VIRGINIA SALES LICENSE/VIRGINIA SALES LICENSE TEST QUESTIONS AND ANSWERS 2024 FINAL UPDATE
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Course
VIRGINIA SALES LICENSE/VIRGINIA SALES LICENSE TES
Institution
VIRGINIA SALES LICENSE/VIRGINIA SALES LICENSE TES
VIRGINIA SALES LICENSE/VIRGINIA
SALES LICENSE TEST QUESTIONS AND
ANSWERS 2024 FINAL UPDATE
If a customer wishes to demonstrate a vehicle in the inventory
of the dealer - ANS-The salesperson must accompany the
customer
If not accompanied by the salesperson a form must be
completed and c...
VIRGINIA SALES LICENSE/VIRGINIA
SALES LICENSE TEST QUESTIONS AND
ANSWERS 2024 FINAL UPDATE
If a customer wishes to demonstrate a vehicle in the inventory
of the dealer - ANS-The salesperson must accompany the
customer
If not accompanied by the salesperson a form must be
completed and carried by the respective purchaser during the
test drive
The motor vehicle transaction recovery fund - ANS-Is funded by
dealers and salespersons
The purpose of the motor vehicle transaction recovery fund -
ANS-Is to satisfy unpaid judgements against a dealer or
salesperson that has a defrauded purchaser
If a salespersons license has been revoked as a result of failure
to reimburse the motor vehicle transaction recovery fund -
ANS-The salesperson must reimburse the fund plus eight
percent interest before reapplying for a license
A temporary certificate of ownership titled and registered in
Virginia - ANS-Is issued when the vehicle title is not available at
the time of sale
Can only be issued for one thirty day period
, Temporary license plate - ANS-Should be destroyed after
expiration or when permanent plates are issued
Payments to individuals by a salesperson for procuring a
customer for the sales person - ANS-Can result in a civil penalty
or suspension of the salespersons license
What is the penalty for violating the disclosure provisions of the
virginia dealer licensing act's "as is" law? - ANS--a 1000 civil
penalty
-the customer may return the vehicle
Vehicles can be sold in Virginia "as is" if - ANS--a buyers guide is
completely filled out signed and dated by the buyer
The dealer provides the buyer, prior to sale, a separate written
disclosure as to effect of an "as is" sale
A vehicle must be inspected: - ANS-Between the time it comes
into a dealer inventory and the time it is sold to retail
If a vehicle does not pass inspection: - ANS--the dealer may
bring it to 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: - ANS-License issued by MVDB
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