VA MOTOR VEHICLE DEALER SALESPERSON STUDY GUIDE WITH COMPLETE SOLUTIONS
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Course
SALES LICENSE
Institution
SALES LICENSE
VA MOTOR VEHICLE DEALER SALESPERSON STUDY GUIDE WITH
COMPLETE SOLUTIONS
Virginia law allows dealers to sell vehicles "As Is" if the following 3 items are in
place: - ANSWER ️️ (A) A Buyers Guide is completely filled out, signed, and
dated by the buyer.
(B) The dealer provides the buyer, pr...
VA MOTOR VEHICLE DEALER SALESPERSON STUDY GUIDE WITH COMPLETE SOLUTIONS Virginia law allows dealers to sell vehicles "As Is" if the following 3 items are in place: - ANSWER ✔️✔️(A) A Buyers Guide is completely filled out, signed, and dated by the buyer. (B) The dealer provides the buyer, prior to the sale, a separate written disclosure as to the effect of an "As Is" sale. (C) A disclosure is printed on the front of the buyers order. Under the Truth In Lending Act, what 3 things must be disclosed to the customer? - ANSWER ✔️✔️(A) Total number of payments. (B) Late payment pena lty. (C) Annual percentage rate. In general, a completed buyers order is legally binding when: - ANSWER ✔️✔️Both parties agree on a price and sign the buyers order. Name 3 key facts about a salesperson's license. - ANSWER ✔️✔️(A) No salesperson shall be employed by more than one dealer, unless the dealerships are owned by the same person, partnership or corporation. (B) Each dealership must post a list of the salespersons who work there. (C) Salespersons must carry their license at all times and show it w hen asked. Temporary transport plates may be issued for how many days? - ANSWER ✔️✔️5 days When is a Print on Demand (PoD) tag and temporary registration titled and registered in Virginia issued? - ANSWER ✔️✔️When the vehicle title is not available at th e time of sale. How long can a PoD tag and temporary registration titled and registered in Virginia can be issued? - ANSWER ✔️✔️Only one 30-day period.
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