Virginia Salesperson's License Study Guide Solutions

Virginia Salesperson's License Study Guide Solutions What is the penalty for violating the disclosure provisions of the Virginia Dealer Licensing Act's "As Is" law? A. A $1,000 fine. B. The customer may return the vehicle. C. A 10 day suspension of the dealer's license. D. Both A and B above. - ANSWER-D. Both A and B above Vehicles can be sold in Virginia "As Is" if A. A Buyers Guide is completely filled out, signed, and dated by the buyer. B. The dealer provides the buyer, prior to the sale, a separate written disclosure as to the effect of an "As Is" sale. C. A disclosure is printed on the front of the buyers order. D. All of the above. - ANSWER-D. All of the above. A vehicle must be inspected A. Between the time it comes into a dealer's inventory and the time it is sold at retail. B. Unless it has a current inspection sticker. Copyright © KAYLIN 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED FIRST PUBLISH NOVEMBER, 2024 Copyright ©Stuvia International BV Page 2/28 C. Unless it has more than six months remaining on the current inspection. D. None of the above. - ANSWER-A. 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 A. The dealer cannot deliver the vehicle to a retail customer. B. The dealer may bring it into compliance. C. 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. D. Either B or C above. - ANSWER-D. Either B or C above. A dealer licensed as a franchise or independent dealer may buy and sell motorcycles, trailers and motor homes if they have the proper A. Endorsement issued by the Board. B. License issued by MVDB. C. $25,000 bond. D. None of the above. - ANSWER-B. License issued by MVDB. A second set of temporary tags may be issued to a customer if A. The title is not available at the end of the first 30-day period. B. All paper work is submitted to DMV along with an explanation as to why a second set needs to be issued. Copyright © KAYLIN 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED FIRST PUBLISH NOVEMBER, 2024 Copyright ©Stuvia International BV Page 3/28 C. All required fees are submitted to the Department of Motor Vehicles. D. The vehicle is to be titled and registered out of state. E. All of the above. - ANSWER-E. All of the Above When issuing temporary license plates, the dealer A. May only charge the customer double the cost of the plates to the dealer. B. May not charge the customer a fee for the plates. C. May not charge the customer more than the fee charged the dealer for the plates. - ANSWER-C. May not charge the customer more than the fee charged the dealer of the plates Temporary transport plates may be issued for no more than A. 5 days. B. 10 days. C. 15 days. D. 30 days - ANSWER-A. 5 days. Temporary transport plates may be used to A. Transport parts to customers. B. Transport vehicles from auctions or other points of purchase or sale. C. Transport customers from the dealership to their desired destination. D. All of the above. - ANSWER-B. Transport vehicles from auctions or other points of purchase or sale. Copyright © KAYLIN 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED FIRST PUBLISH NOVEMBER, 2024 Copyright ©Stuvia International BV Page 4/28 True or False: A salesperson's "certificate of qualification" must be obtained before applying for a salesperson's license. - ANSWER-True Penalties for violating provisions of the statutes pertaining to motor vehicle salespersons include A. A fine of not more than $1,000 per violation. B. Suspension of the license. C. Revocation of the license. D. All of the above. - ANSWER-D. All of the above. A new motor vehicle is defined as one which A. Has not been previously titled. B. Has less than 7,500 miles on the odometer. C. Has a manufacturer's certification that is conforms to federal saf