DEALER TEST
The DMV fees due on the retail ROS must be posted within how many calendar
days to avoid a $25 ASF? - ANSWERS-50 days
The documents on the retail ROS must be posted within how many calendar days
to avoid a $ 5 ASF? - ANSWERS-30 days
What must the dealer submit with every retail sale? - ANSWERS-REG 262 (bill of
sale)
What must the dealer do if he collects too much money from the buyer? -
ANSWERS-Return the excess
What does the Federal Division 12 rules for retail delivery require? - ANSWERS-
Implied Warranty
What does compliance with the Federal Division 12 rules for retail delivery
certify? - ANSWERS-Minimum safety standard has been met
What of the following is the renewal Ilicense fee? - ANSWERS-$125
What of the following is the branch location fee? - ANSWERS-$70
,How soon must the dealer notify DM when there is a change of dealer
ownership? - ANSWERS-10 days prior to sale
How soon must the dealer notify DMV when there is a change of dealer
ownership involving a corporation? - ANSWERS-30 days prior to sale
What of the following is the corporate change fee?. - ANSWERS-$70
What color is a valid resale permit from the board of equalization? - ANSWERS-
Goldenrod
In a mixed use setting, what else is required for retail display area? - ANSWERS-
Clearly marked space
How soon must the retail dealer pay the buyer when he sells a consigned vehicle?
- ANSWERS-Pay within 20 days
What is required on the back side of the buyer's guide? - ANSWERS-Contact name
and phone
What is the maximum the dealer can charge for document preparation? -
ANSWERS-$55
,What is the penalty the dealer faces for excessive fees for smog inspection? -
ANSWERS-Unenforceable contract
What items must the dealer charge sales tax upon? - ANSWERS-Price of
accessories, Price of the vehicle, Document Prep Fee
What must the dealer create and have in his office with every sale? - ANSWERS-
Jacket
The dealer must hold ROS forms in his office for how long? - ANSWERS-4 years
In what order must the dealer use ROS forms? - ANSWERS-Numerical Order
The temporary memo regarding DMV fees due on the retail ROS allows posting
within how many business days to avoid a $ 5 ASF ? - ANSWERS-30 days
What of the following ASF penalties carry a $25 fine? - ANSWERS-Title application
& corrections not cleared in 50 days
What must the dealer do with the temporary operating permit? - ANSWERS-Place
in any window visible from outside the vehicle
What must the dealer do for DMV compliance if he is sells a vehicle for out of
state delivery? - ANSWERS-Secure one way vehicle permit OR preregister vehicle
, What must the dealer charge for one way trip permkt when selling a car for O/S
delivery? - ANSWERS-$19
What is the minimum time allowed for the contract cancellation option? -
ANSWERS-48 hours
Who must be offered the contract cancellation option? - ANSWERS-Every retail
buyer w/ cash price less than 40k
What is the maximum contract cancellation option fee a dealer may charge for a $
28,000 vehicle? - ANSWERS-$250
When may the option fee be waived? - ANSWERS-Anytime at the dealers
discretion
What is the minimum allowable miles if the buyer purchases the cancellation
option? - ANSWERS-250
What is the maximum total option and restocking fee allowed? - ANSWERS-$500
What is the definition of a full refund? - ANSWERS-total price minus option and
restocking fee
The DMV fees due on the retail ROS must be posted within how many calendar
days to avoid a $25 ASF? - ANSWERS-50 days
The documents on the retail ROS must be posted within how many calendar days
to avoid a $ 5 ASF? - ANSWERS-30 days
What must the dealer submit with every retail sale? - ANSWERS-REG 262 (bill of
sale)
What must the dealer do if he collects too much money from the buyer? -
ANSWERS-Return the excess
What does the Federal Division 12 rules for retail delivery require? - ANSWERS-
Implied Warranty
What does compliance with the Federal Division 12 rules for retail delivery
certify? - ANSWERS-Minimum safety standard has been met
What of the following is the renewal Ilicense fee? - ANSWERS-$125
What of the following is the branch location fee? - ANSWERS-$70
,How soon must the dealer notify DM when there is a change of dealer
ownership? - ANSWERS-10 days prior to sale
How soon must the dealer notify DMV when there is a change of dealer
ownership involving a corporation? - ANSWERS-30 days prior to sale
What of the following is the corporate change fee?. - ANSWERS-$70
What color is a valid resale permit from the board of equalization? - ANSWERS-
Goldenrod
In a mixed use setting, what else is required for retail display area? - ANSWERS-
Clearly marked space
How soon must the retail dealer pay the buyer when he sells a consigned vehicle?
- ANSWERS-Pay within 20 days
What is required on the back side of the buyer's guide? - ANSWERS-Contact name
and phone
What is the maximum the dealer can charge for document preparation? -
ANSWERS-$55
,What is the penalty the dealer faces for excessive fees for smog inspection? -
ANSWERS-Unenforceable contract
What items must the dealer charge sales tax upon? - ANSWERS-Price of
accessories, Price of the vehicle, Document Prep Fee
What must the dealer create and have in his office with every sale? - ANSWERS-
Jacket
The dealer must hold ROS forms in his office for how long? - ANSWERS-4 years
In what order must the dealer use ROS forms? - ANSWERS-Numerical Order
The temporary memo regarding DMV fees due on the retail ROS allows posting
within how many business days to avoid a $ 5 ASF ? - ANSWERS-30 days
What of the following ASF penalties carry a $25 fine? - ANSWERS-Title application
& corrections not cleared in 50 days
What must the dealer do with the temporary operating permit? - ANSWERS-Place
in any window visible from outside the vehicle
What must the dealer do for DMV compliance if he is sells a vehicle for out of
state delivery? - ANSWERS-Secure one way vehicle permit OR preregister vehicle
, What must the dealer charge for one way trip permkt when selling a car for O/S
delivery? - ANSWERS-$19
What is the minimum time allowed for the contract cancellation option? -
ANSWERS-48 hours
Who must be offered the contract cancellation option? - ANSWERS-Every retail
buyer w/ cash price less than 40k
What is the maximum contract cancellation option fee a dealer may charge for a $
28,000 vehicle? - ANSWERS-$250
When may the option fee be waived? - ANSWERS-Anytime at the dealers
discretion
What is the minimum allowable miles if the buyer purchases the cancellation
option? - ANSWERS-250
What is the maximum total option and restocking fee allowed? - ANSWERS-$500
What is the definition of a full refund? - ANSWERS-total price minus option and
restocking fee
