CALIFORNIA DEALER LICENSE TEST LATEST
UPDATE ACTUAL COMPLETE EXAM QUESTIONS AND
CORRECT ANSWERS (VERIFIED ANSWERS )
(2026/2027) ALREADY GRADED A+!!!
With a consignment, what must be disclosed to the
consigner(person you sold the car for) within 20 days of
the sale? - ANSWER--Date of sale, selling price, amount
of lien that was paid off, if any
At which price would a dealer not be required to offer a
contract cancellation option agreement - ANSWER--Over
$40,000
, Your occupational license will automatically be canceled
without a hearing if - ANSWER--A your sales tax permit is
revoked B your bond falls below required about C you take
your main sign down and move out of your office without
notice
What is the maximum markup that dealers may add to a
loan for their own profit - ANSWER--2.5% on loans 60
months or less and 2% on loans more than 60 months
How much is the vehicle transfer fee on a California
registered vehicle? - ANSWER--$15
UPDATE ACTUAL COMPLETE EXAM QUESTIONS AND
CORRECT ANSWERS (VERIFIED ANSWERS )
(2026/2027) ALREADY GRADED A+!!!
With a consignment, what must be disclosed to the
consigner(person you sold the car for) within 20 days of
the sale? - ANSWER--Date of sale, selling price, amount
of lien that was paid off, if any
At which price would a dealer not be required to offer a
contract cancellation option agreement - ANSWER--Over
$40,000
, Your occupational license will automatically be canceled
without a hearing if - ANSWER--A your sales tax permit is
revoked B your bond falls below required about C you take
your main sign down and move out of your office without
notice
What is the maximum markup that dealers may add to a
loan for their own profit - ANSWER--2.5% on loans 60
months or less and 2% on loans more than 60 months
How much is the vehicle transfer fee on a California
registered vehicle? - ANSWER--$15
