Practice Test Geeks(FLHSMV) Florida Highway Safety and Motor Vehicles Practice Test
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Motor Vehicle Dealer Regulations Flashcards

7 cards from real FLHSMV practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

Read the first 7 Motor Vehicle Dealer Regulations flashcards as text

  1. Under Florida law, which of the following is considered an 'independent dealer'?

    Answer: A dealer who sells used vehicles without a manufacturer franchise

    An independent dealer in Florida sells used vehicles and does not hold a franchise agreement with a vehicle manufacturer.

  2. A Florida motor vehicle dealer applicant has a felony conviction. How does this affect their application?

    Answer: FLHSMV may deny the license based on the nature and circumstances of the felony

    FLHSMV reviews felony convictions on a case-by-case basis considering the nature, circumstances, and rehabilitation evidence.

  3. What is the maximum number of vehicles a 'casual or occasional' seller may sell in Florida without needing a dealer license?

    Answer: 4 vehicles per year

    Florida law allows individuals to sell up to 4 motor vehicles per year without requiring a dealer license.

  4. A Florida dealer's license must be renewed:

    Answer: Every two years

    Florida motor vehicle dealer licenses are renewed on a biennial (every two years) basis.

  5. Which of the following actions would require a dealer to notify FLHSMV?

    Answer: Changing the dealership's physical address

    Dealers must notify FLHSMV of any change in business location, as the license is location-specific.

  6. A Florida dealer who sells a vehicle without transferring the title within the required timeframe may face:

    Answer: A fine and potential license suspension

    Failure to timely transfer title is a violation that can result in fines and license suspension.

  7. The 'dealer reserve' in a vehicle financing transaction refers to:

    Answer: Additional profit a dealer earns from markup on the finance rate

    Dealer reserve is the difference between the interest rate the lender approves and the rate the dealer charges the customer, representing additional profit.