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DMV AUTO DEALERS LICENSE Questions with complete solutions A dealer must post which of the following at every business location?Correct Answer-* EACH SALESPERSON'S LICENSE
* DEALERS LICENSE
Automatic cancellation of a dealer's license will occur upon the happening of which event? Correct Answer-* FAILURE TO
MAINTAIN ADEQUATE BOND
What must the dealer attach to every used vehicle offered for sale?Correct Answer-* FEDERAL TRADE COMMISSION BUYERS GUIDE Where can the rules for dealer licensing be found? Correct Answer-*
THE CALIFORNIA VEHICLE CODE
A dealer must disclose which of the following: Correct Answer-*
PUBLICLY OWNED VEHICLES
* RENTAL CARS
*TAXI CABS 1 / 2
Where can a dealer get an emergency supply of report of sales forms?Correct Answer-* THE DEALERS DMV INSPECTOR What must a dealer do when selling a lemon law buyback vehicle?Correct Answer-* PROVIDE THE BUYER A DISCLOSURE
STATEMENT TO BE SIGNED BY THE BUYER
* AFFIX A DECAL TO THE LEFT FRONT DOORFRAME
INSCRIBING "LEMON LAW BUYBACK" Used vehicle dealers must offer which of the following when selling vehicles for less than $40,000? Correct Answer-* A CONTRACT
CANCELLATION AGREEMENT ALLOWING THE BUYER TO
RETURN THE VEHICLE WITHIN 2 DAYS
A dealer must: Correct Answer-* DISPLAY EACH PERSON LICENSE
AT THE DEALERSHIP
How many vehicles can a private party buy and sell for a profit in a year without a dealers license? Correct Answer-* ZERO The national motor vehicle title information system requires which of the following? Correct Answer-* A RED WARNING DECAL BE PLACED ON VEHICLES WITH BRANDED TITLES
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