Car Dealer License Test Questions and Answers Updated 2024/2025 (Graded A+)

Car Dealer License Test Questions and Answers Updated 2024/2025 (Graded A+) 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while licensed How many hours does a dealer have to notify the advertiser, in writing that a vehicle has been sold or withdrawn? 48 hours When is it proper to reset an odometer?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