A license goes unrenewed. After how long past the expiration date must the person pass the written examination before a license is issued?KRS 330.060(5)
A licensed auctioneer with no real estate broker's license is asked to auction a farm. What does KRS 330.032 allow?KRS 330.032
A licensee places a license in escrow with the board. What does KRS 330.070(10) still require for each renewal period?KRS 330.070(10)
A principal auctioneer already keeps an escrow account as a licensed real estate broker. What does KRS 330.030(4)(b) provide?KRS 330.030(4)(b)
A released apprentice must affiliate with a new principal auctioneer within how long?KRS 330.070(9)(b)
A Tennessee auctioneer applies for a Kentucky license. What consent must be filed with the application under KRS 330.060(6)?KRS 330.060(6)
After notice of passing the examination, within how long must the applicant apply for initial licensure?KRS 330.060(3)(e)
An applicant cannot attend the scheduled examination. What happens to the examination fee under KRS 330.060(3)?KRS 330.060(3)
An apprentice applies to become a principal auctioneer. How much approved classroom instruction does KRS 330.070(1)(d) call for?KRS 330.070(1)(d)
An apprentice leaves a principal auctioneer's employment. What is the principal's immediate duty under KRS 330.070(9)(a)?KRS 330.070(9)(a)
Show all 133 questions (123 more)
License law: who needs a license, continued
An auction house operator already holds an auctioneer license. What does KRS 330.030(3)(b) say about an operator license?KRS 330.030(3)(b)
An auction school student may call bids without a license on at most how many items or lots in a 24-hour period?KRS 330.040(1)(e)
Before suing in a Kentucky court for compensation, what must a person acting as a licensee first prove under KRS 330.190(1)?KRS 330.190(1)
Besides the 100 percent rule, which condition does KRS 330.040(1)(d) set for an exempt charity auction?KRS 330.040(1)(d)
The board sues to enjoin an unlicensed auction business. What daily civil penalty may it recover under KRS 330.990(2)?KRS 330.990(2)
Every auctioneer must keep a definite place of business in Kentucky. Whom does KRS 330.100(1) excuse?KRS 330.100(1)
For a charity auction to be exempt under KRS 330.040(1)(d), what share of the net proceeds must be donated to the organization?KRS 330.040(1)(d)
How does KRS 330.020(8) describe an escrow account?KRS 330.020(8)
How long must an apprentice serve in Kentucky before applying for an auctioneer license under KRS 330.070(1)(b)?KRS 330.070(1)(b)
How old must an applicant for a Kentucky auction license be under KRS 330.060(1)(a)?KRS 330.060(1)(a)
How tall, at the least, must the letters be on the sign at an auction house's outside entrance?KRS 330.100(2)
KRS 330.020(3) defines an auction as a method of sale, lease or exchange by which kind of bids?KRS 330.020(3)
One operator conducts three auction houses. What does KRS 330.030(3)(c) require?KRS 330.030(3)(c)
The principal auctioneer's signed statement must verify that the apprentice actively and materially took part in at least how many auctions?KRS 330.070(1)(c)
Under KRS 330.020(2), which act is outside an apprentice auctioneer's authority?KRS 330.020(2)
Under KRS 330.020(5), whom must an auction house operator retain for all auctions at the auction house?KRS 330.020(5)
What caps does KRS 330.070(6) put on the fees the board may set by regulation?KRS 330.070(6)
What is a limited livestock auctioneer limited to under KRS 330.020(9)?KRS 330.020(9)
What is the penalty for a first offense of engaging in auction activities without a license?KRS 330.990(1)
What must every licensee carry while performing auctioneering tasks, to be shown on request?KRS 330.070(8)(c)
What name does KRS 330.010 give Chapter 330?KRS 330.010
What pre-license classroom instruction does KRS 330.060(1)(d) require for an apprentice auctioneer or auction house operator license?KRS 330.060(1)(d)
When do all licenses issued under Chapter 330 expire?KRS 330.070(6)(a)
When is a sealed bidding procedure a "sealed bid auction" under KRS 330.020(13)?KRS 330.020(13)
Which bid caller is exempt from licensing under KRS 330.040(1)(c)?KRS 330.040(1)(c)
Which condition must be met before a nonresident receives a Kentucky auctioneer license without examination under KRS 330.095(1)?KRS 330.095(1)(a)
Which establishment is NOT an "auction house" under KRS 330.020(4)(b)?KRS 330.020(4)
Which local taxes or licenses may a city impose on a licensee under KRS 330.200?KRS 330.200
Who may rely on the owner exemption in KRS 330.040(1)(b)?KRS 330.040(1)(b)
Who must bring a suit to recover a commission earned by an apprentice auctioneer from a seller?KRS 330.190(2)
Within how many days must a licensee give the board written notice of a change of principal business location or residence address?KRS 330.070(11)
The board, fees and education 16
A member is appointed to the Board of Auctioneers. For how long does KRS 330.050(1) say the term runs?KRS 330.050(1)
The FBI background check sent with an initial license application must have been completed within how many days before the application?831 KAR 1:010, Section 1
For how many consecutive years, at most, may a member serve on the board?KRS 330.050(4)(c)
For which change does 831 KAR 1:010, Section 5 charge no fee?831 KAR 1:010, Section 5
The Governor appoints the Board of Auctioneers. How many members does KRS 330.050(1) give it?KRS 330.050(1)
How many course hours of continuing education must a licensee attend on or before May 31 of each license year?831 KAR 1:030, Section 4
How often, at the least, must a licensee attend the Kentucky Auction Core Course?831 KAR 1:030, Section 4
Of the 80 hours required for a principal auctioneer license, up to how many may be approved distance learning?831 KAR 1:030, Section 3
What does KRS 330.050(4)(a) say about where board members live?KRS 330.050(4)(a)
What fee does a licensee remit to stay active after missing the continuing education deadline of May 31?831 KAR 1:010, Section 2
What is the initial license fee for a new applicant under 831 KAR 1:010?831 KAR 1:010, Section 1
What recovery fee is assessed for each license per year under 831 KAR 1:010, Section 6?831 KAR 1:010, Section 6
Which does NOT qualify for continuing education credit under 831 KAR 1:030, Section 5?831 KAR 1:030, Section 5
Which event removes a board member automatically under KRS 330.050(9)(h)?KRS 330.050(9)(h)
Who is exempt from the Kentucky Auction Core Course requirement?831 KAR 1:030, Section 4
Within how many days of a course ending must an approved provider send the board a roster of attendees?831 KAR 1:030, Section 1
Auction types, bidding and the sale 20
A bidder retracts a bid before the sale is announced complete. What happens to the earlier bids under KRS 355.2-328(3)?KRS 355.2-328(3)
A Kentucky auction offers a farm in five parcels. How does KRS 330.220(1) treat each parcel?KRS 330.220(1)
A tractor carries a bank lien. Under KRS 330.220(3)(a), which step lets it be sold at absolute auction?KRS 330.220(3)(a)
An heir of a deceased owner wants to bid at the absolute auction that settles the estate. What does KRS 330.220(4)(c) say?KRS 330.220(4)(c)
At a reserve auction the seller bids without any notice that such bidding was reserved. What may the buyer do under KRS 330.220(6)(c)?KRS 330.220(6)(c)
At an absolute auction, when may a lot be withdrawn after the auctioneer has called for bids on it?KRS 330.220(5)(a)
The auctioneer and a ringman acknowledge the same bid from two different bidders as the bidding closes. What may the auctioneer do under KRS 330.220(2)?KRS 330.220(2)
Bidding at a Kentucky reserve auction passes the seller's reserve. What does KRS 330.220(6)(d) say about announcing it?KRS 330.220(6)(d)
The gavel is coming down on a $900 bid when a bidder shouts $950. Under KRS 355.2-328(2), what are the auctioneer's choices?KRS 355.2-328(2)
How must each lot be sold at an auction of horses under KRS 330.210(1)(b)?KRS 330.210(1)(b)
May an absolute auction be advertised with a suggested starting bid?KRS 330.220(7)(a)
Nothing is announced about reserve at a Kentucky auction. What does KRS 330.220(5)(a) presume?KRS 330.220(5)(a)
What intention must exist, at advertising and at the auction, for a sale to be offered as absolute under KRS 330.220(3)(b)?KRS 330.220(3)(b)
What must the auction listing contract for an absolute auction contain under KRS 330.220(3)(c)?KRS 330.220(3)(c)
When may a licensee bid on his or her own behalf at an auction, under KRS 330.220(6)(a)?KRS 330.220(6)(a)
When may a reserve auction be advertised with a minimum starting bid under KRS 330.220(7)(b)?KRS 330.220(7)(b)
When may the auctioneer set reasonable minimum bid increments under KRS 330.220(5)(b)?KRS 330.220(5)(b)
Which agency issues the special temporary license that lets a licensed auctioneer auction alcoholic beverages?KRS 330.215
Who adjudicates claims and disputes over auctions conducted in Kentucky under KRS 330.100(3)?KRS 330.100(3)
Who may bid at an absolute auction under KRS 330.220(4)(a)?KRS 330.220(4)(a)
Auction advertising 11
An "Estate Auction" has 80 percent of its lots from the estate. What must the advertising clearly indicate under KRS 330.230(7)(b)?KRS 330.230(7)
An auction is held at an auction house run by a licensed operator. What must its advertising include?KRS 330.230(1)
For a "Seized Property Auction", for whom must the qualifying property be offered under KRS 330.230(5)?KRS 330.230(5)
To be advertised as "Court Ordered", at least what share of the items or lots must be offered under court order?KRS 330.230(3)
What makes property part of a "living estate" under KRS 330.230(8)?KRS 330.230(8)
What must any advertising for an auction include under KRS 330.230(1)?KRS 330.230(1)
What must the advertising of a "Bankruptcy Auction" clearly include under KRS 330.230(4)(a)?KRS 330.230(4)
What must the advertising of a "Court Ordered" auction contain besides meeting the 75 percent rule?KRS 330.230(3)
When are directional signs excused from carrying the managing principal auctioneer's name?KRS 330.230(1)
Where must the existence and amount of a buyer's premium be disclosed under KRS 330.230(2)?KRS 330.230(2)
Which horse-auction rule does KRS 330.210(2) set aside from the rest of Chapter 330?KRS 330.210(2)
Listing contracts, escrow and settlement 14
A seller's goods are split across two auctions. After the first, what notice does 831 KAR 1:020, Section 1 require?831 KAR 1:020, Section 1
The board asks a licensee for clerking records and escrow account information. Within how long must they be delivered?KRS 330.110(1)(o)
By when must a licensee have a binding written auction listing contract with the seller?KRS 330.110(1)(l)
KRS 330.110(1)(n) counts the records period from final settlement. How long is it?KRS 330.110(1)(n)
One seller has personal property and real property in the same auction. The personal property proceeds may wait for the real property closing if it occurs within how long?831 KAR 1:020, Section 2
Other than at settlement, how may escrow funds be withdrawn under 831 KAR 1:020, Section 3(4)?831 KAR 1:020, Section 3
Personal property proceeds are not paid to the seller on auction day. By when must they be in an auction escrow account?831 KAR 1:020, Section 1
Under 831 KAR 1:020, proceeds from a sale of personal property must be disbursed to the seller no later than how long after the auction?831 KAR 1:020, Section 1
What must a licensee give every person who consigns personal property for auction?KRS 330.110(1)(m)
When may an auctioneer withdraw the money due to him or her from the auction escrow account?831 KAR 1:020, Section 3
Which depositories must auctioneers and auction firms use for escrow accounts under 831 KAR 1:020?831 KAR 1:020, Section 3
Which handling of sale money is a ground for discipline under KRS 330.110(1)(e)?KRS 330.110(1)(e)
Which record is on the list in KRS 330.110(1)(n)?KRS 330.110(1)(n)
Who must receive copies of the written instruments a licensee prepares, and when?KRS 330.110(1)(i)
Discipline and the recovery fund 21
A licensee receives a written admonishment. What may the licensee do within 30 days under KRS 330.120(3)?KRS 330.120(3)
A violation is found, but the amount the aggrieved party lost is in dispute. Who determines the damages under KRS 330.192(3)(a)?KRS 330.192(3)(a)
After a license is revoked, how long must pass before the person may be issued another license?KRS 330.170(1)
After an investigation the board finds a violation that was not of a serious nature. What may it do under KRS 330.120(3)?KRS 330.120(3)
An auctioneer's license is revoked. What happens to the licenses of the apprentices he or she employs?KRS 330.170(2)
The board pays a claim from the recovery fund. What happens to the license of the licensee responsible?KRS 330.192(3)(c)
For how long, at most, may the board suspend a license under KRS 330.110(1)?KRS 330.110(1)
How does KRS 330.192(5) describe the recovery fund?KRS 330.192(5)
How must a complaint against a licensee be filed under 831 KAR 1:020, Section 4(3)?831 KAR 1:020, Section 4
To which court may an aggrieved party appeal a final order under KRS 330.130(3)?KRS 330.130(3)
What is the most the board may fine a licensee in a year for any single incident or complaint?KRS 330.110(1)
What is the most the board may pay an aggrieved party from the recovery fund against any one licensee?KRS 330.192(2)(a)
What may the board do when a violation is alleged that warrants emergency action under KRS 330.110(2)?KRS 330.110(2)
What minimum must the board maintain in the auctioneer's education, research, and recovery fund for recovery and guaranty purposes?KRS 330.192(2)(b)
What must a complaint against a licensee state under KRS 330.115(1)?KRS 330.115(1)
Which act by an apprentice auctioneer is a ground for discipline under KRS 330.110(1)(d)?KRS 330.110(1)(d)
Which address must every licensee maintain and provide to the board under 831 KAR 1:020, Section 4(7)?831 KAR 1:020, Section 4
Which conviction is a ground for discipline under KRS 330.110(1)(g), once appeals are over?KRS 330.110(1)(g)
Which failure by a principal auctioneer does KRS 330.110(1)(p) name?KRS 330.110(1)(p)
Within how long of the act that caused the loss must a claim on the recovery fund be submitted to the board?KRS 330.192(3)(e)
Within how many days of receiving a complaint must the licensee return the completed answer form?KRS 330.115(2)
Auction math 10
A 126-acre farm sells at auction for $4,250 an acre. What is the total price?Worked arithmetic on the figures in the question
A commission is 20 percent on the first $1,000 of a sale and 10 percent on the rest. The sale brings $7,500. What is the commission?Worked arithmetic on the figures in the question
A court enjoins an unlicensed seller and the board recovers the civil penalty of $50 per day for 12 days of violation. How much is the penalty?KRS 330.990(2), with arithmetic
A dealer paid $8,000 for a tractor and nets $9,200 for it at auction. What is the percent of profit on cost?Worked arithmetic on the figures in the question
A principal auctioneer earns 10 percent on a $22,000 sale and pays the apprentice 40 percent of that commission. What does the apprentice receive?Worked arithmetic on the figures in the question
An auction grosses $36,000. The contract gives the auctioneer 15 percent and charges the seller $850 for advertising and $400 for labor. What is the net to the seller?Worked arithmetic on the figures in the question
An auction of 240 lots is to be advertised as "Court Ordered". At least how many of the lots must be offered under court order?KRS 330.230(3), with arithmetic
An auctioneer charges a 12 percent commission. The auction grosses $48,500. What is the commission?Worked arithmetic on the figures in the question
The terms of a Kentucky auction carry a 15 percent buyer's premium. A saddle sells on a $1,800 bid. What does the buyer owe before any tax?Worked arithmetic on the figures in the question
Three heirs own a farm in equal shares. It brings $291,000 and the sale expenses are $21,000. What does each heir receive?Worked arithmetic on the figures in the question
How this list was compiled: Kentucky Revised Statutes Chapter 330 (the Auctioneers License Law of 1962), KRS 330.010 to 330.990, and KRS 355.2-328 (sale by auction), read on October 15, 2026 on the Legislative Research Commission's statute pages (https://apps.legislature.ky.gov/law/statutes/chapter.aspx?id=38868); and 831 KAR 1:010, 1:020 and 1:030, the Board of Auctioneers' administrative regulations, read the same day (https://apps.legislature.ky.gov/law/kar/titles/831/001/). The examination's sections, question counts, time and pass marks are from the Kentucky Board of Auctioneers' Examination Study Guide, updated March 30, 2026 (https://auctioneers.ky.gov/Documents/Exam%20Study%20Guide%20KBA%20-%20Updated%20March%2030%202026.pdf). Each law question names its section or regulation and links to it; each math question is arithmetic on the numbers it gives. Licence: Own work. Every question, wrong choice and explanation was written for this site from the text of the statutes and regulations, and the math questions use made-up figures. Nothing comes from the state examination, the sample questions in the board's study guide, a testing service, a prep course or an exam question pool.
How it works
This unofficial Kentucky auctioneer license practice test asks 133 of our own questions on KRS Chapter 330, the Board of Auctioneers' regulations, the sale by auction statute and auction math. Not affiliated with the Kentucky Board of Auctioneers.
Read the full guide
What the Kentucky auctioneer exam asks
The board's Examination Study Guide, updated March 30, 2026, splits the auctioneer exam into 100 questions on law and general subjects, 10 on mathematics, 20 on an auction listing contract form, 20 on a closing statement and 10 on opening and closing remarks.
What is left out
The contract form, closing statement and remarks questions are set on papers printed in the exam, and sales tax and terminology rest on the study guide, not on a statute. They are not asked. Settlement arithmetic is.
Where the answers come from
KRS 330.010 to 330.990, KRS 355.2-328 and 831 KAR 1:010 to 1:030, read on the Legislative Research Commission's pages on October 15, 2026.
A binding written listing contract comes before any advertising or offering of the property (KRS 330.110(1)(l)).
An auction is presumed to be with reserve unless the property is offered absolute in explicit terms (KRS 330.220(5)).
Proceeds not paid on auction day go into escrow within three banking days (831 KAR 1:020, Section 1).
Questions and answers
How many questions are on the Kentucky auctioneer exam?
160 for the auctioneer license, in three hours, by the Kentucky Board of Auctioneers' study guide. They carry 100 points and 75 points pass. The apprentice exam is 150 questions with the same 75-point mark.
How do you get an auctioneer license in Kentucky?
Be 18 with a high school diploma or equivalent, hold a Kentucky apprentice license for one year, take part in at least 10 auctions, complete 80 hours of approved instruction and pass the examination (KRS 330.060, 330.070).
Do you need a license to be an auctioneer in Kentucky?
Yes. Advertising or acting as an auctioneer or apprentice without a board license is unlawful. Exceptions include an individual selling property he or she owns and did not buy for resale, and unpaid charity auctions of donated goods (KRS 330.030, 330.040).
When does a Kentucky auctioneer license expire?
On June 30 of each even-numbered year. A license renewed within six months after that date pays a late fee, and after six months the written examination is required again (KRS 330.060, 330.070).