CALIFORNIA DEALER 2025
LICENSE EXAM
ANSWER ALL QUESTIONS IN THIS SECTION
QUESTION 1
When a dealer places an ad, the license plate or how many of the VIN must be
used in the ad ? - ANSWERS-Last 6
QUESTION 2
When a dealer sells a vehicle, how much time is allowed to make notification to
remove the ad? - ANSWERS-48 hours
QUESTION 3
When a dealer hires or fires a vehicle salesperson how much time is allowed to
notify DMV? - ANSWERS-10 days
QUESTION 4
How often must the license be renewed with the DMV? - ANSWERS-Every 2
years
END OF
PAGE 1
, CALIFORNIA DEALER 2025
LICENSE EXAM
QUESTION 5
How much bond is required for retail sales? - ANSWERS-$50,000
QUESTION 6
How much bond is required for wholesale? - ANSWERS-Varies by sales volume
QUESTION 7
When may a lesser bond of $ 10,000. be allowed? - ANSWERS-Wholesale < 25/
year
QUESTION 8
How much grace time is allowed for license or bond renewal? - ANSWERS-None
QUESTION 9
How often must the dealer attend training for license renewal? - ANSWERS-Every
2 years
END OF
PAGE 2
, CALIFORNIA DEALER 2025
LICENSE EXAM
QUESTION 10
Who should attend training for license renewal? - ANSWERS-Owner
QUESTION 11
When may a class exemption be granted? - ANSWERS-Wholesale < 50/ year
QUESTION 12
If not the owner, who is required to attend training for license renewal? -
ANSWERS-Manager with Salesperson License
QUESTION 13
Which item is required in your sales office? - ANSWERS-Locked Cabinet
QUESTION 14
Who must post a valid resale permit from the board of equalization? - ANSWERS-
Every Dealer
END OF
PAGE 3
, CALIFORNIA DEALER 2025
LICENSE EXAM
QUESTION 15
Which of the following must be displayed in a retail location? - ANSWERS-Dealer
license, Inspection of vehicle notice, and No cooling off/ cancellation option
notices
QUESTION 16
Where are you to hold the blank report of sale forms? - ANSWERS-Locked
Cabinet
QUESTION 17
What must the dealer post when a salesperson is hired? - ANSWERS-Sales Person
License
QUESTION 18
How soon must the dealer notify DMV when a salesperson is hired or fired? -
ANSWERS-Notify DMV within 10 days
END OF
PAGE 4
LICENSE EXAM
ANSWER ALL QUESTIONS IN THIS SECTION
QUESTION 1
When a dealer places an ad, the license plate or how many of the VIN must be
used in the ad ? - ANSWERS-Last 6
QUESTION 2
When a dealer sells a vehicle, how much time is allowed to make notification to
remove the ad? - ANSWERS-48 hours
QUESTION 3
When a dealer hires or fires a vehicle salesperson how much time is allowed to
notify DMV? - ANSWERS-10 days
QUESTION 4
How often must the license be renewed with the DMV? - ANSWERS-Every 2
years
END OF
PAGE 1
, CALIFORNIA DEALER 2025
LICENSE EXAM
QUESTION 5
How much bond is required for retail sales? - ANSWERS-$50,000
QUESTION 6
How much bond is required for wholesale? - ANSWERS-Varies by sales volume
QUESTION 7
When may a lesser bond of $ 10,000. be allowed? - ANSWERS-Wholesale < 25/
year
QUESTION 8
How much grace time is allowed for license or bond renewal? - ANSWERS-None
QUESTION 9
How often must the dealer attend training for license renewal? - ANSWERS-Every
2 years
END OF
PAGE 2
, CALIFORNIA DEALER 2025
LICENSE EXAM
QUESTION 10
Who should attend training for license renewal? - ANSWERS-Owner
QUESTION 11
When may a class exemption be granted? - ANSWERS-Wholesale < 50/ year
QUESTION 12
If not the owner, who is required to attend training for license renewal? -
ANSWERS-Manager with Salesperson License
QUESTION 13
Which item is required in your sales office? - ANSWERS-Locked Cabinet
QUESTION 14
Who must post a valid resale permit from the board of equalization? - ANSWERS-
Every Dealer
END OF
PAGE 3
, CALIFORNIA DEALER 2025
LICENSE EXAM
QUESTION 15
Which of the following must be displayed in a retail location? - ANSWERS-Dealer
license, Inspection of vehicle notice, and No cooling off/ cancellation option
notices
QUESTION 16
Where are you to hold the blank report of sale forms? - ANSWERS-Locked
Cabinet
QUESTION 17
What must the dealer post when a salesperson is hired? - ANSWERS-Sales Person
License
QUESTION 18
How soon must the dealer notify DMV when a salesperson is hired or fired? -
ANSWERS-Notify DMV within 10 days
END OF
PAGE 4
