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Section 5

Auto Brokers

  1. An auto broker is a dealer who for a fee or other consideration arranges, negotiates, assists, or effectuates the purchase of a new or used vehicle, not owned by the dealer, for another. [V.C. §§285, 232.5, and 166]

  2. Bulls EyeUsed motor vehicle dealers who obtain an auto broker’s license (called an “endorsement”), may broker NEW as well as used vehicles!  Note also that a used motor vehicle dealer CANNOT broker sales of vehicles unless they obtain the broker’s license (endorsement).

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