Car Dealer License Test Questions and Answers Latest Updated 2024 (Graded A+)

Car Dealer License Test Questions and Answers Latest Updated 2024 (Graded A+) When the odometer past 99,999 miles on a 5 digit odometer, a dealer must? Advise the buyer and mark the 262 form as "exceeds the mechanical limits" Which of the following is a correct statement of the law with regard to smog checks: A dealer must have a smog check for every vehicle offered for sale to the public Your occupational license will be automatically canceled without a hearing if: Your sellers permit is revoked You have a bond reduction You take your make sign down and relinquish your office When is a Federal Buyers Guide Required to be display? Whenever the vehicle is being display for sale in the dealers display area How much is the vehicle transfer fee, on a California registered vehicle Car Dealer License Test Questions and Answers Already Passed Latest Updated 2024 (Graded A+) $15 dlls When is a retail dealer required to maintain a vehicle display area? At all times while licensed How many hours does a dealer have to notify the advertiser, in writing that a vehicle has been sold or withdrawn? 48 hours When is it proper to reset an odometer? Never If you are an autobroker, then you must also be licensed as a? Dealer When you are a dealer selling a car to a retail customer, when is it proper for the dealer to allow the customers to obtain a smog certificate of their own? Never If a dealer is suspected of viloating th laws that regulate dealers, wich of the following actions may be taken against the dealer? Administrative hearing Possible prosecution by the District Attorney Civil Action for money damages How many days after a vehicle is sold does a dealer have to pay the cosignor (person you sold the car for) 20 Days What would be an exception to the no cooling off period In the event of fraud or where the seller agrees to cancel the sale What is a conditional sales contract? A contract where the sale is conditioned upon the buyer obtaining financing and where a lien is created Which document is used to account for the total cost and terms of payments? The conditional sales contract When is it proper for a dealer to give a report of sale to another? Never What is the minimum size for a main sign for a retail dealer? 2 square feet Which of the following things must a dealer have? Sign with the dealership name and address An office for the use of the dealer Display area for the display of cars If a dealer plans on changing the location of his established place of business, when is it required to notify the DMV? immediately When is a dealer, who sells a vehicle that has a title branded SALVAGE, required to disclose the status of the title to the retail customer? Before the sale of the vehicle Which is the main body of law used to regulate dealers? The vehicle code What will happen if a dealer unkowingly buys a stolen car? The dealer will have to return the car to the rightful owner How much is the most that can be charged for a document preparation fee? $45 Before you can apply for your dealer license, you need to get a resale permit (sellers permit) from where? The state board of equalization What is required in an auto dealers advertisement for a vehicle for sale? Make and model EMAIL ME: EMAIL ME: VIN Dealership name When is it acceptable to keep excess registration fees paid by the customer? Never Which of the following persons must have a salespersons license at an auto delareship? Salesperson