CALIFORNIA DEALER LICENSE Test Exam Set Questions With Revised Correct Answers
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Course
CALIFORNIA DEALER LICENSE
Institution
CALIFORNIA DEALER LICENSE
CALIFORNIA DEALER LICENSE
Test Exam Set Questions With
Revised Correct Answers
A licensed dealer location must have all the following except:
a. An office for the exclusive use of the dealer
b. Sign indicating the name and address of the dealer
c. Signs on all vehicles indicating the ma...
CALIFORNIA DEALER LICENSE
Test Exam Set Questions With
Revised Correct Answers
A licensed dealer location must have all the following except:
a. An office for the exclusive use of the dealer
b. Sign indicating the name and address of the dealer
c. Signs on all vehicles indicating the main location address
d. Display area large enough to display the types of vehicles being sold - ANSWER
c. Signs on all vehicles indicating the main location address
Should the dealer change the site or location of his established place of business,
he
shall notify the department:
a. Immediately
b. Within 10 days of the change.
c. Within 20 days of the change.
d. Within 30 days of the change. - ANSWER a. Immediately
The basic fee for transfer of ownership on a California registered vehicle is:
a. $10
b. $14
c. $15
,d. $12 - ANSWER c. $15
Any dealer who sells a vehicle when the title is branded "lemon law buyback
"shall
provide a disclosure statement to the buyer:
a. Prior to the vehicle leaving the dealership
b. Prior to the sale of the vehicle
c. Only if the buyer requests a statement
d. Only if the buyer sees the branded title - ANSWER b. Prior to the sale of the
vehicle
It is legal to reset the odometer reading on a vehicle:
a. If you place additional miles on the odometer
b. If you don't know the true mileage and you post sticker
c. If you think you know the true mileage
d. It is never legal to reset the odometer reading - ANSWER d. It is never legal
to reset the odometer reading
A dealer must, in writing, withdraw any advertisement of a vehicle that has been
sold
or withdrawn from sale within:
a. 72 hours
b. 24 hours
c. 36 hours
d. 48 hours - ANSWER d. 48 hours
,A dealer may give a report of sale book to:
a. Another dealer who has run out of report of sale books
b. A person, not employed by the dealer, to operate the branch location
c. It is never legal to give a report of sale book to anyone
d. Another dealer who is going to sell a vehicle in your inventory at a shopping
mall - ANSWER c. It is never legal to give a report of sale book to anyone
An auto broker must also be licensed as a:
a. Lessor-retailer
b. Registration service
c. Dealer
d. Dismantler - ANSWER c. Dealer
A conditional sales contract is:
a. An agreement between a buyer and dealer where the dealer is going to locate a
vehicle for a buyer
b. A form used by the dealer to report the sales tax due
c. A form used by the dealer to list transfers that are being submitted to DMV
d. An agreement between the buyer and dealer where a lien is create the vehicle
and payments are made to a lienholder - ANSWER d. An agreement between
the buyer and dealer where a lien is create the vehicle and payments are made to
a lienholder
If a dealer accepts a vehicle as a trade-in and later finds out it has been reported
as
, stolen, which of the following will happen?
a. The vehicle is returned to the rightful owner
b. The dealer retains the vehicle and may sell it
c. The dealer retains the vehicle but pays the rightful owner trade in value
d. The dealer retains the vehicle but pays the rightful owner book value -
ANSWER a. The vehicle is returned to the rightful owner
Licensing requirements for a dealer's license in California are from:
a. The penal code
b. The vehicle code
c. The business and professions code
d. The health and safety code - ANSWER b. The vehicle code
A dealer must include in all advertisements all the following except:
a. The total price of the vehicle
b. The color of the vehicle
c. The make of the vehicle
d. The vehicle identification number or license plate number - ANSWER b. The
color of the vehicle
You may keep DMV licensing fees in excess of DMV fees paid to you.
a. Only on cash transactions.
b. Only on financed transactions
c. Only on in house financed deals
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