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!

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!

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!

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. The book TOC is as follow: CONTENTS UPDATE 3 PREFACE FOR CANDIDATES 3 ACTS AND REGULATIONS 4 AT THE STATE LEVEL 4 AT THE NATIONAL LEVEL 6 THE AUCTION BUSINESS 17 BASIC DEFINITIONS 17 THE OVERALL BUSINESS ENTITY REQUIREMENTS 19 INSURANCE AND BOND 21 BASIC MATH AND ACCOUNTING 22 THE ACCRUAL PRINCIPLE 24 THE HISTORICAL COST PRINCIPLE 25 THE CONSISTENCY PRINCIPLE 25 THE PRUDENCE PRINCIPLE 25 THE MATERIALITY PRINCIPLE 26 THE MATCHING PRINCIPLE, THE TRIAL BALANCE AND THE RELATED ADJUSTMENTS 26 THE SEPARATE LEGAL ENTITY CONCEPT 28 THE CONSERVATIVE PRINCIPLE 28 THE GOING CONCERN CONCEPT 29 THE ACCOUNTING EQUATION 29 BOOKKEEPING METHODS 30 THE BOOKKEEPING CYCLE 30 DEBITS AND CREDITS 31 RECORDING AND POSTING TRANSACTIONS 33 GENERAL LEDGER VS GENERAL JOURNAL 35 TRIAL BALANCE AND THE NEEDS/PATTERNS OF ADJUSTMENT 36 TRIAL BALANCE AND THE CORRECTION OF ERRORS 37 BANK RECONCILIATION 38 CLOSING JOURNAL ENTRIES 41 SOURCE DOCUMENTS 42 THE TRUST/ESCROW ACCOUNT 42 RECORD KEEPING 44 BUSINESS CONTRACT LEGAL ELEMENTS 49 SOURCE OF LAW 50 THE STATUTE OF FRAUD 51 CONTRACT TYPES 53 OFFER, ACCEPTANCE, AND INVITATION TO TREAT 54 CONSIDERATION 57 DISCHARGING OR INVALIDATING A CONTRACT 59 BREACH OF CONTRACT 62 POSSIBLE DEFENSES 64 DAMAGE RECOVERY 65 MEASURING DAMAGES 66 THE EXPECTATION MEASURE 66 RELIANCE INTEREST 67 RESTITUTION 68 LIMITATIONS 68 SATISFACTION CLAUSE 69 AGENCY RELATIONSHIP 69 AGENCY RELATIONSHIP AND ETHICS IN THE AUCTION BUSINESS 71 THE AUCTION CONTRACTS 74 CONTRACT LAW POINTS TO NOTE 76 ADR 81 FRAUDS 83 MISREPRESENTATION 85 SOME IMPORTANT TERMS OF THE UCC 90 OVERVIEW 90 SOME IMPORTANT PROVISIONS OF ARTICLE 1 101 SOME IMPORTANT PROVISIONS OF ARTICLE 2 AND 2A 103 AUCTION SALE AND BULK TRANSFER 110 BASIC KNOWLEDGE ON REAL ESTATE PROPERTY TRANSACTION 114 CLASSIFICATIONS OF REAL PROPERTY 114 CERTIFICATE OF OCCUPANCY 116 TYPES OF DEED 116 TYPICAL TERMS OF THE DEED 118 TYPICAL ELEMENTS OF A REAL ESTATE SALE AGREEMENT 119 MORTGAGE AND LOANS AND THE DEED OF TRUST 122 EXECUTION, ACKNOWLEDGMENTS AND FILING 126 QUIET TITLE ISSUES, LIENS, ADVERSE POSSESSION, EASEMENT AND ENCROACHMENT 126 ZONING 128 EGRESS AND FIRE CODES 130 INVESTMENT PROPERTY AND PROPERTY CYCLE 130 PROPERTY APPRAISAL, CMA AND OTHER APPROACHES 131 PROPERTY TAXES 133

Book updated February 2021. 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!

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!

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!