Pennsylvania Auctioneer Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Study for the Pennsylvania Auctioneer Exam. Prepare with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

Start Multiple Choice Practice Test
Start Flash Cards

Practice this question and more.

What is a fast knock?

  1. Excitement stimulation technique

  2. Legal way to increase auction speed

  3. First bidder recognition strategy

  4. Illegal way to end auctions

The correct answer is: Legal way to increase auction speed

A fast knock is a legal way to increase auction speed. In auction terminology, a "knock" refers to the action taken by the auctioneer to close the bidding on an item and declare it sold to the highest bidder. A "fast knock" is when the auctioneer quickly concludes the bidding process to keep the auction moving at a brisk pace. It helps maintain the momentum of the auction and ensures that items are sold efficiently without unnecessary delays.

More Questions Like This