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100+ Free LA Auctioneer Practice Questions

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Which of the following acts is considered a criminal offense under the Louisiana Auctioneer License Law?

A
B
C
D
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ArticleFree Auctioneer Practice Test by State 2026: 2,100+ Questions24 min read
2026 Statistics

Key Facts: LA Auctioneer Exam

70%

Passing Score

LA Board

100 Q

Practice Questions

OpenExamPrep

2 hrs

Time Limit

LA Board

8

Content Areas

LA Board

RS 37:3101

Governing Statute

LA Legislature

Louisiana requires auctioneers to pass a written exam administered by the Louisiana Auctioneer Licensing Board. The exam emphasizes LA RS 37:3101-3134 provisions, UCC Article 2 auction rules, trust account management, shill bidding prohibitions, and Louisiana-specific advertising and disclosure requirements.

Sample LA Auctioneer Practice Questions

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

1Which Louisiana statute governs the licensing and regulation of auctioneers in the state?
A.LA RS 37:3101-3134
B.LA RS 37:2150-2163
C.LA RS 51:1401-1418
D.LA RS 40:1001-1020
Explanation: Louisiana Revised Statutes Title 37, Chapter 51, Sections 3101 through 3134 (LA RS 37:3101-3134) is the Louisiana Auctioneer License Law. This chapter establishes the Louisiana Auctioneer Licensing Board, defines licensing requirements, sets forth prohibited conduct, and outlines penalties for violations.
2What is the primary regulatory body responsible for licensing auctioneers in Louisiana?
A.Louisiana Department of Economic Development
B.Louisiana Real Estate Commission
C.Louisiana Auctioneer Licensing Board
D.Louisiana Secretary of State
Explanation: The Louisiana Auctioneer Licensing Board is the state regulatory body created under LA RS 37:3101-3134 to oversee the licensing and regulation of auctioneers. The Board administers examinations, issues licenses, and enforces the provisions of the Louisiana Auctioneer License Law.
3Under Louisiana law, what is the minimum age requirement to apply for an auctioneer license?
A.16 years old
B.18 years old
C.21 years old
D.25 years old
Explanation: Louisiana requires auctioneer license applicants to be at least 18 years of age. This is consistent with the general principle that applicants must have reached the age of majority to enter into binding contracts and carry out the fiduciary duties associated with auctioneering.
4How often must a Louisiana auctioneer license be renewed?
A.Every year
B.Every two years
C.Every three years
D.Every five years
Explanation: Louisiana auctioneer licenses must be renewed annually. Licensees are responsible for submitting renewal applications and paying renewal fees before the expiration date. Failure to renew on time may result in the license lapsing, and the auctioneer must cease conducting auctions until the license is reinstated.
5Which of the following acts is considered a criminal offense under the Louisiana Auctioneer License Law?
A.Charging a buyer premium without written disclosure
B.Conducting an auction without a valid Louisiana auctioneer license
C.Holding an auction on a Sunday
D.Advertising an auction more than 30 days in advance
Explanation: Under LA RS 37:3134, conducting an auction without a valid Louisiana auctioneer license is a criminal offense. Anyone who acts as an auctioneer without proper licensure may be subject to fines and imprisonment. The law is designed to protect the public by ensuring only qualified, licensed individuals conduct auctions.
6Under Louisiana law, what must an auctioneer do with funds collected on behalf of a seller?
A.Deposit them in the auctioneer's personal checking account
B.Hold them in a separate trust or escrow account
C.Immediately forward them to the Louisiana Auctioneer Licensing Board
D.Invest them in interest-bearing securities
Explanation: Louisiana law requires auctioneers to deposit all funds collected on behalf of a seller into a separate trust or escrow account. Commingling client funds with the auctioneer's personal or business funds is a serious violation that can result in license revocation and criminal charges. This requirement protects sellers and buyers alike.
7What is shill bidding in the context of an auction?
A.Bidding by a licensed auctioneer on their own items
B.Placing fictitious bids to artificially inflate the price of an item
C.Bidding by telephone on behalf of an absent buyer
D.Submitting a sealed bid before the auction starts
Explanation: Shill bidding is the fraudulent practice of placing fictitious or collusive bids to artificially drive up the price of an item being auctioned. Under Louisiana law and general auction ethics, shill bidding is strictly prohibited. Auctioneers who engage in or allow shill bidding may face license revocation, fines, and criminal prosecution.
8In an auction held 'with reserve,' what right does the seller retain?
A.The right to bid on their own property
B.The right to withdraw the item before the hammer falls
C.The right to refuse payment from the winning bidder
D.The right to set a maximum sale price
Explanation: In a reserve auction, the seller retains the right to withdraw the item at any time before the auctioneer announces completion of the sale (the fall of the hammer). Under UCC Section 2-328, unless goods are explicitly put up without reserve, the auction is presumed to be with reserve. This protects the seller from being forced to sell below an acceptable price.
9Under UCC Section 2-328, when is a sale by auction complete?
A.When the winning bidder signs a purchase agreement
B.When the auctioneer announces completion by the fall of the hammer or other customary manner
C.When payment is received in full
D.When the item is physically delivered to the buyer
Explanation: Under UCC Section 2-328(2), a sale by auction is complete when the auctioneer announces its completion by the fall of the hammer or in another customary manner. Until that announcement, a bidder may retract their bid. This moment transfers title and creates a binding contract between buyer and seller.
10What type of relationship exists between an auctioneer and the seller who hires them?
A.Employer-employee relationship
B.Principal-agent relationship
C.Debtor-creditor relationship
D.Landlord-tenant relationship
Explanation: An auctioneer acts as an agent for the seller (principal) who hires them to conduct the auction. This principal-agent relationship creates fiduciary duties that the auctioneer owes to the seller, including loyalty, obedience, disclosure, accounting, and confidentiality. The auctioneer must act in the seller's best interest within the scope of their authority.

About the LA Auctioneer Exam

The Louisiana Licensed Auctioneer exam is administered by the Louisiana Auctioneer Licensing Board under the authority of LA RS 37:3101-3134. It covers Louisiana auction law, general auctioneering principles, ethics, contract law, principal-agent relationships, advertising rules, and financial calculations. Candidates must meet all Board eligibility requirements and pass the exam before receiving a Louisiana auctioneer license.

Questions

100 scored questions

Time Limit

2 hours

Passing Score

70%

Exam Fee

Varies (Louisiana Auctioneer Licensing Board)

LA Auctioneer Exam Content Outline

20%

Louisiana Auction Laws & Regulations

LA RS 37:3101-3134, Louisiana Auctioneer Licensing Board rules, licensing requirements, license categories, renewals, disciplinary actions, and Board authority

17.5%

Contract Law

UCC Article 2 auction provisions, offer and acceptance at auction, statute of frauds, buyer-seller contracts, warranty obligations, and Louisiana civil-law contract principles

15%

Auction Ethics

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

15%

Auction Procedures

Bid calling, opening bids, bid increments, bid acceptance, dispute resolution, clerk duties, settlement procedures, and record-keeping requirements

10%

Law of Principal & Agent

Agency relationships, fiduciary duties to the principal, authority types, seller-auctioneer agreements, and dual agency restrictions

10%

Advertising & Marketing Rules

Louisiana advertising compliance, required disclosures in auction ads, reserve vs. absolute terminology, online auction advertising, and Board advertising rules

7.5%

Financial Math & Accounting

Commission calculations, settlement statements, buyer premiums, sales tax, trust account reconciliation, and basic accounting terminology

5%

Auction Types

Absolute vs. reserve auctions, sealed bid, Dutch auction, English auction, online auction compliance, and Louisiana-specific auction formats

How to Pass the LA Auctioneer Exam

What You Need to Know

  • Passing score: 70%
  • Exam length: 100 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

LA Auctioneer Study Tips from Top Performers

1Focus on LA RS 37:3101-3134 (Louisiana Auctioneer License Law) as it forms the largest portion of the exam and covers licensing, prohibited acts, penalties, and Board authority
2Master UCC Article 2 auction provisions, particularly the distinction between reserve and without-reserve auctions, when a bid becomes binding, and how Louisiana civil-law contract principles interact with the UCC
3Practice commission calculations, settlement statements, buyer premium math, and sales tax computations since financial math questions require accuracy under time pressure
4Study the fiduciary duties owed by an auctioneer to the principal including loyalty, obedience, disclosure, accounting, and confidentiality — these appear across multiple content areas
5Review Louisiana-specific advertising requirements and disclosure rules, including what must appear in auction advertisements and the consequences of misleading advertising under Board regulations

Frequently Asked Questions

How many questions are on the Louisiana auctioneer licensing exam?

The Louisiana auctioneer exam is a written examination administered by the Louisiana Auctioneer Licensing Board. Candidates must score at least 70% to pass. The exam is scheduled as needed prior to Board meetings and covers Louisiana auction law, ethics, contract law, and auctioneering procedures.

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

Louisiana requires candidates to be at least 18 years old, pass the written licensing exam with a 70% score, submit to a background check, and meet all application requirements set by the Louisiana Auctioneer Licensing Board under LA RS 37:3101-3134. Applicants must also pay applicable licensing fees.

What topics does the Louisiana auctioneer exam cover?

The exam covers eight content areas: Louisiana auction laws and regulations (LA RS 37:3101-3134), contract law including UCC Article 2, auction ethics and fiduciary duties, auction procedures and bid calling, principal-agent law, advertising and marketing rules, financial math and accounting, and different auction types.

Who administers the Louisiana auctioneer exam?

The Louisiana auctioneer licensing exam is administered by the Louisiana Auctioneer Licensing Board, which operates under the authority of the Louisiana Revised Statutes Title 37, Chapter 51 (RS 37:3101-3134). Exams are scheduled as needed prior to Board meetings.