CALIFORNIA DEALER LICENSE TEST QUESTIONS WITH CORRECT ANSWERS

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CALIFORNIA DEALER LICENSE TEST
QUESTIONS WITH CORRECT
ANSWERS



Which of the following are true regarding the Report of Sale(ROS)?

a. Dealer has 5 days to submit the bottom portion Report of Sale (not counting

the date of sale)

b. If late, dealer must pay $5.00 ASF penalty

c. Dealer must display bottom portion of ROS on Customer vehicle before delivery

d. All of the above - correct-answer -d. All of the above




Which of the following are true regarding the Vehicle title and Transfer fees?

a. Transfer fees are $15.00

b. If late, dealer must pay $5 ASF penalty

c. All of the above - correct-answer -C. All of the above

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An unwind usually results from the dealer's failure to obtain financing for the

customer from a lending institution.

a. True

b. False - correct-answer -A. true




If the purchaser overpays the dealer an amount for the licensing or transfer of the

title of vehicle other than actual amount due, the dealer may:

a. Keep the overpayment as part of down payment

b. Dealer may never keep overpayment and must return it to customer - correct-

answer -b. Dealer may never keep overpayment and must return it to customer




The Federal Buyers Guide must be displayed on the side windows of the vehicle

so that both sides of the label can be read. It must be signed on the back by the

customer.

a. True

b. False - correct-answer -a. True