MOTOR VEHICLE TRAILER MOTORCYCLE
DEALER FINAL EXAM SCRIPT 2026
COMPREHENSIVE QUESTIONS AND
ANSWERS VERIFIED A+
●● The board is empowered to. Answer: Promulgate amend and repeal
rules regulations and provisions for the industry.
●● TRUE OR FALSE:
the board can issue or deny license for any motor vehicle dealer..
Answer: True
●● When can the board order an administrative hearing?. Answer: When
they believe there is probable cause that a violation occurred
●● The board may impose a fine up to. Answer: 10,000$ for each
offense
●● The auto industry division. Answer: Acts as enforcement to the board
●● Different types of license. Answer: New and used, wholesaler,
wholesale auction dealer, buyer agent and salesperson
, ●● True or false: it is not a violation for any salesperson to sell without
the proper license. Answer: False it is a violation
●● Surety bonds. Answer: Protect citizens against illegal acts by
licensees for example: not honoring a written agreement
●● When should surety bonds remain in force?. Answer: During the
licensing period
●● It is required to have bonds in the amount of. Answer: $50,000 or
15,000 for wholesaler
●● True or false: the dealer or salesperson can be personally liable for
any proven claim or judgement in excess of the bond. Answer: True
●● New motor vehicle dealer. Answer: Is a person who makes
commissions to make a profit selling new or used vehicles
●● Which is not included with a new motor vehicle dealer
A.Receivers, trustees, admins
B. Public officers performing duties
C.employees of dealers
D.wholesalers
E.Persons engaged in the selling of a new fire truck
DEALER FINAL EXAM SCRIPT 2026
COMPREHENSIVE QUESTIONS AND
ANSWERS VERIFIED A+
●● The board is empowered to. Answer: Promulgate amend and repeal
rules regulations and provisions for the industry.
●● TRUE OR FALSE:
the board can issue or deny license for any motor vehicle dealer..
Answer: True
●● When can the board order an administrative hearing?. Answer: When
they believe there is probable cause that a violation occurred
●● The board may impose a fine up to. Answer: 10,000$ for each
offense
●● The auto industry division. Answer: Acts as enforcement to the board
●● Different types of license. Answer: New and used, wholesaler,
wholesale auction dealer, buyer agent and salesperson
, ●● True or false: it is not a violation for any salesperson to sell without
the proper license. Answer: False it is a violation
●● Surety bonds. Answer: Protect citizens against illegal acts by
licensees for example: not honoring a written agreement
●● When should surety bonds remain in force?. Answer: During the
licensing period
●● It is required to have bonds in the amount of. Answer: $50,000 or
15,000 for wholesaler
●● True or false: the dealer or salesperson can be personally liable for
any proven claim or judgement in excess of the bond. Answer: True
●● New motor vehicle dealer. Answer: Is a person who makes
commissions to make a profit selling new or used vehicles
●● Which is not included with a new motor vehicle dealer
A.Receivers, trustees, admins
B. Public officers performing duties
C.employees of dealers
D.wholesalers
E.Persons engaged in the selling of a new fire truck
