VIRGINIA SALES LICENSE/ VIRGINIA SALES LICENSE TEST QUESTIONS AND ANSWERS 2024 FINAL UPDATE|| ALREADY A+ GRADE

VIRGINIA SALES LICENSE/ VIRGINIA SALES LICENSE TEST QUESTIONS AND ANSWERS 2024 FINAL UPDATE|| ALREADY A+ GRADE The following must be licensed to engage in business in Virginia - ANSWER--motor vehicle dealer -motor vehicle distributor or manufacturer -motor vehicle salesperson What is the penalty for violating the disclosure provisions of the virginia dealer licensing act's "as is" law? - ANSWER--a 1000 civil penalty -the customer may return the vehicle Vehicles can be sold in Virginia "as is" if - ANSWER--a buyers guide is completely filled out signed and dated by the buyer The dealer provides the buyer, prior to sale, a separate written disclosure as to effect of an "as is" sale A vehicle must be inspected: - ANSWER-Between the time it comes into a dealer inventory and the time it is sold to retail If a vehicle does not pass inspection: - ANSWER--the dealer may bring it to 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: - ANSWER-License issued by MVDB A second set of temporary tags may be issued to a customer if: - ANSWER--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 dmv When issuing temporary license plates the dealer: - ANSWER-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: - ANSWER-Five days Temporary transport plates may be used to: - ANSWER-Transport vehicles from auction or other points of purchase or sale A salesperson "certificate of qualification": - ANSWER-Must be obtained before applying for a sales persons license Penalties for violating provisions of the statutes pertaining to motor vehicle salespersons include: - ANSWER--a civil penalty of not more than $1000 per violation -suspension of the license -revocation of the license