3 minute read
Read & Respond: Continuing Ed Quiz
READ AND RESPOND | JULY/AUGUST 2021
The WSIADA Read and Respond quiz allows the reader to earn 1 hour of continuing education credit toward the dealership’s required annual renewal. Payment options are available for non-members of the association for notification to the Washington State Department of Licensing. A passing grade will be granted for scores of 80% or greater. If a passing grade is not granted, the reader may retake the quiz.
Dealership Name _________________________________ Dealer# __________________________
Check: ¡ I have read and understand the disclaimer above. Send your completed quiz to WSIADA. MAIL: 707 Auburn Way South; Auburn, WA 98002 FAX: 253-804-0844 EMAIL: education@wsiada.com
Quiz Taker’s Name ________________________________ Position ________________________________ Email ______________________________
Signature ___________________________ Date ______________ Business Phone _____________________ Fax _____________________
Circle the correct answer.
1: Vehicle Licensing Offices will provide which document if a standard plate is not issued during the license plate shortage in Washington State.
a. A hard Temp Permit b. Reissue previous plate c. Handicap window placard d. Paper Plates 2: A buyer is not entitled to the cash value of the trade-in if the trade-in has been sold during the bushing period?
a. TRUE b. FALSE
3: A floorplan provider should be viewed as which type of benefit for your dealerships bottom line?
a. Inventory Acquisition b. Cash flow flexibility c. Level of service d. A Tool for Success
4: When a customer leaves a negative review with a business, its usually due to which issue?
a. Expectation Issue b. Service Issue c. Sales Issue d. Staff Issue 5: Dealerships may continue to use this existing form until Department of Licensing issues the updated form.
a. Buyer’s Guide b. Title Application c. Bill of Sale d. Odometer Statement
6: The Federal Clean Energy for America Act would increase incentives for consumers buying electric vehicles from $7,500 to what amount?
a. $10,000 b. $12,500 c. $15,000 d. $17,500 7: A Spot Delivery, a sale agreement of more than four days, is a violation of which state Act?
a. Fair Credit Reporting Act b. Consumer Protection Act c. Truth in Lending Act d. Federal Odometer Act 8: The WSIADA Education Fair’s gives dealers the opportunity to do the following
a. Speak with State Agencies presenters b. Meet with other dealers for prospective business relationships c. Earn entire education credits for renewal requirements d. Meet with vendors for business growth potential 9: Car dealers are allowed how many working days to find financing and finalize a sale after a buyer has signed a contract?
a. 3 b. 4 c. 7 d. 14
10: DRIVE and E-Permitting underwent a system update on which date to include the new NTHSA 20-year Odometer Disclosure requirements?
a. January 1, 2021 b. July 4, 2021 c. July 5, 2021 d. July 6, 2021
Please be advised that the information contained in WSIADA’s the Front Row is, to the best of our knowledge, current and correct. However, we caution readers not to use the information provided to them as final authority. Its purpose is to be a guide. Any legal advice should be regarded as general information. It is strongly recommended that one contact an attorney for counsel regarding specific circumstances. Some articles may express opinions and/or suggestions for best practices. Likewise, the appearance of advertisers or their identification as members of WSIADA, does not constitute an endorsement of the products or services featured.
WASHINGTON STATE INDEPENDENT AUTO DEALERS ASSOCIATION 707 Auburn Way South Auburn, WA 98002
WSIADA.COM
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For More Information Contact: WASHINGTON STATE INDEPENDENT AUTO DEALERS ASSOCIATION
707 Auburn Way South | Auburn, WA 98002 Phone 253-735-0267 | Fax 253-804-0844 staff@wsiada.com | WSIADA.COM
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