ITD Dealer License Practice Test

These questions are part of the practice quiz. Start practicing

• Who is responsible for completing the Notice of Release of Liability (form ITD 3858)?
• What is one requirement for the interior principal place at a dealership?
• What record should dealers maintain to track vehicle inventory?
• When must your dealership have a licensed dealer or salesperson present?
• What is a primary characteristic that differentiates a retail dealer from a wholesale dealer?
• What must dealers ensure when advertising vehicles for sale?
• Are vehicle auctions subject to the same licensing requirements as traditional dealerships?
• What is an important ethical responsibility of a dealer when selling a vehicle?
• What is the first phase of renewing an ITD Dealer License?
• When is zoning approval necessary?
• What might a vehicle identified with a salvage brand be subjected to?
• What is the primary requirement before obtaining a sales license?
• What documents are typically required for a consignment?
• What must be conducted on a vehicle before selling it?
• What must dealers do if they intend to move their business location?
• What form is needed from other sellers to not pay sales tax?
• What are the building requirements for having a dealer at a residential location?
• What kind of vehicles can a recreational vehicle dealer sell?
• What type of insurance coverage is beneficial for dealers in case of client claims?
• What must a dealer maintain for their salespeople?
• What is a key requirement for electronic copies of records?
• What items are removed from the dealership if the bond lapses or goes inactive?
• How is a warranty typically offered by dealerships?
• Can online sales be conducted by a licensed dealer?
• How many states report title and brand records to the NMVTIS?
• What agency is primarily responsible for dealer licensing in Idaho?
• What aspect of electronic record keeping is emphasized?
• What is the bond amount required for a retail dealership?
• What training program is often recommended for prospective auto dealers?
• What must a salesperson carry while selling or driving a vehicle with a dealer plate?
• What is the recommended size for retail signage at a dealership?
• Where can a permanent supplemental lot be located?
• Which of the following is NOT a requirement for the dealership's display area?
• What defines a temporary supplemental lot?
• What is a key requirement for new car dealers when submitting their applications?
• After selling a vehicle, what must the dealer provide to the buyer?
• What does ICAR stand for?
• What locations do the signage requirements apply to?
• What is one way dealers can protect themselves against liability claims?
• How are records considered secured when stored online?
• When must the phone number be answered in the dealership name?
• Can a dealer sell vehicles damaged in accidents without disclosure?
• What is the minimum total insurance coverage required for two people in a bodily injury or death incident?
• What is the primary purpose of obtaining an ITD Dealer License?
• What will your MVI inspect during the licensing process?
• What key information is necessary for issuing a paperless title?
• What is required to maintain a car dealership in terms of business operation?
• Can a dealership sell vehicles without a physical sales lot?
• What aspect must be included in the sales contract regarding warranties?
• What is an essential requirement for the filing cabinet at the dealership?
• Which of the following documents is associated with lien satisfaction?
• What must records maintain online to ensure integrity?
• What is the primary function of a permanent supplemental lot?
• What is the minimum property damage insurance coverage required for dealers?
• When can you order plates for your business?
• What type of information is critical to include in advertisements for financing?
• What feature is required for the office phone at a dealership?
• What is the maximum duration a temporary supplemental lot is valid for?
• What varies by state concerning the terms of an ITD Dealer License?
• What is the purpose of a dealer bond in the licensing process?
• What characteristic must signage have according to the regulations?
• Which legal document is necessary for a dealership’s operations before opening?
• What is ITD's typical timeframe for issuing a paper title after notification from a lienholder?
• What are the signage requirements for wholesale dealers?
• What is required before a vehicle can be sold to ensure compliance with state laws?
• How frequently must a dealer license be renewed?
• Which of the following best describes TILA?
• What role does transparency in vehicle sales play?
• What is required from a salesperson who wishes to operate under a dealer's license?
• When must dealers report a change of ownership of their business?
• What is the purpose of the Vehicle Dealer Administrator's role in the licensing process?
• True or False: A salesperson is obligated to return their Pocket ID upon leaving a dealership.
• Are inactive company members required to hold a sales license?
• How long must records be made available for ITD audit?
• What form is required to demonstrate liability insurance?
• Which system can be used to search for branded titles?
• What is a significant aspect of the sales process a dealer must comply with?
• What should dealers do when changing their location?
• What are the requirements for advertising financing options?
• What is a major benefit of using the NMVTIS?
• Which of the following vehicles can a powersports dealer sell?
• What is required to store documents electronically?
• When may vehicles be displayed for sale off a dealership's premises?
• Is a criminal background check part of the Dealer License application process?
• Which elements are required to be included on your dealership signage?
• What does the term "consignor" refer to in a consignment agreement?
• What requirement is mandatory for the dealer license?
• What is the annual cost associated with ICAR?
• Who is permitted to contact prospective customers related to vehicle sales?
• How must the owner's name appear on the ITD 3415 consignment form?
• What is the fee associated with applying for an ITD Dealer License?
• What kind of records must dealers maintain for their transactions?
• What qualification allows a dealer to rely on ICAR instead of maintaining a surety bond?
• What does ITD stand for in the context of the Dealer License?
• Who is required to complete a Personal History Form (PHF)?
• What is the minimum duration for which notice must be given before storing documents online?
• What requirement is exempt for temporary supplemental lots compared to permanent ones?
• What insurance coverage is typically required for a dealership?
• Who is prohibited from notarizing the application?
• Which of the following could be an unethical practice in vehicle sales?
• Where can a chalice be sold or offered for sale?
• What is the reason for a 10-day payoff in a lien situation?
• When do you need to declare your principal place hours?
• What is the time frame for retrieving digital documents?
• What does the term “buy here, pay here” refer to in the dealership context?
• Under what circumstances may a dealer license be refused?
• What are the initial application and renewal application fees respectively?
• During which days must the principal place hours be maintained?
• What information should be included in the electronic lien system?
• Is it permissible to post "by appointment only" for your declared business hours?
• If the lienholder does not provide a document stating the lien has been satisfied, what should you do?
• What must a dealer do with unsold vehicles at the end of a sales event?
• What is the purpose of disclosing defects to a vehicle buyer?
• What is the main purpose of a Release of Liability?
• What does a "paperless title" signify?
• Which document must a dealer provide when transferring ownership of a vehicle?
• To whom is a wholesale dealer permitted to sell vehicles?
• When can you apply for a temporary supplemental lot?
• How often must a dealer renew their ITD Dealer License?
• Name one consequence of operating without an ITD Dealer License.
• When is it unnecessary to submit a Notice of Release of Liability (form ITD 3858)?
• When are the ITD inspections scheduled?
• What is the minimum bodily injury or death insurance coverage for one person?
• What is the maximum duration of a temporary supplemental lot permit?
• Which of the following is a potential consequence of title jumping?
• Which of the following is NOT a restriction for a wholesale dealer?
• What happens if the signature on a PHF application is dated more than 10 days ago?
• Are there restrictions on where a dealer can source their inventory?
• What action must a dealer take if they face revocation or suspension of their license?
• How does NMVTIS help in terms of fraud prevention?
• What does a theft recovery brand indicate about a vehicle?
• How often are sales licenses required to be renewed?
• When will the ITD communicate regarding dealer license renewals?
• Why is compliance with TILA important for dealerships?
• What does ICAR cover?
• What are the physical signage requirements apart from zoning?
• What is a potential consequence of failing to disclose defects?
• What is one requirement for becoming a wholesale dealer?
• What is one of the MVI's main inspection criteria?
• What kind of educational resources does the ITD provide for dealers?
• What is one restriction on the signature of a PHF application?
• What constitutes a temporary Pocket ID?
• What type of supplemental lot is a long-term location for the dealership?
• What type of certificate allows a buyer to avoid paying sales tax?
• Are there continuing education requirements for dealers?
• What is the difference between a temporary supplemental lot and a casual lot?
• What can a buyer request regarding a vehicle's warranty?
• What happens if a dealership fails to adhere to the location requirements for a temporary supplemental lot?
• Who does a surety bond primarily protect?
• Who can pay off a vehicle loan?
• What must a dealer provide to verify their business premises meets state regulations?
• What is considered a serious violation of dealership regulations?
• What factor must be considered for the zoning approval of temporary supplemental lots?
• What would happen if a salesperson does not notify ITD after leaving?
• What items are needed to apply for a supplemental lot?
• What is the minimum number of vehicles a dealer must sell in a year to maintain their license?
• What is an alternate name for the Dealer Owner and Salesperson Application?
• What happens to the dealer license for the permanent supplemental lot?
• What qualifies as a supplemental lot?
• What is the required time frame for paying off a vehicle loan?
• What document must applicants submit that shows their business structure and ownership?
• What is the minimum hour requirement for the principal place of business?
• What is the minimum age to qualify for a sales license?
• What must a dealer ensure about a casual lot?
• How often must a retail dealer pay the ICAR fee?
• What is the appropriate name for the consignment form?
• When should the dealership name be included in phone or voicemail greetings?
• What must a dealer do to ensure compliance with safety standards?
• Which document must a dealership provide when renewing its license?
• Which of the following is essential for utilizing electronic record storage?
• How long is the Pocket ID valid after application?
• Which type of vehicle information must dealers disclose under ethical practices?
• What signifies a rebuilt salvage brand?
• What are the requirements of a permanent supplemental lot?
• Where must the dealer's phone number be listed?
• In what situation is a temporary supplemental lot typically used?
• What is required for a temporary supplemental lot application?
• What must a business provide to apply for a supplemental lot?
• What does the salvage brand indicate about a vehicle?
• How many vehicles may be displayed at a casual lot?
• How should advertisements for financing clearly present interest rates?
• What should a dealer do if they receive a notice of non-compliance?
• How does the dealer licensing process typically start?
• What is the location requirement of a temporary supplemental lot permit?
• Which vehicle transactions require a dealer to collect sales tax?
• What is the primary function of the NMVTIS?
• What is the maximum period allowed between ITD inspections for dealers?
• What must dealer to dealer transactions be searchable by?
• If a powersports dealer wants to sell a vehicle, what must they do?
• What must a dealer perform before requesting a sales license for an owner or salesperson?
• Which document serves as proof of right to use a physical location for the dealership?
• What is legally required to be defined in a consignment agreement?
• Which program facilitates electronic liens and certifications of title?
• What is a salvage pool brand used for?
• Can a dealership operate without a vehicle sales license?
• What form is required for the Notice of Release of Liability?
• How long can the dealer application processing take?
• Which of the following statements is true regarding dealership communication?
• What must a dealer do if they discover a vehicle defect after sale?
• What does the term “title jumping” refer to in dealership operations?
• Which type of dealer license is issued for the sale of new and used automobiles?
• How long can a temporary Pocket ID be used?
• What defines a previous state brand?
• What time frame must the principal place remain open during the specified days?
• In a consignment agreement, who is referred to as the consignee?
• What is one key responsibility of a dealer after a sale has been completed?
• What is the penalty for violating electronic storage regulations?
• What does proper title transfer ensure during a vehicle sale?
• How much is the annual fee for ICAR for retail dealers?
• How long is the pre-licensing class certification valid?
• What is one of the basic eligibility requirements for obtaining an ITD Dealer License?