How long does a seller have from the auction date to request information about the buyers and purchases made?

Prepare for the North Carolina Auctioneer Test. Practice with multiple choice questions, each offering hints and explanations. Ace your exam with confidence!

The correct timeframe for a seller to request information about buyers and purchases made at an auction is 90 days. This period is established to allow sellers adequate time to review the auction process and gather necessary details regarding the buyers who participated and the specific items that were purchased. By extending this duration to 90 days, the law ensures that sellers have a sufficient window to understand the transaction and ensure that everything pertaining to their sale is transparent and accessible. This practice supports good business relationships and helps sellers feel secure in knowing they can retrieve important information if needed after the auction event.

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