Dmv Salesperson Practice Exam Questions And Answers

In order for a dealer to occasionally rent a vehicle without a rental license: {Ans: The dealer cannot rent a vehicle without a rental license issued by DMV.}TRUE / FALSE: A dealer must make a copy of the written warranty available for the customer to read prior to the sale. {Ans: TRUE}If a salesperson's license has been revoked as a result of failure to reimburse the Motor Vehicle Transaction Recovery Fund: {Ans: The salesperson must reimburse the fund plus eight percent interest before reapplying for a license.}TRUE / FALSE: An "N" after the odometer reading on the title means the odometer reading is not actual. {Ans: TRUE}A dealer may allow the prospective purchaser to use the license plates assigned to the dealer for: {Ans: Up to 5 days, and may be renewed once.}In financing a vehicle on an installment sales contract, the APR stands for: {Ans: Annual percentage rate.}The reverse of the Buyers Guide must be signed. {Ans: In every retail sale of a used vehicle.}A temporary certificate of ownership titled and registered in Virginia: {Ans: Is issued when the vehicle title is not available at the time of sale. Can only