Recent Exam 2026/2027 Actual Complete Real Exam
Questions And Correct Answers (Verified Answers)
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How much is the bond that the dealer must have prior to the
issuance of its
Dealer
License?
a. $10,000
b. $50,000
c.
$15,000
d. $20,000 - ANSWER-b.
$50,000
If the Board of Equalization revokes or suspends your Seller's
Permit, what is the result?
a. Cancellation of Dealer's License
b. Automatic Revocation of Seller's Permit
c. Revocation or suspension of the Dealer's License - ANSWER-
a. Cancellation of Dealer's License
Which of the following are true regarding the Report of
Sale(ROS)?
, a. Dealer has 5 days to submit the bottom portion Report of
Sale (not counting the date of sale)
b. If late, dealer must pay $5.00 ASF penalty
c. Dealer must display bottom portion of ROS on Customer
vehicle before delivery
d. All of the above - ANSWER-d. All of the above
Which of the following are true regarding the Vehicle title and
Transfer fees?
a. Transfer fees are
$15.00
b. If late, dealer must pay $5 ASF
penalty
c. All of the above - ANSWER-C. All of
the above
After a hearing, the department May revoke and/or suspend a
dealers license if
they
have
a. Wrote the department a check with insufficient
funds at the bank
b. knowingly permits someone to illegally use their
special plates
c. fall asleep or wrong information on the
registration of a vehicle