Pennsylvania Auctioneer Practice Exam

What is trotting?

1. Price enhancing technique to stimulate bidding

2. Illegal technique to deceive bidders

3. Legitimate way to manage auctions

4. Auctioneer's strategy to end the auction quickly

The correct answer is: Illegal technique to deceive bidders

Trotting is not a legitimate way to manage auctions. It is an illegal technique used by dishonest bidders to deceive others and manipulate the final bid. Options A, C, and D are incorrect because they present false strategies that are not ethical or allowed in auctions. A price enhancing technique and an auctioneer's strategy should aim to increase the value of the item being sold, not deceive bidders. Additionally, ending the auction quickly is not a valid reason for trotting as it undermines the fairness and transparency of the bidding process. Thus, option B is the most accurate explanation as it highlights the unethical and illegal nature of trotting in auctions.