Virginia Salesperson's License Study Guide with Complete Solutions

Virginia Salesperson's License Study Guide with Complete Solutions What is the penalty for violating the disclosure provisions of the Virginia Dealer Licensing Act's "As Is" law? A. A $1,000 fine. B. The customer may return the vehicle. C. A 10 day suspension of the dealer's license. D. Both A and B above. - Correct Answer D. Both A and B above Vehicles can be sold in Virginia "As Is" if A. A Buyers Guide is completely filled out, signed, and dated by the buyer. B. The dealer provides the buyer, prior to the sale, a separate written disclosure as to the effect of an "As Is" sale. C. A disclosure is printed on the front of the buyers order. D. All of the above. - Correct Answer D. All of the above. A vehicle must be inspected A. Between the time it comes into a dealer's inventory and the time it is sold at retail. B. Unless it has a current inspection sticker. C. Unless it has more than six months remaining on the current inspection. D. None of the above. - Correct Answer A. Between the time it comes into a dealer's inventory and the time it is sold at retail If a vehicle does not pass inspection A. The dealer cannot deliver the vehicle to a retail customer. B. The dealer may bring it into compliance. C. 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. D. Either B or C above. - Correct Answer D. Either B or C above. A dealer licensed as a franchise or independent dealer may buy and sell motorcycles, trailers and motor homes if they have the proper A. Endorsement issued by the Board. B. License issued by MVDB. C. $25,000 bond. D. None of the above. - Correct Answer B. License issued by MVDB. A second set of temporary tags may be issued to a customer if A. The title is not available at the end of the first 30-day period. B. All paper work is submitted to DMV along with an explanation as to why a second set needs to be issued. C. All required fees are submitted to the Department of Motor Vehicles. D. The vehicle is to be titled and registered out of state. E. All of the above. - Correct Answer E. All of the Above