Dmv dealer license - Study guides, Class notes & Summaries

The National Motor Vehicle Title Information System requires which of the following? a. All warranty agreements be sent to DMV b. All vehicles have a Car Fax c. A red warning decal be placed on vehicles with branded titles d. Both A and Bc. A red warning decal be placed on vehicles with branded titles When a dealer sells a vehicle that was consigned to them to sell, they must: a. Provide the seller an accounting and payment within 20 days of the sale b. Test drive it before agreeing to se...

Car Dealer License Test EXAM AND PRACTICE EXAM NEWEST ACTUAL EXAM COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+ The national Motor Vehicle Title information System requires which of the following? a. All warranty agreements be sent to DMV b. All vehicles have a Car Fax c. A red warning decal be placed on vehicles with branded titles d. Both A & B - CORRECT ANSWER c. A red warning decal be placed on vehicles with branded titles when a dealer s...

DMV Dealer Pre-License Training Exam

______________of the Division of Motor Vehicles (DMV) is responsible for licensing salespeople in Wisconsin. Correct Answer dealer and agent section ____________ for getting a license include that you: - Are 18 years old -Agree to act in good faith as a salesperson - Are familiar with motor vehicle sales, lease, and contract laws Correct Answer general requirements _______means two or more licensed dealership locations that share the same majority ownership. Correct Answer dealership ...

DMV Salesperson Practice Exam Questions and Answers 100% Pass What is the penalty for violating the disclosure provisions of the Virginia Dealer Licensing Act's "As Is" law? A $1,000 civil penalty The customer may return the vehicle Vehicles can be sold in Virginia "As Is" if: A Buyers Guide is completely filled out, signed, and dated by the buyer. The dealer provides the buyer, prior to the sale, a separate written disclosure as to the effect of an "As Is" sale. A disclosure is prin...

Three of the following types of motor vehicles are exempt from the truth in mileage act. ~Vehicles 10 years old or older ~Vehicles having a gross empty weight more than 10,000 lbs ~Vehicles not self propelled (Trailers) The definition of a used motor vehicle dealer or used dealer includes which of the following? Any person who attempts to make profit lease or sale of a used vehicle The Motor Vehicle Board is authorized and empowered to: All Of The Above ~Amend and repea...

A buyer whose manufactured/ mobile home has been repossessed and has been properly notified of the dealer's intent to resell the unit may exercise the right to reclaim the unit up to the 15th day after receiving notice: A. if the contract balance is paid in full B. if collection costs incurred by the dealer are paid in full C. if any delinquent fees are paid in full D. all the above are true and may be required - D. all the above are true and may be required A cause for the department to...

Virginia Salesperson's License Study Guide What is the penalty for violating the disclosure provisions of the Virginia Dealer Licensing Act's "As Is" law? A. A $1,000 fine. B. The customer may return the vehicle. C. A 10 day suspension of the dealer's license. D. Both A and B above. - Answer ️️ -D. Both A and B above Vehicles can be sold in Virginia "As Is" if A. A Buyers Guide is completely filled out, signed, and dated by the buyer. B. The dealer provides the buyer, prior t...

Three of the following types of motor vehicles are exempt from the truth in mileage act. ~Vehicles 10 years old or older~Vehicles having a gross empty weight more than 10,000 lbs~Vehicles not self propelled (Trailers) The definition of a used motor vehicle dealer or used dealer includes which of the following? a person who attempts to negotiate a sale or lease of a used motor vehicle or powersports vehicle with the intent to make a profit or gain The Motor Vehicle Board is author...

Three of the following types of motor vehicles are exempt from the truth in mileage act. ~Vehicles 10 years old or older~Vehicles having a gross empty weight more than 10,000 lbs~Vehicles not self propelled (Trailers) The definition of a used motor vehicle dealer or used dealer includes which of the following? a person who attempts to negotiate a sale or lease of a used motor vehicle or powersports vehicle with the intent to make a profit or gain The Motor Vehicle Board is authorized and e...