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
Which of the following best describes a 'wholesale dealer' license in Florida?
Answer: A dealer who buys and sells vehicles exclusively to other licensed dealers
A Florida wholesale dealer is licensed to conduct vehicle transactions only with other licensed dealers, not with the general public.
Under Florida statutes, a motor vehicle dealer's surety bond is designed to protect:
Answer: Consumers and others harmed by the dealer's violations
The surety bond required for Florida dealer licensing provides financial protection for consumers and other parties harmed by the dealer's unlawful acts.
A Florida motor vehicle dealer sells a vehicle but fails to collect sales tax. Who is ultimately responsible for remitting the tax to the state?
Answer: The dealer remains responsible for collecting and remitting the tax
Florida dealers are required to collect sales tax at the point of sale and remit it to the Department of Revenue; failure to do so is the dealer's liability.
A dealer who operates without a valid Florida dealer license is subject to:
Answer: Criminal penalties including potential imprisonment
Operating as a motor vehicle dealer without a valid Florida license is a criminal offense that can result in fines and imprisonment.
When must a Florida dealer apply for a new dealer license if they change the form of their business entity (e.g., from sole proprietorship to LLC)?
Answer: Before operating under the new entity
A change in legal business entity requires a new dealer license application before operating under the new entity in Florida.
Florida dealer regulations prohibit a practice known as 'jamming,' which refers to:
Answer: Adding unauthorized products or charges to a buyer's contract without consent
Jamming refers to adding products or fees to a sales contract that the buyer did not agree to purchase, which is illegal under Florida dealer regulations.
A Florida dealer must apply for a title on behalf of a buyer within how many days of the sale?
Answer: 20 business days
Florida law requires dealers to apply for title transfer on behalf of the buyer within 20 business days of the vehicle sale.