of 80 hours of classroom instruction in auctioneering at an approved institution exempts individuals from serving as an apprentice, but they must still pass the exam.

    • Applicants for an auctioneer license must submit a written application, pay applicable fees, and provide at least two statements from community residents attesting to their good moral character.

    • Auction firms must also be licensed and make contributions to the Auctioneer Recovery Fund.

    • The Commission may require licensees to complete up to six hours of continuing education courses annually.

    • The Commission may investigate the ethical background of any applicant for licensure.

    • The Auctioneer Recovery Fund must maintain at least $200,000 and can be used for educational purposes related to the auctioneer profession.

    • The Fund may be invested in interest-bearing accounts, and any interest accrued is added to the Fund.

    • The Fund may also be used to underwrite educational seminars, training centers, and research projects related to the auctioneer profession in North Carolina.

    North Carolina Auction Laws

    • Chapter 85B defines auction and auctioneer and provides exemptions for certain types of auctions.

    • An auctioneer is defined as any person who conducts or offers to conduct auctions and may include apprentice auctioneers.

    • The North Carolina Auctioneers Commission is a five-member commission responsible for licensing auctioneers and enforcing regulations.

    • The Commission has the power to issue licenses, deny, suspend, or revoke licenses, and issue declaratory rulings.

    • The Commission may assess civil penalties for violations and has the power to acquire, hold, rent, encumber, alienate, and otherwise deal with real property.

    • Applicants for licensure as an auctioneer, apprentice auctioneer, or auction firm must undergo a criminal history record check.

    • The Commission may deny licensure based on criminal history but must consider certain factors before making a decision.

    • Licenses are required for anyone selling or offering to sell goods or real estate at auction in the state unless exempted under Chapter 85B.

    • Auction firms are defined as sole proprietorships, partnerships, associations, or corporations that sell real or personal property at auction or arrange, sponsor, manage, conduct, or advertise auctions.

    • The definition of owner includes the bona fide owner of the property being offered for sale, a general partner in a partnership that owns the property, or an officer or director or employee of a corporation that owns the property.

    • An absolute auction is a sale of real or personal property at auction in which the item offered for auction is sold to the highest bidder without reserve, without the requirement of any minimum bid, and without competing bids of any type by the owner or agent of the owner.

    • An estate sale is the liquidation by sale at auction of real or personal property of a specified person.Licensing and regulation of auctioneers in North Carolina

    • Individuals under 18 years of age or without a high school diploma cannot be licensed as auctioneers in North Carolina, unless licensed prior to July 1, 1999.

    • Applicants for an apprentice auctioneer license must submit a written application and provide at least two statements from community residents attesting to their good moral character.

    • Apprentice auctioneers must have a licensed auctioneer supervisor who approves all auction contracts and regularly reviews apprentice records.

    • To become a licensed auctioneer, individuals must hold an apprentice auctioneer license for two years, accumulate sufficient knowledge and experience, and pass an exam approved by the Commission.

    • Completion of 80 hours of classroom instruction in auctioneering at an approved institution exempts individuals from serving as an apprentice, but they must still pass the exam.

    • Applicants for an auctioneer license must submit a written application, pay applicable fees, and provide at least two statements from community residents attesting to their good moral character.

    • Auction firms must also be licensed and make contributions to the Auctioneer Recovery Fund.

    • The Commission may require licensees to complete up to six hours of continuing education courses annually.

    • The Commission may investigate the ethical background of any applicant for licensure.

    • The Auctioneer Recovery Fund must maintain at least $200,000 and can be used for educational purposes related to the auctioneer profession.

    • The Fund may be invested in interest-bearing accounts, and any interest accrued is added to the Fund.

    • The Fund may also be used to underwrite educational seminars, training centers, and research projects related to the auctioneer profession in North Carolina.

    North Carolina Auction Laws

    • Chapter 85B defines auction and auctioneer and provides exemptions for certain types of auctions.

    • An auctioneer is defined as any person who conducts or offers to conduct auctions and may include apprentice auctioneers.

    • The North Carolina Auctioneers Commission is a five-member commission responsible for licensing auctioneers and enforcing regulations.

    • The Commission has the power to issue licenses, deny, suspend, or revoke licenses, and issue declaratory rulings.

    • The Commission may assess civil penalties for violations and has the power to acquire, hold, rent, encumber, alienate, and otherwise deal with real property.

    • Applicants for licensure as an auctioneer, apprentice auctioneer, or auction firm must undergo a criminal history record check.

    • The Commission may deny licensure based on criminal history but must consider certain factors before making a decision.

    • Licenses are required for anyone selling or offering to sell goods or real estate at auction in the state unless exempted under Chapter 85B.

    • Auction firms are defined as sole proprietorships, partnerships, associations, or corporations that sell real or personal property at auction or arrange, sponsor, manage, conduct, or advertise auctions.

    • The definition of owner includes the bona fide owner of the property being offered for sale, a general partner in a partnership that owns the property, or an officer or director or employee of a corporation that owns the property.

    • An absolute auction is a sale of real or personal property at auction in which the item offered for auction is sold to the highest bidder without reserve, without the requirement of any minimum bid, and without competing bids of any type by the owner or agent of the owner.

    • An estate sale is the liquidation by sale at auction of real or personal property of a specified person.Licensing and regulation of auctioneers in North Carolina

    • Individuals under 18 years of age or without a high school diploma cannot be licensed as auctioneers in North Carolina, unless licensed prior to July 1, 1999.

    • Applicants for an apprentice auctioneer license must submit a written application and provide at least two statements from community residents attesting to their good moral character.

    • Apprentice auctioneers must have a licensed auctioneer supervisor who approves all auction contracts and regularly reviews apprentice records.

    • To become a licensed auctioneer, individuals must hold an apprentice auctioneer license for two years, accumulate sufficient knowledge and experience, and pass an exam approved by the Commission.

    • Completion of 80 hours of classroom instruction in auctioneering at an approved institution exempts individuals from serving as an apprentice, but they must still pass the exam.

    • Applicants for an auctioneer license must submit a written application, pay applicable fees, and provide at least two statements from community residents attesting to their good moral character.

    • Auction firms must also be licensed and make contributions to the Auctioneer Recovery Fund.

    • The Commission may require licensees to complete up to six hours of continuing education courses annually.

    • The Commission may investigate the ethical background of any applicant for licensure.

    • The Auctioneer Recovery Fund must maintain at least $200,000 and can be used for educational purposes related to the auctioneer profession.

    • The Fund may be invested in interest-bearing accounts, and any interest accrued is added to the Fund.

    • The Fund may also be used to underwrite educational seminars, training centers, and research projects related to the auctioneer profession in North Carolina.

    North Carolina Auction Laws

    • Chapter 85B defines auction and auctioneer and provides exemptions for certain types of auctions.

    • An auctioneer is defined as any person who conducts or offers to conduct auctions and may include apprentice auctioneers.

    • The North Carolina Auctioneers Commission is a five-member commission responsible for licensing auctioneers and enforcing regulations.

    • The Commission has the power to issue licenses, deny, suspend, or revoke licenses, and issue declaratory rulings.

    • The Commission may assess civil penalties for violations and has the power to acquire, hold, rent, encumber, alienate, and otherwise deal with real property.

    • Applicants for licensure as an auctioneer, apprentice auctioneer, or auction firm must undergo a criminal history record check.

    • The Commission may deny licensure based on criminal history but must consider certain factors before making a decision.

    • Licenses are required for anyone selling or offering to sell goods or real estate at auction in the state unless exempted under Chapter 85B.

    • Auction firms are defined as sole proprietorships, partnerships, associations, or corporations that sell real or personal property at auction or arrange, sponsor, manage, conduct, or advertise auctions.

    • The definition of owner includes the bona fide owner of the property being offered for sale, a general partner in a partnership that owns the property, or an officer or director or employee of a corporation that owns the property.

    • An absolute auction is a sale of real or personal property at auction in which the item offered for auction is sold to the highest bidder without reserve, without the requirement of any minimum bid, and without competing bids of any type by the owner or agent of the owner.

    • An estate sale is the liquidation by sale at auction of real or personal property of a specified person.Licensing and regulation of auctioneers in North Carolina

    • Individuals under 18 years of age or without a high school diploma cannot be licensed as auctioneers in North Carolina, unless licensed prior to July 1, 1999.

    • Applicants for an apprentice auctioneer license must submit a written application and provide at least two statements from community residents attesting to their good moral character.

    • Apprentice auctioneers must have a licensed auctioneer supervisor who approves all auction contracts and regularly reviews apprentice records.

    • To become a licensed auctioneer, individuals must hold an apprentice auctioneer license for two years, accumulate sufficient knowledge and experience, and pass an exam approved by the Commission.

    • Completion of 80 hours of classroom instruction in auctioneering at an approved institution exempts individuals from serving as an apprentice, but they must still pass the exam.

    • Applicants for an auctioneer license must submit a written application, pay applicable fees, and provide at least two statements from community residents attesting to their good moral character.

    • Auction firms must also be licensed and make contributions to the Auctioneer Recovery Fund.

    • The Commission may require licensees to complete up to six hours of continuing education courses annually.

    • The Commission may investigate the ethical background of any applicant for licensure.

    • The Auctioneer Recovery Fund must maintain at least $200,000 and can be used for educational purposes related to the auctioneer profession.

    • The Fund may be invested in interest-bearing accounts, and any interest accrued is added to the Fund.

    • The Fund may also be used to underwrite educational seminars, training centers, and research projects related to the auctioneer profession in North Carolina.

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    Description

    Test your knowledge of North Carolina auction laws with this informative quiz. From the definition of auctioneer to the requirements for licensure, this quiz covers all the important details. See if you can identify exemptions for certain types of auctions and understand the powers of the North Carolina Auctioneers Commission. Perfect for anyone interested in the auction profession in North Carolina or looking to brush up on their knowledge of auction laws.

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