Exam (elaborations)
DEALER TEST QUESTIONS AND ANSWERS 2024
- Course
- Institution
DEALER TEST QUESTIONS AND ANSWERS 2024
[Show more]
Content preview
DEALER TESTThe DMV fees due on the retail ROS must be posted within how many calendar
days to avoid a $25 ASF? - ANSWERS-50 days
The documents on the retail ROS must be posted within how many calendar days
to avoid a $ 5 ASF? - ANSWERS-30 days
What must the dealer submit with every retail sale? - ANSWERS-REG 262 (bill of
sale)
What must the dealer do if he collects too much money from the buyer? -
ANSWERS-Return the excess
What does the Federal Division 12 rules for retail delivery require? - ANSWERS-
Implied Warranty
What does compliance with the Federal Division 12 rules for retail delivery
certify? - ANSWERS-Minimum safety standard has been met
What of the following is the renewal Ilicense fee? - ANSWERS-$125
What of the following is the branch location fee? - ANSWERS-$70
,How soon must the dealer notify DM when there is a change of dealer
ownership? - ANSWERS-10 days prior to sale
How soon must the dealer notify DMV when there is a change of dealer
ownership involving a corporation? - ANSWERS-30 days prior to sale
What of the following is the corporate change fee?. - ANSWERS-$70
What color is a valid resale permit from the board of equalization? - ANSWERS-
Goldenrod
In a mixed use setting, what else is required for retail display area? - ANSWERS-
Clearly marked space
How soon must the retail dealer pay the buyer when he sells a consigned vehicle?
- ANSWERS-Pay within 20 days
What is required on the back side of the buyer's guide? - ANSWERS-Contact name
and phone
What is the maximum the dealer can charge for document preparation? -
ANSWERS-$55
,What is the penalty the dealer faces for excessive fees for smog inspection? -
ANSWERS-Unenforceable contract
What items must the dealer charge sales tax upon? - ANSWERS-Price of
accessories, Price of the vehicle, Document Prep Fee
What must the dealer create and have in his office with every sale? - ANSWERS-
Jacket
The dealer must hold ROS forms in his office for how long? - ANSWERS-4 years
In what order must the dealer use ROS forms? - ANSWERS-Numerical Order
The temporary memo regarding DMV fees due on the retail ROS allows posting
within how many business days to avoid a $ 5 ASF ? - ANSWERS-30 days
What of the following ASF penalties carry a $25 fine? - ANSWERS-Title application
& corrections not cleared in 50 days
What must the dealer do with the temporary operating permit? - ANSWERS-Place
in any window visible from outside the vehicle
What must the dealer do for DMV compliance if he is sells a vehicle for out of
state delivery? - ANSWERS-Secure one way vehicle permit OR preregister vehicle
, What must the dealer charge for one way trip permkt when selling a car for O/S
delivery? - ANSWERS-$19
What is the minimum time allowed for the contract cancellation option? -
ANSWERS-48 hours
Who must be offered the contract cancellation option? - ANSWERS-Every retail
buyer w/ cash price less than 40k
What is the maximum contract cancellation option fee a dealer may charge for a $
28,000 vehicle? - ANSWERS-$250
When may the option fee be waived? - ANSWERS-Anytime at the dealers
discretion
What is the minimum allowable miles if the buyer purchases the cancellation
option? - ANSWERS-250
What is the maximum total option and restocking fee allowed? - ANSWERS-$500
What is the definition of a full refund? - ANSWERS-total price minus option and
restocking fee
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Teacher101. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $17.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75323 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now