Auctioneer Practice Exam 2025 – 400 Free Practice Questions to Pass the Exam

A buyer might opt for absentee bidding primarily to place bids without having to be present at the auction in person. This method allows bidders the convenience of participating in auctions from a remote location, thus eliminating the need for travel and the time commitment associated with attending the event live. Absentee bidding often involves submitting proxy bids ahead of the auction, allowing buyers to still compete for items they are interested in, even if they cannot physically attend.

The other options present scenarios that do not accurately capture the essence of absentee bidding. For instance, while absentee bidding could afford some time for decision-making, it primarily focuses on remote participation rather than extending time during the auction itself. Similarly, absentee bidding does not inherently minimize competition among bidders; rather, it allows those unable to attend in person to still engage in the bidding process. Lastly, the idea that absentee bidding results in lower fees is not a defining characteristic of this practice, as fees may vary based on the auction house and their specific policies, regardless of the bidding method used.