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100+ Free NC Auctioneer Practice Questions

Pass your North Carolina Licensed Auctioneer Exam exam on the first try — instant access, no signup required.

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What is the purpose of 'ringmen' or 'bid spotters' at a North Carolina auction?

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

Key Facts: NC Auctioneer Exam

100 pts

Exam Score

NC Board

75%

Passing Score

NC Board

1 hr

Time Limit

NC Board

$50

Exam Fee

NC Board

6x/yr

Exam Frequency

NC Board

North Carolina administers its auctioneer exam in-house through the NC Auctioneer Licensing Board. The 1-hour exam requires a 75% score and covers NC auction laws, ethics, bid calling, contract drafting, advertising rules, settlement statements, and basic math. It is offered 6 times per year with a $50 fee.

Sample NC Auctioneer Practice Questions

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

1Which board is responsible for licensing auctioneers in North Carolina?
A.NC Real Estate Commission
B.NC Auctioneer Licensing Board
C.NC Department of Commerce
D.NC Secretary of State
Explanation: The NC Auctioneer Licensing Board is the state agency responsible for licensing and regulating auctioneers in North Carolina. The Board administers the licensing exam in-house, sets rules and regulations, and enforces compliance with NC General Statutes Chapter 85B.
2What chapter of the North Carolina General Statutes governs auctioneer licensing?
A.Chapter 47 — Estates
B.Chapter 66 — Commerce
C.Chapter 85B — Auctioneers
D.Chapter 93A — Real Estate License Law
Explanation: NC General Statutes Chapter 85B is the chapter that specifically governs auctioneer licensing in North Carolina. It establishes the NC Auctioneer Licensing Board, licensing requirements, grounds for disciplinary action, and the regulatory framework for auctioneers.
3What is the passing score for the North Carolina auctioneer licensing exam?
A.60%
B.70%
C.75%
D.80%
Explanation: The NC auctioneer licensing exam requires a score of 75% (75 out of 100 points) to pass. The exam is administered in-house by the NC Auctioneer Licensing Board and candidates have 1 hour to complete it.
4How often is the North Carolina auctioneer licensing exam offered?
A.Monthly
B.4 times per year
C.6 times per year
D.On demand
Explanation: The NC Auctioneer Licensing Board offers the licensing exam 6 times per year. Candidates should check with the Board for specific scheduled dates and registration deadlines.
5What is the exam fee for the North Carolina auctioneer licensing exam?
A.$25
B.$50
C.$100
D.$150
Explanation: The NC auctioneer licensing exam fee is $50, payable to the NC Auctioneer Licensing Board. This fee covers the cost of taking the exam and is required at the time of registration.
6Under NC General Statutes Chapter 85B, which of the following persons is exempt from auctioneer licensing requirements?
A.A person who regularly conducts charity auctions for compensation
B.A person acting under a court order to sell property
C.A real estate agent selling property at a public auction
D.A person who conducts more than two auctions per year
Explanation: Under NC General Statutes Chapter 85B, persons acting under court orders (such as sheriffs, trustees in bankruptcy, or other court-appointed officers) are typically exempt from auctioneer licensing requirements. These sales are conducted under judicial authority.
7In North Carolina, operating as an auctioneer without a valid license is a:
A.Civil infraction with a $50 fine
B.Misdemeanor under NC law
C.Warning offense for the first occurrence
D.Federal violation
Explanation: Under NC General Statutes Chapter 85B, conducting auctions without a valid auctioneer license is a misdemeanor in North Carolina. Violators may face criminal penalties including fines and potentially imprisonment, in addition to any civil liability.
8The NC Auctioneer Licensing Board has the authority to take which of the following disciplinary actions?
A.Impose prison sentences on auctioneers
B.Suspend, revoke, or refuse to renew an auctioneer's license
C.Garnish an auctioneer's wages
D.File criminal charges directly
Explanation: The NC Auctioneer Licensing Board has administrative authority to suspend, revoke, or refuse to renew an auctioneer's license for violations of Chapter 85B or Board rules. The Board does not have criminal prosecution authority; that rests with the district attorney's office.
9Under North Carolina law, what must an auctioneer do with auction proceeds?
A.Deposit them in a personal savings account
B.Maintain them in a trust or escrow account separate from personal funds
C.Hold them in cash at the auction facility
D.Immediately wire them to the seller
Explanation: North Carolina requires auctioneers to maintain auction proceeds in a trust or escrow account that is separate from the auctioneer's personal or business operating funds. Commingling auction proceeds with personal funds is a violation of NC law and Board rules.
10Which of the following is a ground for denial of an auctioneer license application in North Carolina?
A.The applicant is not a North Carolina resident
B.The applicant has been convicted of a crime involving fraud or dishonesty
C.The applicant has no prior auction experience
D.The applicant is over 60 years old
Explanation: A conviction for a crime involving fraud, dishonesty, or moral turpitude is grounds for denial of an auctioneer license in North Carolina. The Board considers criminal history as it relates to the applicant's fitness to serve in a position of financial trust.

About the NC Auctioneer Exam

The North Carolina auctioneer licensing exam is administered in-house by the NC Auctioneer Licensing Board. The exam is scored out of 100 points with a passing score of 75%. Candidates have 1 hour to complete the exam, which covers conduct of auctions, auctioneering ethics, contract drafting, bid calling, basic math, advertising, settlement statements, and NC laws and rules. The exam is offered 6 times per year.

Questions

100 scored questions

Time Limit

1 hour

Passing Score

75%

Exam Fee

$50 (NC Auctioneer Licensing Board)

NC Auctioneer Exam Content Outline

25%

NC Laws & Rules

North Carolina General Statutes Chapter 85B, NC Auctioneer Licensing Board rules, licensing requirements, exemptions, prohibited practices, and disciplinary actions

15%

Conduct of Auctions

Bid calling techniques, opening bids, bid increments, auction pacing, bid acceptance and rejection, dispute resolution, and auction-day logistics

15%

Auctioneering Ethics

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

15%

Contract Drafting

Auction contracts, consignment agreements, terms and conditions of sale, buyer-seller contracts, and legally binding auction terms

10%

Advertising

NC advertising compliance, required disclosures in auction ads, truth-in-advertising, reserve/absolute terminology, and Board advertising rules

10%

Settlement Statements & Basic Math

Commission calculations, settlement statements, buyer premiums, sales tax computations, trust account reconciliation, and disbursement math

10%

Bid Calling & Auction Management

Bid calling techniques, chant development, filler words, number delivery, crowd management, and practical auction skills

How to Pass the NC Auctioneer Exam

What You Need to Know

  • Passing score: 75%
  • Exam length: 100 questions
  • Time limit: 1 hour
  • Exam fee: $50

Keys to Passing

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

NC Auctioneer Study Tips from Top Performers

1Focus on NC General Statutes Chapter 85B and the NC Auctioneer Licensing Board rules — these make up the largest portion of the exam
2Practice settlement statement calculations including commissions, buyer premiums, taxes, and disbursements since math questions require accuracy under time pressure
3Study contract drafting essentials including required terms of sale, consignment agreement components, and legally binding auction language
4Master the ethics rules including fiduciary duties, shill bidding prohibitions, trust account requirements, and disclosure obligations under NC law
5Review NC-specific advertising requirements including mandatory disclosures, license number display, and auction type terminology rules

Frequently Asked Questions

How many questions are on the North Carolina auctioneer exam?

The NC auctioneer exam is scored out of 100 points. You must score at least 75 out of 100 to pass. The exam is administered in-house by the NC Auctioneer Licensing Board and you have 1 hour to complete it.

How often is the NC auctioneer exam offered?

The North Carolina auctioneer licensing exam is offered 6 times per year by the NC Auctioneer Licensing Board. The exam fee is $50. Check with the Board for specific scheduled dates.

What topics does the NC auctioneer exam cover?

The exam covers conduct of auctions, auctioneering ethics, contract drafting, bid calling, basic math, advertising rules, settlement statements, and North Carolina laws and rules governing auctioneers under NC General Statutes Chapter 85B.

What are the requirements to become a licensed auctioneer in North Carolina?

North Carolina requires candidates to pass the state auctioneer exam with a 75% score, pay the $50 exam fee, meet minimum age requirements, and submit an application to the NC Auctioneer Licensing Board. Additional requirements may include education or apprenticeship hours.