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Dealer/Salespersons Test > STATE STATUTES > Flashcards

STATE STATUTES Flashcards

1
Q

What is the penalty for violating the disclosure provisions of the Virginia Dealer Licensing Act’s “As Is” law?

A

• A $1,000 civil penalty. The customer may return the vehicle.

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2
Q

Vehicles can be sold in Virginia “As Is” if:

A
  • A buyers guide is completely filled out, signed, and dated by the buyer.
  • The dealer provides the buyer, prior to the sale, a separate written disclosure as to the effect of an “As Is” sale.
  • A disclosure is printed on the front of the buyers order.
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3
Q

A vehicle must be inspected:

A

• Between the time it comes into a dealer’s inventory and the time it is sold at retail.

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4
Q

If a vehicle does not pass inspection:

A
  • The dealer may bring it into compliance.
  • The dealer may deliver the vehicle with a valid rejection sticker and a written disclosure, which may be in the form of an official inspection receipt.
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5
Q

A dealer licensed as a franchise or independent dealer may buy and sell motorcycles, trailers and motor homes if they have the proper:

A

• License issued by MVDB

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6
Q

A second set of temporary tags may be issued to a customer if:

A
  • The title is not available at the end of the first 30-day period.
  • The vehicle is to be titled and registered out of state.
  • All paper work is submitted to DMV along with an explanation as to why a second set needs to be issued.
  • All required fees are submitted to the Department of Motor Vehicles before authorization of temporary tags may be issued.
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7
Q

When issuing temporary license plates, the dealer:

A

• May not charge the customer more than the fee charged the dealer for the plates.

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8
Q

Temporary transport plates may be issued for no more than:

A

• 5 days

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9
Q

Temporary transport plates may be used to:

A

• Transport vehicles from auctions or other points of purchase or sale

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10
Q

A salesperson’s “certificate of qualification”:

A

• Must be obtained before applying for a salesperson’s license.

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11
Q

Penalties for violating provisions of the statues pertaining to motor vehicle salespersons include:

A
  • A civil penalty of not more than $1,000 per violation.
  • Suspension of the license.
  • Revocation of the license.
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12
Q

A new motor vehicle is defined as one which:

A
  • Has not been previously titled.

* Has less than 7,500 miles on the odometer with a disclosure.

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13
Q

Any person who is licensed in another state of the United States as a motor vehicle dealer may sell vehicles at Dealer Only wholesale auctions in Virginia only after obtaining a:

A

• Certificate of registration.

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14
Q

The following must be licensed to engaged in business in Virginia:

A
  • Motor Vehicle Dealer.
  • Motor Vehicle Distributor or Manufacturer.
  • Motor Vehicle Salesperson.
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15
Q

No salesperson shall be employed by more than one dealer, unless the dealerships are owned by the same person, partnership or corporation.

A

• TRUE

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16
Q

Each dealership must post a list of the salespersons that work there.

A

• TRUE

17
Q

Salespersons must carry their license at all times and show it when asked.

A

• TRUE

18
Q

Temporary certificates of ownership issued by dealers must contain:

A
  • Date of issuance.
  • Name and address of purchaser.
  • The temporary plate number and vehicle identification number.
19
Q

If you do not renew your salesperson’s license by the expiration date:

A

• You can not operate until a new license is obtained.

20
Q

If a salesperson is found guilty of violating one or more of the provisions of the Virginia Dealer Laws, the Motor Vehicle Dealer Board may, after following the prescribed procedures:

A
  • Assess a civil penalty on the salesperson of up to $1,000 per violation.
  • Refuse to renew the salesperson’s license.
  • Revoke/Suspend the salesperson’s license.
21
Q

If a customer wishes to demonstrate a vehicle in the inventory of the dealer:

A
  • The salesperson must accompany the customer.
  • If not accompanied by the salesperson; a form must be completed and carried by the respective purchaser during the test drive.
22
Q

The Motor Vehicle Transaction Recovery Fund:

A

• Is funded by dealers and salespersons.

23
Q

The purpose of the Motor Vehicle Transaction Recovery Fund:

A

• Is to satisfy unpaid judgments against a dealer or salesperson that has defrauded a purchaser.

24
Q

If a salesperson’s license has been revoked as a result of failure to reimburse the Motor Vehicle Transaction Recovery Fund:

A

• The salesperson must reimburse the fund plus eight percent interest before reapplying for a license.

25
Q

A temporary certificate of ownership titled and registered in Virginia:

A
  • Is issued when the vehicle title is not available at the time of sale.
  • Can only be issued for one thirty day period.
26
Q

Temporary license plates:

A

• Should be destroyed after expiration or when permanent plates are issued.

27
Q

Payments to individuals by a salesperson for procuring a customer for the salesperson:

A

• Can result in a civil penalty or suspension of the salesperson’s license.

28
Q

Used vehicles in the inventory of a dealer that do not have a Virginia inspection sticker:

A

• Cannot be operated on the highway except to an inspection station.

29
Q

Applications, taxes and fees collected for the Department of Motor Vehicles on behalf of the buyer must be submitted to that Agency within:

A

• 30 days.

30
Q

If a vehicle is registered in Virginia and the owner does not have liability insurance, the penalty is an
uninsured motorist fee of:

A

• $500.

31
Q

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:

A

• Must handle the titling, registering and payment of fees directly with DMV.
Must collect the uninsured motor vehicle fee.

32
Q

Temporary Tags and Temporary Transport Tags can be loaned to another dealer.

A

• FALSE

33
Q

A “Demonstrator” is defined in part as a new motor vehicle which:

A
  • Has more than 750 miles accumulated on its odometer

* Requires a written disclosure to the customer

34
Q

Regarding “Internet employees” or persons who receive phone calls from Internet inquires:

A
  • May not quote pricing over the phone without a salesperson license.
  • May greet potential customers and set up appointments without a salesperson license.
35
Q

What is an “Open Title”?

A

• One that has been signed by the titled owner leaving blank the information on the buyer.

36
Q

On extended service contracts, for both parts and labor, the dealer must collect:

A

•Retail sales tax on one half of the retail cost of the service contract.

Dealer/Salespersons Test (8 decks)

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