TEXAS AUCTIONEER LICENSE PART 1 EXAM WITH VERIFIED SOLUTIONS

TEXAS AUCTIONEER LICENSE PART 1 EXAM WITH VERIFIED SOLUTIONS
Question 1: Does an auctioneer need a federal firearms license?
CORRECT ANSWER: Yes AND No; if estate sale then no,
consignment sale then yes
Question 2: If an auctioneer sales a firearm away from their
business location, how do they transfer to buyer?
CORRECT ANSWER: It must be returned to their business
location before transferring.
Question 3: Who determines the auctioneers fee in federal
bankruptcy court?
CORRECT ANSWER: The court sets the fee.
Question 4: Who must obtain a firearms license?
CORRECT ANSWER: Persons in the business of importing,
manufacturing, or dealing in firearms, or importing or
manufacturing ammunition
Question 5: What is an antique?

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