Dmv dealer license - Study guides, Class notes & Summaries

Virginia Salesperson's License Study Guide (2024/2024) Rated A+ 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...

Virginia sales license test questions and answers What is the penalty for violating the disclosure provisions of the virginia dealer licensing act's "as is" law? - ANSWER ️️ -a 1000 civil penalty -the customer may return the vehicle Vehicles can be sold in Virginia "as is" if - ANSWER ️️ -a buyers guide is completely filled out signed and dated by the buyer The dealer provides the buyer, prior to sale, a separate written disclosure as to effect of an "as is" sale A vehicle must b...

State of Colorado Sales License Test (2023/2024) 100% Pass 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 pro...

DMV Dealer License Test Questions with Complete Solutions

DMV Dealer License Test Exam Set Questions With Revised Correct Answers What is the basic DMV transfer fee to transfer the title into the buyer's name? - ANSWER $15.00 If the buyer defaults on a Conditional Sales Contract, the dealer may, subject to proper notification to the buyer: a. Accelerate the amount do b. Repossess vehicle c. Sell the vehicle d. All of the above - ANSWER d. All of the above Which of the following are taxable in a vehicle sales transa...

DMV Dealer License Test-Answered 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 B - ANSWER ️️ c. 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 day...

Car Dealer License Test with correct Answers 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 - ANSWER ️️ c. 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 with...

DMV Dealer License Test

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 B - ️️c. 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...

DMV Dealer License Test