Virginia Salespersons License Study

Virginia Salesperson's License Study Guide with Complete Solutions What is the penalty for violating the disclosure provisions of the Virginia Dealer Licensing Act's "As Is" law?

• A $1,000 fine.
• The customer may return the vehicle.
• A 10 day suspension of the dealer's license.
• Both A and B above. - Correct Answer D. Both A and B above

Vehicles can be sold in Virginia "As Is" if

• 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.
• All of the above. - Correct Answer D. All of the above.

A vehicle must be inspected

• Between the time it comes into a dealer's inventory and the time it is sold at retail.
• Unless it has a current inspection sticker.
• Unless it has more than six months remaining on the current inspection.
• None of the above. - Correct Answer A. Between the time it comes into a dealer's

inventory and the time it is sold at retail If a vehicle does not pass inspection

• The dealer cannot deliver the vehicle to a retail customer.
• 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.

• Either B or C above. - Correct Answer D. Either B or C above.

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

• Endorsement issued by the Board.
• License issued by MVDB.
• $25,000 bond.
• None of the above. - Correct Answer B. License issued by MVDB.

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

• The title is not available at the end of the first 30-day period.
• 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.
• The vehicle is to be titled and registered out of state.
• All of the above. - Correct Answer E. All of the Above 1 / 2

When issuing temporary license plates, the dealer

• May only charge the customer double the cost of the plates to the dealer.
• May not charge the customer a fee for the plates.
• May not charge the customer more than the fee charged the dealer for the plates. -

Correct Answer C. May not charge the customer more than the fee charged the dealer of the plates Temporary transport plates may be issued for no more than

• 5 days.
• 10 days.
• 15 days.
• 30 days - Correct Answer A. 5 days.

Temporary transport plates may be used to

• Transport parts to customers.
• Transport vehicles from auctions or other points of purchase or sale.
• Transport customers from the dealership to their desired destination.
• All of the above. - Correct Answer B. Transport vehicles from auctions or other points

of purchase or sale.True or False: A salesperson's "certificate of qualification" must be obtained before applying for a salesperson's license. - Correct Answer True Penalties for violating provisions of the statutes pertaining to motor vehicle salespersons include

• A fine of not more than $1,000 per violation.
• Suspension of the license.
• Revocation of the license.
• All of the above. - Correct Answer D. All of the above.

A new motor vehicle is defined as one which

• Has not been previously titled.
• Has less than 7,500 miles on the odometer.
• Has a manufacturer's certification that is conforms to federal safety and emission

standards.

• All of the above.
• A&B - Correct Answer E.

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

• Temporary dealership license.
• Certificate of registration.
• Certificate of qualification.
• None of the above. - Correct Answer B. Certificate of registration.
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