SALES LICENSE FINAL PAPER UPDATED
COMPLETE QUESTIONS AND CORRECT
ANSWERS BUNDLED REVIEW GUIDE
●● 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 the sale, a separate written
disclosure as to the effect of an "As Is" sale.
- A disclosure is printed on the front of the buyers order.
●● A vehicle must be inspected:
Answer: - Between the time it comes into a dealer's inventory and the
time it is sold at retail.
●● If a vehicle does not pass inspection:
Answer: - The dealer may bring it into compliance.
- The dealer may deliver the vehicle with a valid rejection sticker and a
written disclosure, which may be in the form of an official inspection
receipt.
●● A dealer licensed as a franchise or independent dealer may buy and
sell motorcycles, trailers and motor homes if they have the proper:
,Answer: - License issued by MVDB.
●● A second set of temporary tags may be issued to a customer if:
Answer: - The title is not available at the end of the first 30-day period.
- The vehicle is to be titled and registered out of state.
- All paper work is submitted to DMV along with an explanation as to
why a second set needs to be issued.
- All required fees are submitted to the Department of Motor Vehicles
before authorization of temporary tags may be issued.
●● When issuing temporary license plates, the dealer:
Answer: - May not charge the customer more than the fee charged the
dealer for the plates.
●● Temporary transport plates may be issued for no more than:
Answer: - 5 days.
●● Temporary transport plates may be used to:
Answer: - Transport vehicles from auctions or other points of purchase
or sale.
●● A salesperson's "certificate of qualification":
Answer: - Must be obtained before applying for a salesperson's license.
, ●● Penalties for violating provisions of the statutes pertaining to motor
vehicle salespersons include:
Answer: - A civil penalty of not more than $1,000 per violation.
- Suspension of the license.
- Revocation of the license.
●● A new motor vehicle is defined as one which:
Answer: - Has not been previously titled.
- Has less than 7,500 miles on the odometer with a disclosure.
●● Any person who is licensed in another state of the United States as a
motor vehicle dealer may sell vehicles at Dealer Only wholesale
auctions in Virginia only after obtaining a:
Answer: - Certificate of registration.
●● The following must be licensed to engage in business in Virginia:
Answer: - Motor Vehicle Dealer.
- Motor Vehicle Distributor or Manufacturer.
- Motor Vehicle Salesperson.
COMPLETE QUESTIONS AND CORRECT
ANSWERS BUNDLED REVIEW GUIDE
●● 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 the sale, a separate written
disclosure as to the effect of an "As Is" sale.
- A disclosure is printed on the front of the buyers order.
●● A vehicle must be inspected:
Answer: - Between the time it comes into a dealer's inventory and the
time it is sold at retail.
●● If a vehicle does not pass inspection:
Answer: - The dealer may bring it into compliance.
- The dealer may deliver the vehicle with a valid rejection sticker and a
written disclosure, which may be in the form of an official inspection
receipt.
●● A dealer licensed as a franchise or independent dealer may buy and
sell motorcycles, trailers and motor homes if they have the proper:
,Answer: - License issued by MVDB.
●● A second set of temporary tags may be issued to a customer if:
Answer: - The title is not available at the end of the first 30-day period.
- The vehicle is to be titled and registered out of state.
- All paper work is submitted to DMV along with an explanation as to
why a second set needs to be issued.
- All required fees are submitted to the Department of Motor Vehicles
before authorization of temporary tags may be issued.
●● When issuing temporary license plates, the dealer:
Answer: - May not charge the customer more than the fee charged the
dealer for the plates.
●● Temporary transport plates may be issued for no more than:
Answer: - 5 days.
●● Temporary transport plates may be used to:
Answer: - Transport vehicles from auctions or other points of purchase
or sale.
●● A salesperson's "certificate of qualification":
Answer: - Must be obtained before applying for a salesperson's license.
, ●● Penalties for violating provisions of the statutes pertaining to motor
vehicle salespersons include:
Answer: - A civil penalty of not more than $1,000 per violation.
- Suspension of the license.
- Revocation of the license.
●● A new motor vehicle is defined as one which:
Answer: - Has not been previously titled.
- Has less than 7,500 miles on the odometer with a disclosure.
●● Any person who is licensed in another state of the United States as a
motor vehicle dealer may sell vehicles at Dealer Only wholesale
auctions in Virginia only after obtaining a:
Answer: - Certificate of registration.
●● The following must be licensed to engage in business in Virginia:
Answer: - Motor Vehicle Dealer.
- Motor Vehicle Distributor or Manufacturer.
- Motor Vehicle Salesperson.
