Midway through a Brisbane auction, an onlooker asks the auctioneer the name of bidder number 12. What may the auctioneer do?
Correct Answer
C) Decline, as bidders must not be identified during the auction
Queensland guidance says the auctioneer must not identify any bidder during the auction. After the auction a bidder may be identified only to help finalise the sale, or otherwise only to an inspector or a court. Bidders are registered before the auction and given an identifying marker such as a numbered card.
Why This Is the Correct Answer
Queensland auctioneers must not identify bidders during the auction.
Why the Other Options Are Wrong
Background Knowledge for Ethics Compliance
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At a Townsville auction, bidding has just reached the reserve. The auctioneer then calls one more announced vendor bid to push it higher. What is the legal status of that bid?
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Queensland's chief executive reasonably believes an agent made a misleading representation in marketing a property, and gives written notice asking for written proof. How long must the notice allow?