DMV Salesperson Practice Exam

DMV Salesperson Practice Exam What is the penalty for violating the disclosure provisions of the Virginia Dealer Licensing Act's "As Is" law? - Answer- A $1,000 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 the sale, a separate written disclosure as to the effect of an "As Is" sale.A disclosure is printed on the front of the buyers order.A vehicle must be inspected: - Answer- 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: - Answer- The dealer may bring it into 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 DMV.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 Department of Motor Vehicles.

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- 5 days. 1 / 2

Temporary transport plates may be used to: - Answer- Transport vehicles from auctions or other points of purchase or sale.A salesperson's "certificate of qualification": - Answer- Must be obtained before applying for a salesperson's license.Penalties for violating provisions of the statutes pertaining to motor vehicle salespersons include: - Answer- A civil penalty of not more than $1,000 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 7,500 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 a: - Answer- 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.

TRUE / FALSE:

No salesperson shall be employed by more than one dealer, unless the dealerships are owned by the same person, partnership or corporation. - Answer- TRUE

TRUE / FALSE:

Each dealership must post a list of the salespersons that work there. - Answer- TRUE

TRUE / FALSE:

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 address of purchaser.

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