CA DMV
VIRP Manual
Executive Summary
California DMV VIRP section 2.010 (Autobroker (VC §166)) covers an autobroker or auto buying service is a dealer as defined in VC §285, who engages in the business of brokering as defined below: Brokering is an arrangement. A dealer may not engage in brokering a retail sales transaction without having an autobroker’s endorsement to their dealer’s license. Part of General Information – Licensees. Tags Clinic hosts the official manual text unchanged below for dealers and registration services in California.
Key Takeaways
- An autobroker or auto buying service is a dealer as defined in VC §285, who engages in the business of brokering as defined below: Brokering is an arrangement….
- A dealer may not engage in brokering a retail sales transaction without having an autobroker’s endorsement to their dealer’s license.
- This endorsement subjects the dealer to all of the licensing, advertising, and other statutory and regulatory requirements and prohibitions applicable to a….
- An autobroker will be required by DMV to maintain a log for each retail sale brokered by that dealer and deposit the purchase and deposit money into a trust….
Important Facts
- Manual section
- 2.010
- Chapter
- General Information – Licensees
- Manual text
- Verbatim DMV VIRP source below the overview