Wholesale Dealer Exam CA questions with correct answers

Wholesale Dealer Exam CA questions with
correct answers


Dealers must keep books and records for how many years?
- ...,.🔹VERIFIED ANSWER **✔✔4 years


DMV registration fees are due when? - ...,.🔹VERIFIED ANSWER
**✔✔Registration will expire within 30 days


The maximum amount a dealer can charge a customer for smog is:
- ...,.🔹VERIFIED ANSWER **✔✔$50


Failing to submit a Transfer/Registration application to DMV
within 30 days will result in which of the following?
- ...,.🔹VERIFIED ANSWER **✔✔Administrative Service Fee and
DMV Transfer Penalty Fee


Dealers may charge up to this amount for document preparation
fees: - ...,.🔹VERIFIED ANSWER **✔✔$70




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, What is required for a retail vehicle transfer? - ...,.🔹VERIFIED
ANSWER **✔✔Smog inspection, Vehicle title, Transmittal of
Registration Applications (FO247), Company check to pay
registration fees


If a dealer accepts a vehicle as a trade-in and later finds it was
reported stolen, what must the dealer do? - ...,.🔹VERIFIED
ANSWER **✔✔Give the vehicle back to the rightful owner


All dealers must have a display area except: - ...,.🔹VERIFIED
ANSWER **✔✔Wholesale only dealers


It is OK for dealers to sell a vehicle with the odometer
malfunctioning. - ...,.🔹VERIFIED ANSWER **✔✔False


When an odometer is replaced, repaired, or serviced, the dealer
must: - ...,.🔹VERIFIED ANSWER **✔✔Attach a warning label on
the vehicle's left door frame


It is OK to sell a vehicle without providing the buyer with a vehicle
history report. - ...,.🔹VERIFIED ANSWER **✔✔False




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