Virginia sales license test questions and answers

Virginia sales license test questions and answers 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 A new motor vehicle is defined as one which - ANSWER --has not been previously titled -has less than 7500 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: - ANSWER -A certificate of registration The following must be licensed to engage in business in Virginia - ANSWER -- motor vehicle dealer -motor vehicle distributor or manufacturer -motor vehicle salesperson No salesperson shall be employed by more than one dealer unless the dealerships are owned by the same person partnership or corporation - ANSWER -True Each dealership must post a list of salespersons that work there - ANSWER -True Salespersons must carry their license at all times and show it when asked - ANSWER -True Temporary certificates of ownership issued by dealers must contain - ANSWER - -date of issuance -name and addresses of purchaser -the temporary plate number and vehicle identification number If you do not renew your salespersons license by the expiration date - ANSWER - You can not operate until a new license is obtained If a salesperson is found guilty of violating one or more of the provisions of the Virginia dealers laws the motor vehicle board May after following the prescribed procedures - ANSWER -Assess a civil penalty on the salesperson of up to 1000 per violation Refuse to renew the salespersons license Revoke/suspend the salespersons license If a customer wishes to demonstrate a vehicle in the inventory of the dealer - ANSWER -The salesperson must accompany the customer If not accompanied by the salesperson a form must be completed and carried by the respective purchaser during the test drive The motor vehicle transaction recovery fund - ANSWER -Is funded by dealers and salespersons The purpose of the motor vehicle transaction recovery fund - ANSWER -Is to satisfy unpaid judgements against a dealer or salesperson that has a defrauded purchaser If a salespersons license has been revoked as a result of failure to reimburse the motor vehicle transaction recovery fund - ANSWER -The salesperson must reimburse the fund plus eight percent interest before reapplying for a license A temporary certificate of ownership titled and registered in Virginia - ANSWER -Is issued when the vehicle title is not available at the time of sale Can only be issued for one thirty day period Temporary license plate - ANSWER -Should be destroyed after expiration or when permanent plates are issued Payments to individuals by a salesperson for procuring a customer for the sales person - ANSWER -Can result in a civil penalty or suspension of the salespersons license Used vehicles in the inventory of a dealer that do not have a Virginian inspection sticker - ANSWER -Cannot be operated on the highway except to an inspection station Applications taxes and fees collected for the department of motor vehicles on behalf of the buyer must be submitted to that agency within - ANSWER -30 days If a vehicle is Registered in Virginia and the owner does not have liability insurance the penalty is an uninsured motorist fee of - ANSWER -$500