UPDATED VERSION QUESTIONS AND ANSWERS
If the Board of Equalization revokes or suspends your Seller's Permit, what is the result? a.
Cancellation of Dealer's License
b. Automatic Revocation of Seller's Permit
c. Revocation or suspension of the Dealer's License
a. Cancellation of Dealer's License
Every Dealer must notify DMV of the effective day of change of ownership: a.
10 days prior to effective date
b. Within 5 days prior to effective date
c. Within 15 days
d. Within 20 days
a. 10 days prior to effective date
Every Dealer must notify DMV of the effective day of the change of location: a.
Immediately
b. Within 5 days
c. Within 10 days
d. Within 20 days
a. Immediately
A dealer may obtain a branch location outside his established place of business. How many
display places for vehicles does he need to maintain branch location. a ................................ 6
b .......................................................................................................................................... 7
c. 2
, c. 2
You have passed the inspection and are ready to sell vehicles. Which of the following are true
regarding your established place of business?
a. The display area must be clearly for the exclusive use of the Dealer for display
purposes only even if you have no vehicles on the lot
b. The dealer must erect permanent signs at each location that can withstand climatic
effects and be readable within 50 feet.
c. The sign must have an area of not less than 2 square feet per side displayed and
contain lettering not less than 6 inches in size. d. All of the above
d. All of the above
How many days does the dealer to report to the DMV the employment or termination of an
employee? a. 10 days
b. 5 days
c. 15 days
d. 20 days
a. 10 days
On a consignment, how many days after the date of sale does the dealer have to make
account of all transactions and pay the agreed amount to consignor? a. 5 days
b. 10 days
c. 15 days
d. 20 days
d. 20 days
In advertising, a dealer must identify his herself by: a.
Slogan name or Business License Name
b. License number
c. Address