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 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 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!

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. Below shows the TOC of the book: CONTENTS UPDATE 3 PREFACE FOR CANDIDATES 3 ACTS AND REGULATIONS 4 STATE SPECIFIC 4 NATIONAL LEVEL 6 THE AUCTION BUSINESS 16 BASIC DEFINITIONS 16 THE OVERALL BUSINESS ENTITY REQUIREMENTS 17 INSURANCE 19 BASIC MATH AND ACCOUNTING 20 THE ACCRUAL PRINCIPLE 22 THE HISTORICAL COST PRINCIPLE 22 THE CONSISTENCY PRINCIPLE 23 THE PRUDENCE PRINCIPLE 23 THE MATERIALITY PRINCIPLE 23 THE MATCHING PRINCIPLE, THE TRIAL BALANCE AND THE RELATED ADJUSTMENTS 24 THE SEPARATE LEGAL ENTITY CONCEPT 25 THE CONSERVATIVE PRINCIPLE 26 THE GOING CONCERN CONCEPT 26 THE ACCOUNTING EQUATION 26 BOOKKEEPING METHODS 27 THE BOOKKEEPING CYCLE 28 DEBITS AND CREDITS 29 RECORDING AND POSTING TRANSACTIONS 31 GENERAL LEDGER VS GENERAL JOURNAL 33 TRIAL BALANCE AND THE NEEDS/PATTERNS OF ADJUSTMENT 34 TRIAL BALANCE AND THE CORRECTION OF ERRORS 35 BANK RECONCILIATION 36 CLOSING JOURNAL ENTRIES 38 SOURCE DOCUMENTS 39 THE TRUST/ESCROW ACCOUNT 40 RECORD KEEPING 42 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

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 updated February 2021. 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!

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!