DMVSalespersonPracticeExam

DMVSalespersonPracticeExam WhatisthepenaltyforviolatingthedisclosureprovisionsoftheVirginiaDealerLicensingAct's "AsIs"law?-ANSA$1,000civilpenalty Thecustomermayreturnthevehicle VehiclescanbesoldinVirginia"AsIs"if:-ANSABuyersGuideiscompletelyfilledout,signed, anddatedbythebuyer.Thedealerprovidesthebuyer,priortothesale,aseparatewrittendisclosureastotheeffectof an"AsIs"sale.Adisclosureisprintedonthefrontofthebuyersorder.

Avehiclemustbeinspected:-ANSBetweenthetimeitcomesintoadealer'sinventoryandthe

timeitissoldatretail.

Ifavehicledoesnotpassinspection:-ANSThedealermaybringitintocompliance.

Thedealermaydeliverthevehiclewithavalidrejectionstickerandawrittendisclosure,which maybeintheformofanofficialinspectionreceipt.Adealerlicensedasafranchiseorindependentdealermaybuyandsellmotorcycles,trailers

andmotorhomesiftheyhavetheproper:-ANSLicenseissuedbyDMV.

Asecondsetoftemporarytagsmaybeissuedtoacustomerif:-ANSThetitleisnotavailableat

theendofthefirst30-dayperiod.Thevehicleistobetitledandregisteredoutofstate.AllpaperworkissubmittedtoDMValongwithanexplanationastowhyasecondsetneedsto beissued.AllrequiredfeesaresubmittedtotheDepartmentofMotorVehicles.

Whenissuingtemporarylicenseplates,thedealer:-ANSMaynotchargethecustomermore

thanthefeechargedthedealerfortheplates.Temporarytransportplatesmaybeissuedfornomorethan:-ANS5days. 1 / 2

Temporarytransportplatesmaybeusedto:-ANSTransportvehiclesfromauctionsorother

pointsofpurchaseorsale.Asalesperson's"certificateofqualification":-ANSMustbeobtainedbeforeapplyingfora salesperson'slicense.Penaltiesforviolatingprovisionsofthestatutespertainingtomotorvehiclesalespersons

include:-ANSAcivilpenaltyofnotmorethan$1,000perviolation.

Suspensionofthelicense.Revocationofthelicense.

Anewmotorvehicleisdefinedasonewhich:-ANSHasnotbeenpreviouslytitled.

Haslessthan7,500milesontheodometer.AnypersonwhoislicensedinanotherstateoftheUnitedStatesasamotorvehicledealermay

sellvehiclesatwholesaleauctionsinVirginiaonlyafterobtaininga:-ANSCertificateof

registration.

ThefollowingmustbelicensedtoengageinbusinessinVirginia:-ANSMotorVehicleDealer.

MotorVehicleDistributororManufacturer.MotorVehicleSalesperson.

TRUE/FALSE:

Nosalespersonshallbeemployedbymorethanonedealer,unlessthedealershipsareowned bythesameperson,partnershiporcorporation.-ANSTRUE

TRUE/FALSE:

Eachdealershipmustpostalistofthesalespersonsthatworkthere.-ANSTRUE

TRUE/FALSE:

Salespersonsmustcarrytheirlicenseatalltimesandshowitwhenasked.-ANSTRUE

Temporarycertificatesofownershipissuedbydealersmustcontain:-ANSDateofissuance.

Nameandaddressofpurchaser.

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