100+ Free IN Auctioneer Practice Questions

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2026 Statistics

Key Facts: IN Auctioneer Exam

100 Q

Exam Questions

IN Auctioneer Commission

70%

Passing Score

IN Auctioneer Commission

4 hrs

Time Limit

IN Auctioneer Commission

$35

Exam Fee

IN Auctioneer Commission

6x/yr

Exam Frequency

IN Auctioneer Commission

Indiana requires auctioneers to pass a 100-question written exam through the Auctioneer Commission at the Government Center South. The $35 exam is offered 6 times per year with a 4-hour time limit and 70% passing score. It heavily tests IC 25-6.1 provisions, UCC auction rules, trust account management, advertising compliance, and agency law unique to Indiana.

About the IN Auctioneer Exam

The Indiana Licensed Auctioneer exam is administered by the Indiana Auctioneer Commission at the Indiana Government Center South in Indianapolis. It consists of 100 multiple-choice questions covering Indiana auctioneer law (IC 25-6.1), auction practices and procedures, professional ethics, contract law, UCC provisions, principal-agent relationships, advertising regulations, and financial math. The exam is offered six times per year and candidates have four hours to complete it.

Assessment

100 multiple-choice questions covering Indiana auctioneer law, auction practices, and ethics

Time Limit

4 hours

Passing Score

70%

Exam Fee

$35 (Indiana Auctioneer Commission)

IN Auctioneer Exam Content Outline

20%

Indiana Auction Laws & Rules

IC 25-6.1 provisions, Indiana Auctioneer Commission authority, licensing requirements, disciplinary actions, surety bond requirements, and continuing education

20%

Contract Law & UCC

UCC Article 2 auction provisions, statute of frauds, offer and acceptance at auction, warranty obligations, title transfer, and good faith dealing

15%

Auction Ethics

Fiduciary duties, shill bidding prohibitions, disclosure requirements, conflicts of interest, trust account handling, commingling, and professional conduct standards

15%

Auction Procedures

Bid calling, opening bids, bid increments, bid disputes, clerk duties, bidder registration, settlement procedures, and absentee bidding

10%

Principal & Agent Law

Agency relationships, fiduciary duties, authority types (express, implied, apparent), ratification, dual agency, vicarious liability, and termination of agency

10%

Advertising Rules

Indiana advertising compliance, required disclosures, truth-in-advertising, reserve/absolute auction terminology, online auction advertising, and real estate auction ads

10%

Financial Math & Accounting

Commission calculations, settlement statements, buyer premiums, sales tax (7% Indiana rate), trust account reconciliation, sliding-scale commissions, and net proceeds

How to Pass the IN Auctioneer Exam

What You Need to Know

Passing score: 70%
Assessment: 100 multiple-choice questions covering Indiana auctioneer law, auction practices, and ethics
Time limit: 4 hours
Exam fee: $35

Keys to Passing

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

IN Auctioneer Study Tips from Top Performers

1Focus on IC 25-6.1 provisions including licensing requirements, Commission authority, disciplinary actions, and trust account rules as these make up the largest portion of the exam

2Master UCC Article 2-328 auction provisions including the distinction between reserve and without-reserve auctions, when title transfers, and seller bidding rules

3Practice commission and settlement calculations including buyer's premium math, Indiana's 7% sales tax, sliding-scale commissions, and net proceeds computations

4Study the fiduciary duties owed by an auctioneer to the principal including loyalty, obedience, disclosure, accounting, confidentiality, and the concept of vicarious liability

5Review Indiana-specific advertising rules and required disclosures including auctioneer license number, auction type (absolute vs. reserve), buyer's premium, and online auction requirements

Frequently Asked Questions

How many questions are on the Indiana auctioneer licensing exam?

The Indiana auctioneer exam consists of 100 multiple-choice questions. You must score at least 70% (70 correct out of 100) to pass. The exam is administered by the Indiana Auctioneer Commission at the Indiana Government Center South in Indianapolis, and you have 4 hours to complete it.

What are the requirements to become a licensed auctioneer in Indiana?

Indiana requires candidates to be at least 18 years old, pass the 100-question written exam with a 70% score, pay the $35 exam fee, and meet all application requirements set by the Indiana Auctioneer Commission. Applicants must also obtain a surety bond and comply with background check requirements. The exam is offered 6 times per year.

What topics does the Indiana auctioneer exam cover?

The exam covers seven content areas: Indiana auctioneer law under IC 25-6.1 (20%), contract law and UCC provisions (20%), auction ethics (15%), auction procedures (15%), principal and agent law (10%), advertising rules (10%), and financial math and accounting (10%). The exam heavily emphasizes Indiana-specific regulations and trust account management.

How much does the Indiana auctioneer exam cost and where is it held?

The Indiana auctioneer licensing exam costs $35 and is administered at the Indiana Government Center South in Indianapolis. The exam is offered approximately 6 times per year. Candidates must register in advance through the Indiana Auctioneer Commission and pay the fee at the time of application.