Author: ExamREVIEW

Publisher:

Published: 2013-11-12

Total Pages: 0

ISBN-13: 9781493743254

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!