DMV Salesperson Practice Exam Questions and Answers Best rated A+ Guaranteed Success Latest Update 2024

What is the penalty for violating the disclosure provisions of the Virginia Dealer Licensing Act's "As Is" law? - A $1,000 civil penalty The customer may return the vehicle Vehicles can be sold in Virginia "As Is" if: - A Buyers Guide is completely filled out, signed, and dated by the buyer. The dealer provides the buyer, prior to the sale, a separate written disclosure as to the effect of an "As Is" sale. A disclosure is printed on the front of the buyers order. A vehicle must be inspected: - Between the time it comes into a dealer's inventory and the time it is sold at retail. If a vehicle does not pass inspection: - The dealer may bring it into compliance. The dealer may deliver the vehicle with a valid rejection sticker and a written disclosure, which may be in the form of an official inspection receipt. A dealer licensed as a franchise or independent dealer may buy and sell motorcycles, trailers and motor homes if they have the proper: - License issued by DMV. A second set of temporary tags may be issued to a customer if: - The title is not available at the end of the first 30-day period. The vehicle is to be titled and registered out of state.All paper work is submitted to DMV along with an explanation as to why a second set needs to be issued. All required fees are submitted to the Department of Motor Vehicles. When issuing temporary license plates, the dealer: -May not charge the customer more than the fee charged the dealer for the plates. Temporary transport plates may be issued for no more than: - 5 days. Temporary transport plates may be used to: - Transport vehicles from auctions or other points of purchase or sale. A salesperson's "certificate of qualification": - Must be obtained before applying for a salesperson's license. Penalties for violating provisions of the statutes pertaining to motor vehicle salespersons include: - A civil penalty of not more than $1,000 per violation. Suspension of the license. Revocation of the license. A new motor vehicle is defined as one which: - Has not been previously titled. Has less than 7,500 miles on the odometer. Any person who is licensed in another state of the United States as a motor vehicle dealer may sell vehicles at wholesale auctions in Virginia only after obtaining a: - Certificate of registration.The following must be licensed to engage in business in Virginia: - Motor Vehicle Dealer. Motor Vehicle Distributor or Manufacturer. Motor Vehicle Salesperson. TRUE / FALSE: