FL Auctioneer study guide
FL Auctioneer · Work through your exam, one topic at a time.
The Florida Auctioneer license is issued by the Board of Auctioneers within the Florida Department of Business and Professional Regulation (DBPR). It authorizes a person to call bids and conduct auctions in Florida; related credentials include the Auctioneer Apprentice license (for people training under a licensed auctioneer) and the Auction Business license (for sole proprietorships, partnerships, or corporations that arrange, manage, sponsor, advertise, promote, or carry out auctions). First-time applicants apply through an initial-license-by-examination route - either based on education or based on apprenticeship - while out-of-state auctioneers may pursue reciprocity or endorsement, and military personnel, veterans, and military spouses have dedicated application paths. The examination itself is delivered in a computer-based testing (CBT) format through the department's vendor, Pearson VUE, and candidates must be approved to sit before scheduling. The FL Auctioneer study guide has 4 sections and about 1,100 words.
01Auctioneering Principles, Practices, and Bid Calling
An auction is a public, competitive sale in which an auctioneer invites bids and awards property to the highest bidder on the seller's terms. Master three moving parts: the seller's terms (reserve, absolute, buyer's premium, as-is), the bidders' conduct, and the auctioneer's call.
283 words, about 1 min02Florida Statutes and Board Rules Governing Auctioneers
Florida regulates auctioneers under Chapter 468, Part VI, Florida Statutes, administered by the Board of Auctioneers within the Department of Business and Professional Regulation (DBPR). Board rules appear in Chapter 61G2, Florida Administrative Code.
285 words, about 1 min03Auction Business Operations, Contracts, and Recordkeeping
Before the auction, the auctioneer and seller should sign a written contract. Typical required terms: identification of the auctioneer/business and seller; date, time, and place; description of property; commission and how computed; terms of sale (reserve or absolute, buyer's premium, deposit, closing date); who pays advertising and expenses; and signatures.
263 words, about 1 min04Ethics, Fiduciary Duties, and Escrow/Closing Responsibilities
The auctioneer is the seller's agent and owes loyalty, obedience to lawful instructions, disclosure of material facts, confidentiality, reasonable care, and a full accounting. When the auctioneer also acts for the buyer, disclose it in writing and obtain consent.
269 words, about 1 min