Motor Vehicle Dealer Regulations Flashcards

A Florida motor vehicle dealer must display their license in which location?

Answer: In a conspicuous place at the licensed location

Florida law requires dealers to display their license in a conspicuous place at the licensed dealership location.

What is the minimum lot size requirement for a franchised motor vehicle dealer in Florida?

Answer: No minimum lot size is required

Florida statutes do not specify a minimum lot size for franchised dealers, though the location must meet other HSMV requirements.

How long must a Florida dealer retain records of vehicle transactions?

Answer: 3 years

Florida dealers are required to retain records of vehicle transactions for a minimum of three years.

A dealer sells a vehicle with an undisclosed rebuilt title. Under Florida law, this constitutes:

Answer: Grounds for license revocation and criminal prosecution

Concealing a rebuilt title is fraudulent misrepresentation, which can lead to license revocation and criminal charges under Florida law.

Which entity is responsible for issuing motor vehicle dealer licenses in Florida?

Answer: Florida Department of Highway Safety and Motor Vehicles (FLHSMV)

The FLHSMV is the state agency that issues and regulates motor vehicle dealer licenses in Florida.

A used motor vehicle dealer in Florida is required to provide a buyer with which document at the time of sale?

Answer: A buyers guide disclosing warranty information

Federal FTC rules (enforced in Florida) require used car dealers to provide a Buyers Guide disclosing warranty or as-is status.

What must a Florida dealer do if they wish to hold a temporary off-site sale or exhibit?

Answer: Obtain a temporary supplemental license from FLHSMV

Florida dealers must obtain a temporary supplemental license from FLHSMV before conducting sales or exhibits at off-site locations.