100+ Free GA Auctioneer Practice Questions

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Which of the following best describes the auctioneer's duty of loyalty to the seller?

The auctioneer must act in the seller's best interest and avoid conflicts of interest

The auctioneer must always agree with the seller's opinions

The auctioneer must purchase items from the seller at full price

The auctioneer must never communicate with bidders

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ArticleFree Auctioneer Practice Test by State 2026: 2,100+ Questions24 min read

2026 Statistics

Key Facts: GA Auctioneer Exam

70%

Passing Score

PSI

75 Q

Exam Questions

PSI

100 Q

Practice Questions

OpenExamPrep

2 hrs

Exam Time

PSI

Title 43-6

Governing Statute

Georgia OCGA

Georgia requires auctioneers to pass a state licensing exam covering OCGA Title 43 Chapter 6, auction practices, ethics, contract law, and financial procedures before conducting auctions in the state.

Sample GA Auctioneer Practice Questions

Try these sample questions to test your GA Auctioneer exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.

1Under Georgia law (OCGA Title 43, Chapter 6), which state body is responsible for regulating auctioneers?

A.Georgia Department of Revenue

B.Georgia Auctioneers Commission

C.Georgia Real Estate Commission

D.Georgia Department of Labor

Explanation: The Georgia Auctioneers Commission, established under OCGA Title 43, Chapter 6, is the regulatory body that oversees the licensing and regulation of auctioneers in the state. The Commission operates under the Secretary of State and has the authority to issue licenses, investigate complaints, and take disciplinary action against licensees.

2What is the minimum age requirement to obtain an auctioneer license in Georgia?

A.16 years old

B.18 years old

C.21 years old

D.25 years old

Explanation: Georgia requires auctioneer license applicants to be at least 18 years of age. This minimum age requirement ensures that licensees have reached the age of majority and can legally enter into contracts, which is essential for conducting auction transactions.

3Which of the following is NOT a type of auction recognized under Georgia law?

A.Absolute auction

B.Reserve auction

C.Dutch auction

D.Silent auction with hidden reserves

Explanation: Georgia law recognizes absolute auctions (no minimum price), reserve auctions (seller may reject bids below a stated minimum), and Dutch auctions (price starts high and decreases). A 'silent auction with hidden reserves' is not a recognized auction type and would violate disclosure requirements, as reserve prices must be disclosed to bidders when applicable.

4Under the Georgia Auctioneer License Act, what happens if an auctioneer conducts auctions without a valid license?

A.They receive a verbal warning for the first offense

B.They may be subject to fines, criminal penalties, and injunctive relief

C.They are required to complete additional training hours only

D.No penalty applies if the auction is for personal property

Explanation: Conducting auctions without a valid Georgia auctioneer license is a violation of OCGA Title 43, Chapter 6. Violators may face fines, criminal penalties (misdemeanor charges), and the Commission or Attorney General may seek injunctive relief to stop unlicensed activity. The penalties apply regardless of the type of property being auctioned.

5In an absolute auction conducted in Georgia, what is the seller's obligation regarding the highest bid?

A.The seller may reject any bid at their discretion

B.The seller must accept the highest bid regardless of the amount

C.The seller may set a secret reserve price

D.The seller may withdraw the item at any time before the hammer falls

Explanation: In an absolute auction (also called an auction 'without reserve'), the seller is obligated to sell the item to the highest bidder regardless of the price. Once the auction is announced as absolute, the seller cannot withdraw the item or set any reserve price. This is a fundamental concept under both Georgia law and UCC Article 2.

6What document must a Georgia auctioneer maintain for every auction conducted?

A.A federal tax clearance letter

B.A complete and accurate record of all transactions

C.A notarized affidavit from each bidder

D.A pre-auction environmental impact statement

Explanation: Georgia law requires auctioneers to maintain complete and accurate records of all auction transactions. These records must include details such as the consignor's name, a description of items sold, sale prices, buyer information, and financial settlement details. Records must be kept for the period specified by the Commission and made available for inspection upon request.

7Under Georgia law, an auctioneer acts in what capacity when conducting an auction on behalf of a seller?

A.Independent contractor with no fiduciary duty

B.Agent of the seller with fiduciary duties

C.Buyer's representative

D.Neutral third-party mediator

Explanation: When conducting an auction on behalf of a seller, a Georgia auctioneer acts as the seller's agent and owes fiduciary duties to the seller. These duties include loyalty, obedience, disclosure, confidentiality, accountability, and reasonable care. The auctioneer must act in the best interest of the seller throughout the auction process.

8Which of the following is a requirement for advertising an auction in Georgia?

A.All advertisements must be published at least 60 days before the auction

B.Advertisements must accurately describe the property and terms of sale

C.Only newspaper advertisements are permitted

D.The auctioneer's Social Security number must appear in all ads

Explanation: Georgia law requires that all auction advertisements be truthful and accurately describe the property being sold and the terms of the sale. Misleading or deceptive advertising is a violation of the Auctioneer License Act. Advertisements must include the auctioneer's license number and may be published in any medium, not just newspapers.

9What is shill bidding?

A.Bidding on behalf of an absentee buyer with proper authorization

B.Placing bids by or on behalf of the seller to artificially inflate the price

C.Accepting phone bids during a live auction

D.Placing the opening bid to start the auction

Explanation: Shill bidding is the prohibited practice of placing bids by or on behalf of the seller (or the auctioneer) to artificially drive up the price. This fraudulent practice deceives legitimate bidders and is a serious violation of Georgia auctioneer regulations and ethics. Shill bidding can result in license revocation and criminal charges.

10Under OCGA Title 43, Chapter 6, which of the following persons is generally exempt from auctioneer licensing requirements?

A.A professional auctioneer conducting estate sales

B.A person selling their own property at auction without holding themselves out as an auctioneer

C.A real estate agent conducting personal property auctions

D.An auction company employee who calls bids

Explanation: Georgia law provides certain exemptions from auctioneer licensing. A person selling their own property at auction, without holding themselves out as an auctioneer for hire, is generally exempt. However, anyone who conducts auctions for others or holds themselves out as a professional auctioneer must be licensed regardless of the type of property being sold.

About the GA Auctioneer Exam

The Georgia auctioneer licensing exam tests knowledge of the Georgia Auctioneer License Act (OCGA Title 43, Chapter 6), auction procedures, contract law, ethics, advertising rules, financial calculations, and principal-agent relationships. The exam is administered by PSI on behalf of the Georgia Auctioneers Commission.

Questions

75 scored questions

Time Limit

2 hours

Passing Score

70%

Exam Fee

Varies (PSI / Georgia Auctioneers Commission)

GA Auctioneer Exam Content Outline

25%

Georgia Auction Law & Regulations

OCGA Title 43 Chapter 6, licensing requirements, Auctioneers Commission rules, penalties

20%

Auction Procedures & Practices

Bid calling, auction types, opening and closing procedures, reserve and absolute auctions

20%

Contract & Property Law

UCC Article 2, contracts of sale, title transfer, risk of loss, consignment agreements

15%

Ethics & Professional Conduct

Fiduciary duties, conflict of interest, disclosure requirements, prohibited practices

10%

Advertising & Marketing

Truth-in-advertising, required disclosures, prohibited claims, online auction rules

10%

Financial Practices

Trust accounts, settlement procedures, commissions, tax collection, record-keeping

How to Pass the GA Auctioneer Exam

What You Need to Know

Passing score: 70%
Exam length: 75 questions
Time limit: 2 hours
Exam fee: Varies

Keys to Passing

Complete 500+ practice questions
Score 80%+ consistently before scheduling
Focus on highest-weighted sections
Use our AI tutor for tough concepts

GA Auctioneer Study Tips from Top Performers

1Focus heavily on OCGA Title 43 Chapter 6 — the Georgia Auctioneer License Act is the foundation of the exam

2Learn the role and authority of the Georgia Auctioneers Commission, including disciplinary powers

3Understand trust account requirements and how auction proceeds must be handled

4Study the differences between absolute auctions, reserve auctions, and minimum-bid auctions

5Review UCC Article 2 rules on sales of goods, including title transfer and risk of loss

Frequently Asked Questions

How many questions are on the Georgia auctioneer licensing exam?

The Georgia auctioneer exam has approximately 75 multiple-choice questions. You need a score of 70% or higher to pass.

Who administers the Georgia auctioneer exam?

The exam is administered by PSI on behalf of the Georgia Auctioneers Commission, which operates under the Georgia Secretary of State.

What law governs auctioneers in Georgia?

Georgia auctioneers are governed by the Georgia Auctioneer License Act found in OCGA Title 43, Chapter 6. This statute establishes the Auctioneers Commission and sets licensing requirements, prohibited acts, and penalties.

Do I need experience to get a Georgia auctioneer license?

Georgia requires applicants to be at least 18 years old, be a U.S. citizen or legal resident, have a high school diploma or GED, and pass the state licensing exam. Check with the Georgia Auctioneers Commission for the most current requirements.