A California law does not provide an included “cooling off “period or other cancellation period for vehicle sales. The only exception is:

A dealer, changing ownership as a sole proprietor or partnership, is required to submit a new application and pay all fees within:

If a vehicle has over 100,000 miles on it you must

When can you pull a customer credit report?

Prior to entering into negotiations, the selling dealer must notify a purchaser if the vehicle has been:

How much notice is required when applying for a temporary branch location?

The California Vehicle Code (or CVC) contains almost all laws relating to the operation, ownership, and registration of vehicles in California.

What will happen if you fail to renew your dealer license on time and enter the 30-day grace period?

A dealer must, in writing, withdraw any advertisement of a vehicle that has been sold or withdrawn from sale within:

After selling a vehicle in California, how many days does a dealer have to submit the report of sale application copy, supporting documents and fees to the DMV?

A dealer’s license and special plates shall be automatically canceled if:  

A dealer must affix to all vehicles offered for sale:

Every retail dealer shall have a sign erected or posted at his place of business. The sign    shall have a total size of not less than:

Each retail dealer is required to maintain a proper display area:

A licensed dealer location must have all of the following except:

Should the dealer change the site or location of his established place of business, he shall notify the department:

The basic fee for transfer of ownership on a California registered vehicle is:

Any dealer who sells a vehicle when the title is branded “lemon law buyback “shall provide a disclosure statement to the buyer:

It is legal to reset the odometer reading on a vehicle:

A dealer may give a report of sale book to:

An auto broker must also be licensed as a:

A conditional sales contract is:

If a dealer accepts a vehicle as a trade-in and later finds out it has been reported as stolen, which of the following will happen?

Licensing requirements for a dealer’s license in California are from:

A dealer must include in all advertisements all of the following except:

You may keep DMV licensing fees in excess of DMV fees paid to you.

Which employees of dealership must be licensed as a DMV vehicle salesperson?

All the agreements of the buyer and seller with respect to the total cost and terms of payment must be contained in a single document. That document is:

Which legal actions may be taken against a dealer if they violate the laws, rules and regulations related to their licensed activity?

Within 20 days after the sale of a consigned vehicle the dealer must notify the consigner of:

As the selling dealer, you may allow the customer to take the vehicle to get their own smog certificate:

A retail dealer must maintain a surety bond or cash deposit in the amount of:

Which statement is correct?

 All dealers must renew their license prior to the expiration date. If a dealer fails to renew the license, but is within the 30 day expiration period. Which of the following will occur?

If a dealer is unable to find financing for a customer:

According to the California code of regulation, which safety items must a dealer comply with?

When a dealer sells a vehicle to a retail buyer he must:

When a dealer sells a consigned vehicle, the consignor must be paid the agreed amount within:

A dealer may charge a smog inspection and certification fee not to exceed:

All advertisements made by a dealer must identify the dealer:

The department, after notice and hearing, may suspend or revoke a license issued, to a dealer for doing which of the following:

A dealer must post a sign in a conspicuous place in the office that says:

Suspension or revocation of the dealer seller’s permit by the board of equalization is cause for

A used vehicle dealer is required to obtain a smog certificate:

Of the following used vehicle sale prices, which would a dealer not be required to offer a contract cancellation option agreement?

What is the maximum markup that dealers may add to a loan for their own profit?

Effective July 1, 2006, dealers who advertise a vehicle as “certified” will be in violation of the law if the vehicle they are referring to in the ad has the following history:

Which documents is used to account for the total cost and terms of payment?

Before you can apply for your dealer license, you need to get a resale permit (seller’s permit) from where?

What is required in an auto dealer’s advertisement for a vehicle for sale?

What is the purpose of Division 12 of the Vehicle Code?

How many cars can a private individual legally sell per year with the intent to profit?

Division 12 Safety Requirements may be waived:

What are examples of when a dealer MUST disclose vehicle history in writing?

Which is a DMV policy, but not an actual law?

Which one of the following statements is considered unlawful dealer activity?

Which of the following part is not considered Division 12 equipment?

Vehicle transfer from REG. 262 is required to be filled when:

Dealer can use the word broker in advertising if:

When is a sales contract fully executed?

How much is the maximum amount a dealer can charge for a Documentation Preparation Fee?

What is the purpose of Division 12?

Division 12 requirements may be waived only:

Which of the following is required by law?

What is an example when a smog check is NOT needed?

Once a dealer gets a smog check for a vehicle in inventory, how long is the smog check good for while the vehicle stays in the dealer’s inventory?

What is the most a dealer can charge a retail buyer for smog fee?

How many cars can a private individual legally sell per year with the intent to profit?

Which of the following statements is correct?

What is the minimum sign size requirement for the established place of business?

When must the dealer complete another dealer continuing education class?

California dealer advertising laws apply to which, of the following media types:

What must a dealer do when selling vehicles at temporary location?

After return of the vehicle under AB68, the dealer is required to refund the customer?

Which person can use inventory vehicle with the dealer plate 24/7 for personal use?

What is the proper location to place the dealer plate while on a test drive?

Which of the following statements is NOT correct?

Which of the following signs has to be posted in dealership office?

Sales or use tax is levied on which of the following items?

What will happen if you don’t pay the ASF?

Any Retail Consignment agreement must include the following:

How many days is the cooling off period allowed under AB 68 regulation?

How much time does the DMV have to tell you if they accept or deny your application?

Retail Dealers (selling more than 6 vehicles per year) must display Federal Buyer’s Guide in plain view (with both sides visible) and may be either:

• Hung from the rear-view mirror or outside side-view mirror
• Placed under a windshield wiper
• Attached to a side window

If a vehicle’s odometer is repaired and cannot register the same mileage as before the repair

A Conditional Sales Contract must include all of the following (for cars under $40k)

• A Contract Cancellation Option with a “2-day cooling-off period”
• All costs & terms of payment
• Written disclosure(s) for any aftermarket add-on items
• All financial aspects of the sale
• Signatures of both the Buyer and the Seller

Interest rates must be shown on the Contract as “APR*” so Buyers can understand the actual yearly cost of borrowing.

An additional DMV License or Permit is not required for “display only” areas if:

• The area is within 1,000 feet of your dealership
• No sales take place within that area

A vehicle must be in a Dealer’s inventory for sale (owned or lawfully possessed by the dealer) before anyone can use a Special (Dealer) Plate on it.

If you collect estimated DMV fees that exceed the amount paid to the DMV, you must refund the difference to the Buyer.

California Used Vehicle Dealers are not required to disclose when a vehicle has had prior accidents or frame damage.

When a Wholesale or Retail Dealer plans to move from their licensed location, they must notify the DMV:

Dealers must finalize a Used Vehicle application within:

It is OK to lend your Dealer supplies or special plates to another Dealer if they are licensed.

Dealers must notify the DMV of Salesperson Termination within:

What is the proper location for a dealer/special plate?

How long does a Dealer have to withdraw an advertisement when the advertised vehicle is sold or no longer for sale?

How often are Dealers required to complete a “Continuing Education” course from a DMV Approved provider?

How long does the DMV have to investigate and complete the processing of your application?

A registration fee, California Highway Patrol fee, Vehicle License fee (.65% of vehicle value), and county/district fees are due for most vehicles registered for on-highway use.