VSA License 2026 Exam UPDATED EXAM ACTUAL
LATEST VERSIONS QUESTIONS AND CORRECT
VERIFIED ANSWERS WITH RATIONALES (100%
CORRECT) A+ GRADED ASSURED
. The primary responsibility of the VSA is to get money back for consumers - CORRECT
ANSWER: False, the goal of the VSA is to enhance consumer protection and consumer
confidence in the vehicle sales industry through education and compliance
. The role of the VSA Board of Directors is to set policy and establish annual budgets -
CORRECT ANSWER: True, the board is not involved in day-to-day operations
. Wholesalers may not sell to consumers. - CORRECT ANSWER: True. They are limited to
selling only to other businesses.
A broker agent may accept a fee only from the buyer - CORRECT ANSWER: True. Fees and
commissions from sellers are not allowed.
A deceptive act can be intentional, negligent or innocent and still be deceptive - CORRECT
ANSWER: True. You can break the law even if you believe the statements you make are true.
The test is whether your conduct was misleading to the buyer.
A deceptive act is any communication of material facts that tends to lead a reasonable person into
making an error of judgment. ( - CORRECT ANSWER: True. It can be any oral, visual, written
or electronic communication of material facts.
Dealers and wholesalers both have a positive duty to enquire about the vehicles they sell. -
CORRECT ANSWER: True. Dealers and wholesalers have a positive duty to enquire and must
exercise reasonable care and due diligence in checking vehicle histories.
LATEST VERSIONS QUESTIONS AND CORRECT
VERIFIED ANSWERS WITH RATIONALES (100%
CORRECT) A+ GRADED ASSURED
. The primary responsibility of the VSA is to get money back for consumers - CORRECT
ANSWER: False, the goal of the VSA is to enhance consumer protection and consumer
confidence in the vehicle sales industry through education and compliance
. The role of the VSA Board of Directors is to set policy and establish annual budgets -
CORRECT ANSWER: True, the board is not involved in day-to-day operations
. Wholesalers may not sell to consumers. - CORRECT ANSWER: True. They are limited to
selling only to other businesses.
A broker agent may accept a fee only from the buyer - CORRECT ANSWER: True. Fees and
commissions from sellers are not allowed.
A deceptive act can be intentional, negligent or innocent and still be deceptive - CORRECT
ANSWER: True. You can break the law even if you believe the statements you make are true.
The test is whether your conduct was misleading to the buyer.
A deceptive act is any communication of material facts that tends to lead a reasonable person into
making an error of judgment. ( - CORRECT ANSWER: True. It can be any oral, visual, written
or electronic communication of material facts.
Dealers and wholesalers both have a positive duty to enquire about the vehicles they sell. -
CORRECT ANSWER: True. Dealers and wholesalers have a positive duty to enquire and must
exercise reasonable care and due diligence in checking vehicle histories.
