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100+ Free NH Auctioneer Practice Questions

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

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A bidder at a New Hampshire auction raises their paddle after the auctioneer calls an increment. This action constitutes:

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

Key Facts: NH Auctioneer Exam

75%

Passing Score

NH Board

$75

Exam Fee

NH Board

100 Q

Practice Questions

OpenExamPrep

4x/year

Exam Frequency

NH Board

7

Content Areas

NH Board

New Hampshire requires auctioneers to pass a written exam through the NH Board of Auctioneers with a 75% passing score. The exam is offered quarterly and costs $75. It tests NH-specific auction law (including RSA 358-A consumer protection), UCC provisions, trust account management, and fiduciary duties.

Sample NH Auctioneer Practice Questions

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

1Under New Hampshire law, who is responsible for administering the licensing of auctioneers in the state?
A.NH Department of Revenue Administration
B.NH Board of Auctioneers
C.NH Secretary of State
D.NH Department of Justice
Explanation: The NH Board of Auctioneers is the regulatory body responsible for administering auctioneer licensing in New Hampshire. The Board sets licensing requirements, administers examinations, and enforces professional standards for auctioneers operating within the state.
2What is the minimum passing score required on the New Hampshire auctioneer licensing exam?
A.65%
B.70%
C.75%
D.80%
Explanation: Candidates must achieve a minimum score of 75% to pass the New Hampshire auctioneer licensing exam. This threshold ensures that licensed auctioneers have adequate knowledge of auction law, procedures, and ethics before conducting auctions in the state.
3How often is the New Hampshire auctioneer licensing exam administered?
A.Monthly
B.Twice per year
C.4 times per year
D.On demand
Explanation: The NH auctioneer licensing exam is administered 4 times per year (quarterly). Candidates must plan their exam preparation around these scheduled testing windows and submit their applications in advance of their preferred exam date.
4What is the exam fee for the New Hampshire auctioneer licensing exam?
A.$50
B.$75
C.$100
D.$125
Explanation: The New Hampshire auctioneer licensing exam fee is $75. This fee must be submitted with the application and is typically non-refundable. Candidates should verify the current fee with the NH Board of Auctioneers as fees may change.
5In New Hampshire, what type of auction allows the seller to reject the highest bid?
A.Absolute auction
B.Reserve auction
C.Dutch auction
D.Sealed-bid auction
Explanation: In a reserve auction, the seller retains the right to accept or reject any bid, including the highest one. The auctioneer announces the auction as 'with reserve' and the property is not obligated to sell. In contrast, an absolute auction requires the property to sell to the highest bidder regardless of price.
6Under New Hampshire auction regulations, what must an auctioneer disclose if they have a personal interest in the property being auctioned?
A.Nothing, as long as they are licensed
B.Only to the highest bidder after the sale
C.The interest must be disclosed to all bidders before the auction begins
D.Only to the NH Board of Auctioneers
Explanation: New Hampshire law requires auctioneers to disclose any personal interest in the property being auctioned to all potential bidders before the auction begins. This disclosure requirement ensures transparency and prevents conflicts of interest that could undermine the fairness of the auction process.
7What is the legal term for a bid placed by the auctioneer or someone acting on behalf of the seller to drive up the price artificially?
A.Phantom bid
B.Shill bid
C.Reserve bid
D.Opening bid
Explanation: A shill bid is a fraudulent bid placed by the auctioneer, the seller, or an agent of either party to artificially inflate the price. Shill bidding is illegal under New Hampshire law and violates the duty of good faith owed to bidders. It can result in license revocation and civil liability.
8Under UCC Article 2, when does title to goods pass from seller to buyer at an auction?
A.When the buyer signs the contract
B.When the auctioneer announces 'sold'
C.Upon the fall of the hammer or other customary manner
D.When the buyer makes full payment
Explanation: Under UCC Article 2-328, in an auction sale, title passes to the buyer upon the fall of the hammer or in any other customary manner of indicating the completion of the sale. This moment creates a binding contract between the seller and the highest bidder.
9What is the primary fiduciary duty an auctioneer owes to the seller who has hired them?
A.Duty of profit maximization
B.Duty of loyalty
C.Duty of convenience
D.Duty of marketing
Explanation: The primary fiduciary duty an auctioneer owes to their principal (the seller) is the duty of loyalty. This means the auctioneer must act in the best interest of the seller, avoid conflicts of interest, maintain confidentiality, and not place their own interests above those of their principal.
10In New Hampshire, an auctioneer's license must be renewed by what means?
A.It is a lifetime license
B.By completing continuing education and paying the renewal fee
C.By retaking the licensing exam every 5 years
D.By submitting a letter of recommendation
Explanation: New Hampshire auctioneer licenses are not permanent and must be renewed periodically. Renewal typically requires completing any required continuing education, paying the renewal fee, and meeting the Board's current requirements. Failure to renew results in an expired license.

About the NH Auctioneer Exam

The New Hampshire Licensed Auctioneer exam is administered by the NH Board of Auctioneers. It covers New Hampshire auction law, general auctioneering principles, contract law, ethics, principal-agent relationships, advertising rules, and financial math. The exam is offered 4 times per year.

Questions

80 scored questions

Time Limit

2 hours

Passing Score

75%

Exam Fee

$75 (NH Board of Auctioneers)

NH Auctioneer Exam Content Outline

20%

NH Auction Laws & Regulations

NH Board of Auctioneers authority, licensing requirements, RSA 358-A consumer protection, disciplinary actions, and record-keeping obligations

17.5%

Contract Law

UCC Article 2 auction provisions, statute of frauds, offer and acceptance, warranties, and title transfer at auction

15%

Auction Ethics

Shill bidding prohibitions, disclosure requirements, conflict of interest rules, misrepresentation, and professional conduct

15%

Auction Procedures

Reserve vs. absolute auctions, bid calling, bid increments, settlement procedures, online auctions, and clerk duties

12.5%

Law of Principal & Agent

Agency relationships, fiduciary duties (loyalty, obedience, accounting, disclosure, confidentiality), authority types, and liability

10%

Financial Math & Accounting

Commission calculations, buyer's premium, settlement statements, trust account management, tax computations, and reconciliation

10%

Advertising Rules

Required disclosures in ads, truth-in-advertising, license number display, reserve/absolute terminology, and NH advertising compliance

How to Pass the NH Auctioneer Exam

What You Need to Know

  • Passing score: 75%
  • Exam length: 80 questions
  • Time limit: 2 hours
  • Exam fee: $75

Keys to Passing

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

NH Auctioneer Study Tips from Top Performers

1Focus on New Hampshire-specific auction law including RSA 358-A (Consumer Protection Act) and the NH Board of Auctioneers regulations
2Master UCC Article 2-328 auction provisions including the distinction between reserve and absolute auctions and when title transfers
3Practice commission and settlement calculations — be able to compute buyer's premium, seller's net proceeds, and tax amounts quickly
4Study all five fiduciary duties: loyalty, obedience, accounting, disclosure, and confidentiality
5Review NH advertising requirements including mandatory license number disclosure and truth-in-advertising standards

Frequently Asked Questions

How many questions are on the New Hampshire auctioneer licensing exam?

The NH auctioneer exam covers auction law, ethics, contract law, and general auctioneering principles. You must score at least 75% to pass. The exam is administered by the NH Board of Auctioneers and is offered 4 times per year.

What are the requirements to become a licensed auctioneer in New Hampshire?

New Hampshire requires candidates to pass the written auctioneer licensing exam with a 75% score, pay the $75 exam fee, and meet any additional Board requirements including background checks and bonding. Applicants must also demonstrate knowledge of NH auction law and general auctioneering principles.

What topics does the NH auctioneer exam cover?

The exam covers seven content areas: NH auction laws and regulations, contract law (including UCC provisions), auction ethics, auction procedures, law of principal and agent, financial math and accounting, and advertising rules. NH-specific laws like RSA 358-A consumer protection are heavily tested.

How often is the New Hampshire auctioneer exam offered?

The NH auctioneer licensing exam is offered 4 times per year (quarterly). Candidates should submit their applications well in advance of their preferred testing date and plan their study schedule around the quarterly testing windows.