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

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What does the term "online auction bidding" refer to?

Bidding conducted in person only

Bidding conducted over the internet, allowing remote participation from anywhere

Online auction bidding refers to the process of placing bids on items through an internet platform, which allows individuals to participate from virtually any location. This method provides a flexible and accessible way for potential buyers to engage in bidding without the need to be physically present at an auction site. Participants can submit their bids in real-time or through proxy bidding systems, enabling them to compete for items even when they are far away from the auction venue.

This modern auction format has grown in popularity due to advancements in technology and the convenience it offers. Unlike traditional bidding methods that require physical presence or specific bidding hours, online auctions break down those barriers, creating a broader marketplace for both sellers and buyers.

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Bidding that is only available during business hours

Bidding that requires the use of physical paddles

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