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Illinois Auctioneer License Exam
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Book Synopsis Illinois Auctioneer License Exam by : Examreview
Download or read book Illinois Auctioneer License Exam written by Examreview and published by Createspace Independent Publishing Platform. This book was released on 2016-01-26 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Illinois it is the Division of Professional Regulation DPR and the Auction Advisory Board that administer auctioneer licensing. according to the Auction License Act [225 ILCS 407/5-10] an auction license is necessary if a person or entity who, for another, for a fee, compensation, commission, or any other valuable consideration at auction or with the intention or expectation of receiving valuable consideration by the means of or process of an auction or sale at auction or providing an auction service, offers, negotiates, or attempts to negotiate an auction contract, sale, purchase, or exchange of goods, chattels, merchandise, personal property, real property, or any commodity that may be lawfully kept or offered for sale by or at auction. An auctioneer may be self-sponsored or may be sponsored by another licensed auctioneer or auction firm. However, he/she must be at least 18 year of age, have attained a high school diploma or equivalent, and have personally passed an examination in order to earn the license.
Book Synopsis Illinois AUCTIONEER LICENSE EXAM ExamFOCUS Study Notes and Review Questions 2014 by : ExamREVIEW
Download or read book Illinois AUCTIONEER LICENSE EXAM ExamFOCUS Study Notes and Review Questions 2014 written by ExamREVIEW and published by . This book was released on 2013-11-12 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Illinois it is the Division of Professional Regulation DPR and the Auction Advisory Board that administer auctioneer licensing. according to the Auction License Act [225 ILCS 407/5-10] an auction license is necessary if a person or entity who, for another, for a fee, compensation, commission, or any other valuable consideration at auction or with the intention or expectation of receiving valuable consideration by the means of or process of an auction or sale at auction or providing an auction service, offers, negotiates, or attempts to negotiate an auction contract, sale, purchase, or exchange of goods, chattels, merchandise, personal property, real property, or any commodity that may be lawfully kept or offered for sale by or at auction. An auctioneer may be self-sponsored or may be sponsored by another licensed auctioneer or auction firm. However, he/she must be at least 18 year of age, have attained a high school diploma or equivalent, and have personally passed an examination in order to earn the license.We give you knowledge information relevant to the exam specification. To be able to succeed in the real exam, you'll need to apply your earned knowledge to the question scenarios. Many of the exam questions are written to be less straight forward. They tend to be framed within the context of short scenarios. An advice: Do NOT rely on a single source for exam preparation. To secure exam success, always use multiple sources and read as much as possible!
Book Synopsis Florida Auctioneer License Exam by : Examreview
Download or read book Florida Auctioneer License Exam written by Examreview and published by Createspace Independent Publishing Platform. This book was released on 2016-01-26 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt: In FL, the Board of Auctioneers is responsible for licensing and regulating auctioneers. On the other hand, the Bureau of Education and Testing is responsible for examination development, administration, review and grading. The examination has 5) questions covering 7 subject matter areas. The time allotted is exactly one hour. We give you knowledge information relevant to the exam specification. To be able to succeed in the real exam, you'll need to apply your earned knowledge to the question scenarios. Many of the exam questions are written to be less straight forward. They tend to be framed within the context of short scenarios. An advice: Do NOT rely on a single source for exam preparation. To secure exam success, always use multiple sources and read as much as possible!
Book Synopsis Illinois Auctioneer LICENSURE Examination ExamFOCUS Study Notes and Review Questions 2012 by : ExamREVIEW
Download or read book Illinois Auctioneer LICENSURE Examination ExamFOCUS Study Notes and Review Questions 2012 written by ExamREVIEW and published by . This book was released on 2012-08-30 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Illinois it is the Division of Professional Regulation DPR and the Auction Advisory Board that administer auctioneer licensing. according to the Auction License Act [225 ILCS 407/5-10] an auction license is necessary if a person or entity who, for another, for a fee, compensation, commission, or any other valuable consideration at auction or with the intention or expectation of receiving valuable consideration by the means of or process of an auction or sale at auction or providing an auction service, offers, negotiates, or attempts to negotiate an auction contract, sale, purchase, or exchange of goods, chattels, merchandise, personal property, real property, or any commodity that may be lawfully kept or offered for sale by or at auction. An auctioneer may be self-sponsored or may be sponsored by another licensed auctioneer or auction firm. However, he/she must be at least 18 year of age, have attained a high school diploma or equivalent, and have personally passed an examination in order to earn the license. The TOC is as follow: CONTENTS UPDATE 2 PREFACE FOR CANDIDATES 3 ACTS AND REGULATIONS 4 AT THE STATE LEVEL 4 AT THE NATIONAL LEVEL 5 THE AUCTION BUSINESS 15 BASIC DEFINITIONS 15 THE OVERALL BUSINESS ENTITY REQUIREMENTS 17 INSURANCE 19 BASIC MATH AND ACCOUNTING 19 THE ACCRUAL PRINCIPLE 21 THE HISTORICAL COST PRINCIPLE 22 THE CONSISTENCY PRINCIPLE 22 THE PRUDENCE PRINCIPLE 22 THE MATERIALITY PRINCIPLE 23 THE MATCHING PRINCIPLE, THE TRIAL BALANCE AND THE RELATED ADJUSTMENTS 23 THE SEPARATE LEGAL ENTITY CONCEPT 25 THE CONSERVATIVE PRINCIPLE 25 THE GOING CONCERN CONCEPT 26 THE ACCOUNTING EQUATION 26 BOOKKEEPING METHODS 27 THE BOOKKEEPING CYCLE 27 DEBITS AND CREDITS 28 RECORDING AND POSTING TRANSACTIONS 30 GENERAL LEDGER VS GENERAL JOURNAL 32 TRIAL BALANCE AND THE NEEDS/PATTERNS OF ADJUSTMENT 33 TRIAL BALANCE AND THE CORRECTION OF ERRORS 34 BANK RECONCILIATION 35 CLOSING JOURNAL ENTRIES 38 SOURCE DOCUMENTS 39 THE TRUST/ESCROW ACCOUNT 39 RECORD KEEPING 41 BUSINESS CONTRACT LEGAL ELEMENTS 45 SOURCE OF LAW 46 THE STATUTE OF FRAUD 47 CONTRACT TYPES 49 OFFER, ACCEPTANCE, AND INVITATION TO TREAT 50 CONSIDERATION 53 DISCHARGING OR INVALIDATING A CONTRACT 55 BREACH OF CONTRACT 58 POSSIBLE DEFENSES 60 DAMAGE RECOVERY 61 MEASURING DAMAGES 62 THE EXPECTATION MEASURE 62 RELIANCE INTEREST 63 RESTITUTION 64 LIMITATIONS 64 SATISFACTION CLAUSE 65 AGENCY RELATIONSHIP 65 AGENCY RELATIONSHIP AND ETHICS IN THE AUCTION BUSINESS 67 THE AUCTION CONTRACTS 70 CONTRACT LAW POINTS TO NOTE 72 ADR 77 FRAUDS 79 MISREPRESENTATION 81 SOME IMPORTANT TERMS OF THE UCC 86 OVERVIEW 86 SOME IMPORTANT PROVISIONS OF ARTICLE 1 97 SOME IMPORTANT PROVISIONS OF ARTICLE 2 AND 2A 99 AUCTION SALE AND BULK TRANSFER 106 BASIC KNOWLEDGE ON REAL ESTATE PROPERTY TRANSACTION 110 CLASSIFICATIONS OF REAL PROPERTY 110 CERTIFICATE OF OCCUPANCY 112 TYPES OF DEED 112 TYPICAL TERMS OF THE DEED 114 TYPICAL ELEMENTS OF A REAL ESTATE SALE AGREEMENT 115 MORTGAGE AND LOANS AND THE DEED OF TRUST 118 EXECUTION, ACKNOWLEDGMENTS AND FILING 122 QUIET TITLE ISSUES, LIENS, ADVERSE POSSESSION, EASEMENT AND ENCROACHMENT 122 ZONING 124 EGRESS AND FIRE CODES 126 INVESTMENT PROPERTY AND PROPERTY CYCLE 126 PROPERTY APPRAISAL, CMA AND OTHER APPROACHES 127 PROPERTY TAXES 129
Book Synopsis Kentucky Auctioneer License Exam by : Examreview
Download or read book Kentucky Auctioneer License Exam written by Examreview and published by Createspace Independent Publishing Platform. This book was released on 2016-01-26 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Kentucky Board of Auctioneers was created in 1962 for protecting the public through licensing and regulating auctioneers, apprentice auctioneers, auction house operators and limited livestock auctioneers. The auctioneers examinations are designed to ensure a minimum level of competence for licensees. topics are included which cover auction law, general auction practice, professional ethics, terminology, mathematics, sales tax, plus common areas and auction types that are most common today. We give you knowledge information relevant to the exam specification. To be able to succeed in the real exam, you'll need to apply your earned knowledge to the question scenarios. Many of the exam questions are written to be less straight forward. They tend to be framed within the context of short scenarios. An advice: Do NOT rely on a single source for exam preparation. To secure exam success, always use multiple sources and read as much as possible!
Book Synopsis Indiana Auctioneer License Exam by : Examreview
Download or read book Indiana Auctioneer License Exam written by Examreview and published by Createspace Independent Publishing Platform. This book was released on 2016-01-26 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Indiana it is the Indiana Auctioneer Commission that administers auctioneer licensing. Pursuant to Indiana law, an examination applicant must first complete 80 hours of auction instruction from a pre-course provider. The exam takes place every odd month at the Indiana Government Center South. It begins at 8:30 a.m. and ends at 12:30 p.m. After obtaining a license, one must still complete 16 hours of continuing education from an approval provider in order to renew the license. We give you knowledge information relevant to the exam specification. To be able to succeed in the real exam, you'll need to apply your earned knowledge to the question scenarios. Many of the exam questions are written to be less straight forward. They tend to be framed within the context of short scenarios. An advice: Do NOT rely on a single source for exam preparation. To secure exam success, always use multiple sources and read as much as possible!
Book Synopsis Pennsylvania Auctioneer License Exam by : Examreview
Download or read book Pennsylvania Auctioneer License Exam written by Examreview and published by Createspace Independent Publishing Platform. This book was released on 2016-01-26 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt: The PA code title 49 Chapter 1 deals with auctioneer licensing. In PA, it is the State Board of Auctioneer Examiners that administers auctioneer licensing. The Auctioneer Exam is conducted on a regular basis throughout the year and can be scheduled as needed via PCS. We give you knowledge information relevant to the exam specification. To be able to succeed in the real exam, you'll need to apply your earned knowledge to the question scenarios. Many of the exam questions are written to be less straight forward. They tend to be framed within the context of short scenarios. An advice: Do NOT rely on a single source for exam preparation. To secure exam success, always use multiple sources and read as much as possible!
Book Synopsis Maine Auctioneer License Exam by : Examreview
Download or read book Maine Auctioneer License Exam written by Examreview and published by Createspace Independent Publishing Platform. This book was released on 2016-01-26 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Board of Licensing of Auctioneers administers auctioneer licensing in Maine. Auctioneer is defined by law as a person licensed by the Department of Professional and Financial Regulation to conduct, advertise or offer services to conduct auctions of real, personal or mixed property. All applicants must be at least eighteen years old. To qualify for an auctioneer license, one must pass the Board's licensing examination covering the Board's laws and rules. Also, the license is valid for one year. To renew, one is required to furnish a copy of a surety bond in the amount of $10,000 that will remain in effect for the duration of the renewed license term. We give you knowledge information relevant to the exam specification. To be able to succeed in the real exam, you'll need to apply your earned knowledge to the question scenarios. Many of the exam questions are written to be less straight forward. They tend to be framed within the context of short scenarios. An advice: Do NOT rely on a single source for exam preparation. To secure exam success, always use multiple sources and read as much as possible!
Book Synopsis New Hampshire Auctioneer License Exam by : Examreview
Download or read book New Hampshire Auctioneer License Exam written by Examreview and published by Createspace Independent Publishing Platform. This book was released on 2016-01-26 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt: In New Hampshire it is the New Hampshire Board of Auctioneers that administers auctioneer licensing. It regulates and operates the New Hampshire Auctioneers Licensing Examination as well as the application process for becoming licensed as an auctioneer in the State of New Hampshire. To be licensed one must pass the examination to confirm that he has attained a minimum level of knowledge about the statutes and regulations affecting the auctioneering profession. We give you knowledge information relevant to the exam specification. To be able to succeed in the real exam, you'll need to apply your earned knowledge to the question scenarios. Many of the exam questions are written to be less straight forward. They tend to be framed within the context of short scenarios. An advice: Do NOT rely on a single source for exam preparation. To secure exam success, always use multiple sources and read as much as possible!
Book Synopsis Michigan Auctioneer License Exam by : Examreview
Download or read book Michigan Auctioneer License Exam written by Examreview and published by Createspace Independent Publishing Platform. This book was released on 2016-01-26 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Michigan, it is the Bureau of Commercial Services, Licensing Division of the Department of Licensing and Regulatory Affairs that registers auctioneers based on Article 29 of the Occupational Code, 1980 PA 299, as amended. Under Article 29, an auctioneer is explicitly defined as one who is, for compensation, engaged in the business of auction, which involves the sale or offer for sale, by bidding, of real or personal property at a public or private location. Article 29 further provides for the creation of the Michigan Board of Auctioneers and lists requirements as to the use of the title "Registered Auctioneer". We give you knowledge information relevant to the exam specification. To be able to succeed in the real exam, you'll need to apply your earned knowledge to the question scenarios. Many of the exam questions are written to be less straight forward. They tend to be framed within the context of short scenarios. An advice: Do NOT rely on a single source for exam preparation. To secure exam success, always use multiple sources and read as much as possible!
Book Synopsis Alabama AUCTIONEER LICENSE EXAM ExamFOCUS Study Notes and Review Questions 2016/17 Edition by : Examreview
Download or read book Alabama AUCTIONEER LICENSE EXAM ExamFOCUS Study Notes and Review Questions 2016/17 Edition written by Examreview and published by Createspace Independent Publishing Platform. This book was released on 2016-01-25 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Alabama, the Alabama Auction Law has rules and regulations that set forth by the ASBA. All auctioneer candidates seeking a license have to contact the licensing board and register to take the closed book auctioneer examination, which requires a passing score of 73%. The Auctioneer Apprentice examination, on the other hand, requires a passing score of 71% only. In any case, candidates are allotted 2 hours to complete the exam.
Book Synopsis Massachusetts Auctioneer License Exam by : Examreview
Download or read book Massachusetts Auctioneer License Exam written by Examreview and published by . This book was released on 2016-01-26 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Massachusetts, matters related to auctioneer licensing is handling by the Massachusetts Division of Standards. The legal authority is the Massachusetts General Law, Chapter 100 Pertaining to the Licensing of Auctioneers. To earn a license, one must be 18 years old and pass an approved course of study. He/she must also pass a written exam, post $10,000 bond and pay a $100 license fee.We give you knowledge information relevant to the exam specification. To be able to succeed in the real exam, you'll need to apply your earned knowledge to the question scenarios. Many of the exam questions are written to be less straight forward. They tend to be framed within the context of short scenarios. An advice: Do NOT rely on a single source for exam preparation. To secure exam success, always use multiple sources and read as much as possible!
Book Synopsis West Virginia AUCTIONEER LICENSE EXAM ExamFOCUS Study Notes and Review Questions 2016/17 Edition by : Examreview
Download or read book West Virginia AUCTIONEER LICENSE EXAM ExamFOCUS Study Notes and Review Questions 2016/17 Edition written by Examreview and published by Createspace Independent Publishing Platform. This book was released on 2016-01-25 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt: In West Virginia it is the Department of Agriculture, Executive Division that administers auctioneer licensing. Examinations for auctioneers and apprentice auctioneers are given in April and October each year. Applicants must be 18 years of age. Focus of the exam is on rules set forth in WV Code ยง19-2C-1. We give you knowledge information relevant to the exam specification. To be able to succeed in the real exam, you'll need to apply your earned knowledge to the question scenarios. Many of the exam questions are written to be less straight forward. They tend to be framed within the context of short scenarios. An advice: Do NOT rely on a single source for exam preparation. To secure exam success, always use multiple sources and read as much as possible!
Book Synopsis North Carolina Auctioneer License Exam by : Examreview
Download or read book North Carolina Auctioneer License Exam written by Examreview and published by Createspace Independent Publishing Platform. This book was released on 2016-01-26 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt: In North Carolina it is the Auctioneer Licensing Board that administers auctioneer licensing. An "Auctioneer" is precisely defined as a person who conducts or offers to conduct auctions through activities such as calling bids, contracts for auctions, accepts consignments of items for sale at auction, advertises an auction, offers items for sale at auction, accepts payment or disburse monies for items sold at auction, or otherwise, solicits, arranges, sponsors, or manages an auction or holds themselves out as an auctioneer...etc. Auctioneer exams are given 6 times a year at the Board's office. To be eligible one must either have a North Carolina apprentice auctioneer license for the preceding two years and accumulated sufficient knowledge and experience in the auctioneer profession or have successfully completed at least 80 hours of classroom instruction at an approved auctioneer school. We give you knowledge information relevant to the exam specification. To be able to succeed in the real exam, you'll need to apply your earned knowledge to the question scenarios. Many of the exam questions are written to be less straight forward. They tend to be framed within the context of short scenarios. An advice: Do NOT rely on a single source for exam preparation. To secure exam success, always use multiple sources and read as much as possible!
Book Synopsis Arkansas AUCTIONEER LICENSE EXAM ExamFOCUS Study Notes and Review Questions 2016/17 Edition by : Examreview
Download or read book Arkansas AUCTIONEER LICENSE EXAM ExamFOCUS Study Notes and Review Questions 2016/17 Edition written by Examreview and published by Createspace Independent Publishing Platform. This book was released on 2016-01-25 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Arkansas it is the AALB that defines and regulates the profession of auctioneers and auction house owners. It prescribes the qualifications of the licensee and also provides a means to impose penalties against those licensees found to be in violation against the public. According to the law in Arkansas, no one engaged in the business of an auctioneer can receive compensation for any services permitted as an auctioneer without first proving that he is a duly licensed auctioneer. We give you knowledge information relevant to the exam specification. To be able to succeed in the real exam, you'll need to apply your earned knowledge to the question scenarios. Many of the exam questions are written to be less straight forward. They tend to be framed within the context of short scenarios. An advice: Do NOT rely on a single source for exam preparation. To secure exam success, always use multiple sources and read as much as possible!
Book Synopsis South Carolina AUCTIONEER LICENSE EXAM ExamFOCUS Study Notes and Review Questions 2016/17 Edition by : Examreview
Download or read book South Carolina AUCTIONEER LICENSE EXAM ExamFOCUS Study Notes and Review Questions 2016/17 Edition written by Examreview and published by Createspace Independent Publishing Platform. This book was released on 2016-01-25 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: The South Carolina Auctioneers' Commission administers auctioneer licensing in SC. All applicants must be at least eighteen years old. To qualify for an auctioneer license, one should complete a 80-hour approved auctioneer course and pass the written examination provided by the Commission. Or, one may submit an application for an apprentice auctioneer license and then take and pass the apprentice examination. The exam is offered on a quarterly basis. Once earned, it is still necessary to take eight hours of commission-approved CE courses every two years for renewal to be successful. We give you knowledge information relevant to the exam specification. To be able to succeed in the real exam, you'll need to apply your earned knowledge to the question scenarios. Many of the exam questions are written to be less straight forward. They tend to be framed within the context of short scenarios. An advice: Do NOT rely on a single source for exam preparation. To secure exam success, always use multiple sources and read as much as possible!
Book Synopsis Georgia AUCTIONEER LICENSE EXAM ExamFOCUS Study Notes and Review Questions 2016/17 Edition by : Examreview
Download or read book Georgia AUCTIONEER LICENSE EXAM ExamFOCUS Study Notes and Review Questions 2016/17 Edition written by Examreview and published by Createspace Independent Publishing Platform. This book was released on 2016-01-25 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt: In GA, the Georgia Auctioneers Commission has the authority to regulate the issuance of licenses, to revoke or suspend licenses issued and to censure licenses for violation of the law and regulations in GA. Any person desiring to act as an auctioneer must first meet the requirements of the law and rules and be licensed with the Commission. Applicants for auctioneer license must be at least 18 years of age, must have a high school diploma from an accredited high school or GED certificate, and must have graduated from an approved auctioneer school. The GA Auctioneer Laws & Rules Exam is administered by PSI. We give you knowledge information relevant to the exam specification. To be able to succeed in the real exam, you'll need to apply your earned knowledge to the question scenarios. Many of the exam questions are written to be less straight forward. They tend to be framed within the context of short scenarios. An advice: Do NOT rely on a single source for exam preparation. To secure exam success, always use multiple sources and read as much as possible!
