100+ Free KY Auctioneer Practice Questions
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Key Facts: KY Auctioneer Exam
$125
Exam Fee
KY Board of Auctioneers
70%
Passing Score
KY Board of Auctioneers
100 Q
Practice Questions
OpenExamPrep
2 Parts
Written + Oral Exam
KY Board of Auctioneers
2 hrs
Time Limit
KCTCS
Kentucky requires auctioneers to pass a two-part exam: a 100-question written test covering KRS 330, contracts, UCC, ethics, and sales tax, plus an oral bid-calling exam. The exam is administered by KCTCS, and candidates must score at least 70% on the written portion.
About the KY Auctioneer Exam
The Kentucky Licensed Auctioneer exam is administered by the Kentucky Community and Technical College System (KCTCS) on behalf of the Kentucky Board of Auctioneers. Candidates must pass both a written exam and an oral/bid-calling exam. The written exam covers Kentucky auction law (KRS 330), contract law, UCC provisions, ethics, advertising regulations, sales tax requirements, and auction procedures. A score of 70% or higher is required to pass.
Questions
100 scored questions
Time Limit
2 hours
Passing Score
70%
Exam Fee
$125 (Kentucky Board of Auctioneers / KCTCS)
KY Auctioneer Exam Content Outline
Kentucky Auction Law (KRS 330)
Kentucky Revised Statutes Chapter 330, licensing requirements, Board of Auctioneers authority, prohibited practices, license renewal, and disciplinary actions
Contract Law & UCC
UCC Article 2 auction provisions, reserve vs. without-reserve auctions, statute of frauds, offer and acceptance, buyer-seller contracts, and warranty obligations
Auction Ethics & Professional Conduct
Fiduciary duties, shill bidding prohibitions, disclosure requirements, conflicts of interest, trust account handling, and professional standards
Auction Procedures & Bid Calling
Bid calling techniques, opening bids, bid increments, dispute resolution, clerk duties, settlement procedures, and auction-day logistics
Principal-Agent Relationships
Agency relationships, fiduciary duties, authority types, seller-auctioneer agreements, consignment contracts, and dual agency restrictions
Advertising & Marketing Rules
Kentucky advertising compliance, required disclosures, truth-in-advertising, reserve/absolute auction terminology, and online auction advertising rules
Financial Math & Sales Tax
Commission calculations, settlement statements, buyer premiums, Kentucky sales tax requirements, trust account reconciliation, and basic accounting
How to Pass the KY Auctioneer Exam
What You Need to Know
- Passing score: 70%
- Exam length: 100 questions
- Time limit: 2 hours
- Exam fee: $125
Keys to Passing
- Complete 500+ practice questions
- Score 80%+ consistently before scheduling
- Focus on highest-weighted sections
- Use our AI tutor for tough concepts
KY Auctioneer Study Tips from Top Performers
Frequently Asked Questions
What does the Kentucky auctioneer licensing exam cover?
The Kentucky auctioneer exam covers KRS 330 (Kentucky auction law), contract law, UCC Article 2 provisions, auction ethics, bid-calling procedures, advertising rules, principal-agent relationships, and financial math including Kentucky sales tax. Candidates must pass both a written exam and an oral/bid-calling exam.
How much does the Kentucky auctioneer exam cost?
The Kentucky auctioneer licensing exam fee is $125. This covers the written examination administered by the Kentucky Community and Technical College System (KCTCS). Additional fees may apply for the oral/bid-calling portion and license application.
What score do I need to pass the Kentucky auctioneer exam?
You must score at least 70% on the written portion of the Kentucky auctioneer exam to pass. The exam consists of 100 multiple-choice questions, so you need at least 70 correct answers. You must also pass the oral/bid-calling exam.
Who administers the Kentucky auctioneer licensing exam?
The Kentucky auctioneer exam is administered by the Kentucky Community and Technical College System (KCTCS) on behalf of the Kentucky Board of Auctioneers. The Board oversees all auctioneer licensing in the state under KRS 330.