QUESTIONS AND CORRECT
VERIFIED ANSWERS | FINAL UPDATED EXAM
GUIDE 2026/2027 latest
licensed powersport dealers may sell powersports on
Sundays - ✔✔✔ANSWER-False
When advertising the sale of a specific motor vehicle. If
not statement has been made concerning a specific-time
and of the advertised price, such vehicle shall be sold at
the advertised price for a period of fice days following
the last date the ad was published - ✔✔✔ANSWER-True?
When a salesperson leaves adealer, the dealer mustdo all
the following execpt: - ✔✔✔ANSWER-Immediately
employ a new salesperson, licensed or not
,Which of the following is considered prima facie
evidence that a person is engaged in the business of
setting of leasing motor vehicles or powersport vehicles
- ✔✔✔ANSWER- selling, leasing, exchanging, renting,
with option to purchase, offering, or negotiating, an
exchange of interest in three or more vehicles or ten or
more powersport vehicles in any one calendar year
What is the highest fine per offense (key word) that the
motor vehicle dealer board or an admirative law judge
may impose on a dealer who sells primarily vehicles that
weigh less than
1
,500 pounds - ✔✔✔ANSWER-$1,000
The federal odometer law declares that it is unlawful to
do any of the following execpt: - ✔✔✔ANSWER-to
replace the odometer under certain circumstances
,the license of a motor vehicle salesperson or powersport
may be denied, revoked, or suspended on any of the
following grounds except: - ✔✔✔ANSWER-advertising a
salvaged vehicle while identifyingthe vehicle as a salvage
vehicle
Three of the following are required to be disclosed in an
advertisement when a dealer us advertising a closed-end
credit sale of motor vehicle or powersports vehicle with
down payment amount, payment amount, number of
payments and period of repayment or amount of finance
charge. Which one is n ot required? - ✔✔✔ANSWER-tax
rate
the license of a motor vehicle salesperson or
powersport may be denied, revoked, or suspended on
any of the following grounds except: - ✔✔✔ANSWER-
using point of sale literature in advertising
,