Dealer License- Review UPDATED ACTUAL QUESTIONS AND CORRECT ANSWERS

Dealer License- Review UPDATED ACTUAL
QUESTIONS AND CORRECT ANSWERS

Misdemeanor crimes can be D
charged for:


a. Not offering a contraction
cancellation for a vehicle valued
under $40,000
b. Failure to provide pre contract
disclosures
c. Fail to disclose the customer's
credit score
d. All the above


To sell a consigned vehicle, the D
consignment agreement must
include:


a. Any outstanding Lien amount due
b. Total amount the consignor will be
paid from the proceeds of sale
c. The consignor shall be paid within
20 days after the sale date
d. All the above

, If a dealer is unable to obtain B
financing for a retail buyer:


a. The dealer may keep the down
payment
b. The dealer must return the down
payment
c. The dealer is allowed to keep any
collected money for use of the
vehicle
d. The down payment may be kept as
a service fee


Prior to offering a vehicle for sale to D
the retail public, the dealer must:


a. Have a Federal Buyer's Guide
posted in the side window of the
vehicle
b. Have a current smog certification
for the vehicle
c. Obtain a National Motor Vehicle
Title Information report
d. All the above


In an advertisement a dealer must D
include in the ad:


a. Name of the dealership
b. Year, Make and model of the
vehicle
c. Vehicle Identification number
d. All the above