Auctioneer's Role, Techniques, and Legalities, Exams of Public Health

Download Auctioneer's Role, Techniques, and Legalities and more Exams Public Health in PDF only on Docsity! what is the most important tool of the auctioneer? - ANSWER-- product knowledge what is the trademark of the auctioneer? - ANSWER--chant who is accountable and accepts ultimate responsibility of at the auction? - ANSWER--the auctioneer when selling personal property at auction, when does the legal title pass? - ANSWER--fall of the hammer how do you handle a tie bid that occurs at hammer's fall? - ANSWER--at the discretion of the auctioneer how are disputes handled? - ANSWER-- 1.recognize 2. make a decision 3. act on it 4. move on what is the importance of the opening talk? - ANSWER--take control- terms and conditions what items must be covered in the opening talk before bidding begins? - ANSWER--terms and conditions of the sale what should an auctioneer not do while selling on the block? - ANSWER-- criticize, condemn and complain what is the best personal property chant? - ANSWER--few filler words what is trotting? - ANSWER--price enhancing technique used by an auctioneer who has no bid or few and lower bids then wanted. Auctioneer pretends that they have other bids to stimulate the bidding by legitimate bidders- It is illegal River Valley Schools what were the subjects of the earliest oil paintings? - ANSWER-- landscapes from the Hudson if a painting were advertised as "bears signature", what is the meaning? - ANSWER--in an experts opinion, it might or may be the work of... what and where is the oldest auction house in america? - ANSWER-- Philadelphia (Freemans) US customs classifies an antique as how old? - ANSWER--100 years of age at the time of importation who was Wallace Nutting? What is he most noted for? - ANSWER--US minister, photographer, antiquarian, artist and furniture maker. Most noted for his landscape photos of New England. He helped spur the Colonial Revival Style. how are oriental carpets named? - ANSWER--city, region or tribe which created them, knots per square inch what does patina mean? - ANSWER-- age worn finish, sheen produced by age, wear and polishing Hummel is famous for what product? - ANSWER--porcelain figurines what is the most recent form of collectable glass? - ANSWER-- pressed glass how are most furniture styles named? - ANSWER--Named for a prominent designer at a particular time period what is furniture called when it is between two famous time periods? - ANSWER--Transitional what is the period of furniture with a cabriole leg? - ANSWER-- Queen Anne period in America, known also as the "cabriole leg" period what is the period of furniture with a ball and claw foot? - ANSWER--Chippendale what period of furniture is famous for inlay? - ANSWER-- Hepplewhete, an inlay means a chisel or puzzle Correctly list the chronological ages of Chippendale, Empire, Hepplewhite, Queen Anne, Duncan Phyfe, Eastlake, Victorian. - ANSWER--1. Queen Anne, 2. Chippendale, 3. Hepplewhite (Federal), 4. Duncan Phyfe, 5. Empire, 6. Victorian, 7. Eastlake What is Pennsylvania House? - ANSWER--High-end, fine furniture Advertising collectibles were manufactured and given as what? - ANSWER--Premiums (promotional items, tokens, proof of purchase or prizes) transferability What is a tax lien? What is an encumbrance? What are enabling acts? - ANSWER--Chase on a piece of property, a tax lien burden, state acts that are set what does intestate mean? - ANSWER-- die without a will what does testate mean? - ANSWER-- die with a will what does escheat mean? - ANSWER-- when a person dies and all their belongings go to the state/government what is involuntary alienation? - ANSWER--force to title transfer what is a fee simple estate? Name the forms - ANSWER--highest form of ownership, most complete form of ownership; Absolute When a person dies testate, when does legal title to personal and real property take place? - ANSWER--time after death is a will always valid? - ANSWER--yes, unless it is challenged what are the legal requirements of a will? - ANSWER--sound mind, 16 years of age, proper wording, no influence, witnesses, what are enablements? - ANSWER-- growing crops e.g. corn what is an easement? how is an easement created? terminated? - ANSWER--right of privilege, written agreement, abandoned/no purpose what are riparian rights? - ANSWER-- water rights list the four components of an "arm's length transaction" - ANSWER--no undo influence, duress, exposed, aware, unusual Name four methods of title transfer - ANSWER--voluntary alienation, involuntary alienation, by will, by decent what do the five lights at car auctions mean - ANSWER--red- "as is", green- some buyer protection as to its condition, yellow- certain conditions announced prior to sale, blue- title absent list the three physical characteristics of land - ANSWER-- immovable, cannot destroy, unique what is the definition of value - ANSWER--present worth of a future benefit name the three classes of depreciation -