QUESTIONS AND CORRECT ANSWERS
A conditional Sales Contract contains which of the following?
a. Must be signed by both buyer and seller
b. Terms of financing must be disclosed
C. All of the above - CORRECT ANSWER✅✅✅C. All of the above
The maximum fee allowed for documentation preparation is:
a. $10
b. $25
c. $30
d. $65 - CORRECT ANSWER✅✅✅d. $65
The maximum fee allowed for smog is:
a. $15
b. $20
c. $30
d. $50 - CORRECT ANSWER✅✅✅d. $50
How many days does used vehicle dealer have to COMPLETE APPLICATION complete
application to the department from the date of sale?
a. 50
b. 30
c. 60
d. 20 - CORRECT ANSWER✅✅✅b. 30
How many days does used vehicle dealer have to CLEAR APPLICATION to the department
from the date of sale?
a. 20
, b. 30
c. 50
d. 60 - CORRECT ANSWER✅✅✅c. 50
All deals negotiated in Spanish require the dealer to provide a spanish language contract.
a. True
B. False - CORRECT ANSWER✅✅✅a. True
In advertising, a dealer must identify his herself by:
a. Slogan name or Business License Name
b. License number
c. Address - CORRECT ANSWER✅✅✅a. Slogan name or Business License Name
When a vehicle is sold prior to the expiration of the ad, the dealer has 48 hours to request (IN
WRITING) withdrawal of the vehicle ad or overprint the word "SOLD" over particular vehicle.
a. True
b. False - CORRECT ANSWER✅✅✅a. True
When Advertising, which of the following does the Dealer not have to disclose?
a. Vehicle Identification Number or License number
b. Total price
c. Statement "not including taxes, doc & smog fees, registration & CA tire fee
d. Color - CORRECT ANSWER✅✅✅d. Color
It is unlawful to violate any law prohibiting Bait and Switching Advertising: the practice of
advertising a low price with the intent to switch the consumer to a higher priced vehicle.
a. True
b. False - CORRECT ANSWER✅✅✅a. True