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CALIFORNIA DEALER LICENSE TEST
QUESTIONS WITH CORRECT
ANSWERS
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 - correct-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 - correct-answer -C. All of the above
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An unwind usually results from the dealer's failure to obtain financing for the
customer from a lending institution.
a. True
b. False - correct-answer -A. true
If the purchaser overpays the dealer an amount for the licensing or transfer of the
title of vehicle other than actual amount due, the dealer may:
a. Keep the overpayment as part of down payment
b. Dealer may never keep overpayment and must return it to customer - correct-
answer -b. Dealer may never keep overpayment and must return it to customer
The Federal Buyers Guide must be displayed on the side windows of the vehicle
so that both sides of the label can be read. It must be signed on the back by the
customer.
a. True
b. False - correct-answer -a. True
CALIFORNIA DEALER LICENSE TEST
QUESTIONS WITH CORRECT
ANSWERS
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 - correct-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 - correct-answer -C. All of the above
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An unwind usually results from the dealer's failure to obtain financing for the
customer from a lending institution.
a. True
b. False - correct-answer -A. true
If the purchaser overpays the dealer an amount for the licensing or transfer of the
title of vehicle other than actual amount due, the dealer may:
a. Keep the overpayment as part of down payment
b. Dealer may never keep overpayment and must return it to customer - correct-
answer -b. Dealer may never keep overpayment and must return it to customer
The Federal Buyers Guide must be displayed on the side windows of the vehicle
so that both sides of the label can be read. It must be signed on the back by the
customer.
a. True
b. False - correct-answer -a. True
