VIRGINIA SALES LICENSE TEST EXAM PRACTICE 2026|2027 QUESTIONS AND
ANSWERS WITH COMPLETE A+ SOLUTIONS!!!
Applications taxes and fees collected for the department of motor vehicles on behalf of the buyer must be
submitted to that agency within - Correct Answer -30 days
If a vehicle is Registered in Virginia and the owner does not have liability insurance the penalty is an
uninsured motorist fee of - Correct Answer -$500
When a thirty day tag is issued to a customer who does not have insurance and is going to register the
vehicle in Virginia, the dealer: - Correct Answer -Must handle the titling registering and payment of fees
directly with dmv
Must collect the uninsured motor vehicle fee
Temporary tags and temporary transport tags can be loaned to another dealer - Correct Answer -False
A "demonstrator" is defined in part as a new motor vehicle - Correct Answer -Has more than 750 miles
accumulated on its odometer
Requires a written disclosure to the customer
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, Every independent dealer-operator must pass an exam to recertify - Correct Answer -False
There are no grandfather exceptions to recertify as an independent dealer-operator - Correct Answer -
True
Regarding "internet employees" or persons who receive phone calls from Internet inquiries - Correct
Answer -May not quote pricing over the phone without a salesperson license
May greet potential customers and set up appointments without a sales license
What is an open title? - Correct Answer -One that has been signed by the titled owner leaving blank
information on the buyer
On extended service contracts for both parts and labor the dealer must collect - Correct Answer -Retail
sales tax on one half of the retail cost of the service contract
The IRS definition of "cash" does not include - Correct Answer -Person checks
The IRS Cash reporting rule enacted to prevent citizens from hiding unreported income requires
dealerships to complete and file its form - Correct Answer -
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ANSWERS WITH COMPLETE A+ SOLUTIONS!!!
Applications taxes and fees collected for the department of motor vehicles on behalf of the buyer must be
submitted to that agency within - Correct Answer -30 days
If a vehicle is Registered in Virginia and the owner does not have liability insurance the penalty is an
uninsured motorist fee of - Correct Answer -$500
When a thirty day tag is issued to a customer who does not have insurance and is going to register the
vehicle in Virginia, the dealer: - Correct Answer -Must handle the titling registering and payment of fees
directly with dmv
Must collect the uninsured motor vehicle fee
Temporary tags and temporary transport tags can be loaned to another dealer - Correct Answer -False
A "demonstrator" is defined in part as a new motor vehicle - Correct Answer -Has more than 750 miles
accumulated on its odometer
Requires a written disclosure to the customer
1|Page
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, Every independent dealer-operator must pass an exam to recertify - Correct Answer -False
There are no grandfather exceptions to recertify as an independent dealer-operator - Correct Answer -
True
Regarding "internet employees" or persons who receive phone calls from Internet inquiries - Correct
Answer -May not quote pricing over the phone without a salesperson license
May greet potential customers and set up appointments without a sales license
What is an open title? - Correct Answer -One that has been signed by the titled owner leaving blank
information on the buyer
On extended service contracts for both parts and labor the dealer must collect - Correct Answer -Retail
sales tax on one half of the retail cost of the service contract
The IRS definition of "cash" does not include - Correct Answer -Person checks
The IRS Cash reporting rule enacted to prevent citizens from hiding unreported income requires
dealerships to complete and file its form - Correct Answer -
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