CAR DEALER LICENSE TEST BRAND NEW VERIFIED QUESTIONS WITH ANSWERS.

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CAR DEALER LICENSE TEST BRAND NEW
VERIFIED QUESTIONS WITH ANSWERS.



Auto brokers must do which of the following
a. Limit deposits to 2.5% of the purchase price, and all deposits in
a separate trust account
b. Use any deposits received to pay the broker - correct answer -
a. Limit deposits to 2.5% of the purchase price, and all deposits in
a separate trust account




Which of the following is not required to transfer a vehicle
a. Endorsed Certificate of Ownership
b. A report of prior service records for the vehicle since new
c. Odometer mileage reading
d. Smog Certificate - correct answer -b. A report of prior service
records for the vehicle since new




Which of the following must sign the Certificate of Ownership?
a. The legal owner
b. The registered owner
c. The transferee

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




Registration fees are due at the time of the retail sale where
a. The registration will expire within 30 days of the date of sale
b. The registration has already expired
c. Registration fees are always due at the time of sale
d. Both A & B - correct answer -d. Both A & B




If the registration of a vehicle expires while a vehicle is in the
dealer's inventory, is the dealer responsible for paying late
registration penalties
a. Yes
b. Sometimes
c. No - correct answer -c. No




A dealer shall submit a registration application and fees to DMV
within how many days of the date of sale?
a. 10
b. 20
c. 30
d. 40 - correct answer -c. 30