Class Topics
The following topics are covered extensively in your state mandated Dealer Education Course. Click on any topic to learn more.
How to Become a Licensed Motor Vehicle Dealer
Requirements Necessary to Maintain a Dealer License
Completing the Application for Dealer License
Filing Notice of Sale and Monthly Sales Reports
Reasons for Suspension and Revocation of a Dealers License
Records Inspections by the Department of Revenue
Federal Trade Commission Buyers Guide Laws
Off Site Shows and Off Site Sales
Advertising Regulations
Federal Financing Disclosure Requirements
Department of Revenue Notice of Lien and Record Look Up System
Repossessed Title Applications
Missouri Application for Title and License
Proper Assignment of Title
Transfer of Motor Vehicles Between Dealers
Reassignment of Ownership by Registered Dealers
Secure Power of Attorney and Regular Power of Attorney
Trade In Credits and Other Credits
Odometer Disclosure Requirements
Branded Missouri Titles
Out of State Titles
Driver Privacy Protection Act
USA Patriot Act
Safety and Emissions Inspections
Insurance Requirements
Temporary Permits
Use of Dealer License Plates
United States Treasury Cash Reporting Requirements
Dealer Ethics and Integrity
Illegal Titles
Internet Sales
Plus much, much, more!
How to Become a Licensed Motor Vehicle Dealer
Your Missouri Dealer Seminar instructor will take you through the entire
licensing process, step by step.
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Requirements Necessary to Maintain a Dealer License
You will find out the exact requirements that are necessary before you can
submit you dealer application to the Missouri Department of Revenue.
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Completing the Application for Dealer License
Your instructor will show you how to fill out your Application for a Dealer
License correctly. (Applications filled out incorrectly will be rejected by
the Department of Revenue.)
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Filing Notice of Sale and Monthly Sales Reports
Your Missouri Dealer Seminar instructor will show you how to fill out and
file your mandatory sales reports correctly. You will learn how to file
Notice of Sale Form 5049 and Monthly Sales Report From 385. Sales reports
that are filled out incorrectly will be rejected by the Department of
Revenue. Failure to report every sale correctly
can result in possible fines.)
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Reasons for Suspension and Revocation of a Dealers License
We will discuss the many reasons that could result in the revocation of your
dealer's license and how to avoid them.
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Records Inspections by the Department of Revenue
The Department of Revenue requires you to keep copies of all records related
to the day to day operation of your dealership. These records must be kept
from 3 to 5 years and you must be able to provide these records at any time
without notice. Your instructor will show you how to correctly maintain your
records.
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Federal Trade Commission Buyers Guide Laws
Federal laws require all dealers disclose warranty information before the
sale. A Federal Trade Commission Buyers Guide must be prominently displayed
on all motor vehicles held for resale to fully comply by this law. Penalties
for failure to disclose warranty information before the sale range up to
$10,000 per violation. Learn how to comply by this very important law at your dealer seminar.
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Off Site Shows and Off Site Sales
The Department of Revenue allows Missouri Dealers to participate in Off Site
Shows and Off Site Sales while requiring dealers to follow strict guidelines
before moving any vehicle inventories to another location.
During your Missouri Dealer Seminar you will learn how you can legally participate
in these very profitable off site shows and sales.
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Advertising Regulations
The department of revenue has strict advertising regulations all dealers
must adhere to. We will show you how to advertise your business legally.
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Federal Financing Disclosure Requirements
When you help your customers obtain financing for the vehicles they purchase
from you, you must abide by strict Federal credit disclosure laws. Learn about
financing disclosure requirements at your dealer seminar.
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Department of Revenue Notice of Lien and Record Look Up System
Find out what a lien is and how it will affect your day to day business. You
will also find out how to look up title information on the Department of
Revenue website.
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Repossessed Title Applications
Your Missouri Dealer Seminar instructor will show you how to make profit on
repossessed vehicles.
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Missouri Application for Title and License
We will complete the application for title in class. This is a great service
for your customers that can help you obtain future business.
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Proper Assignment of Title
Learn how to fill out a title correctly without making common mistakes that
can void the title.
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Transfer of Motor Vehicles Between Dealers
Find out how to clear out your overstocked inventory by reassigning
ownership of your vehicles to other dealers for a profit.
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Reassignment of Ownership by Registered Dealers
Your Missouri Dealer Seminar instructor will guide you through the process
of buying and selling a vehicle from an individual, an auction, or from
another registered dealer.
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Secure Power of Attorney and Regular Power of Attorney
Your Missouri Dealer Seminar instructor will show you how a dealer can use
these great forms to buy cars without titles for thousands of dollars under
value.
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Trade-in Credits and Other Credits
As a licensed motor vehicle dealer, you will be allowed to take all types of
valuable personal property as a trade in for your vehicles. Find out more in
your Missouri Dealer Seminar.
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Odometer Disclosure Requirements
You will learn what vehicles require odometer disclosure and which vehicles
are exempt.
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Branded Missouri and Out of State Titles
You will learn how to identify a vehicle that has prior salvage or rebuild
history.
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Out of State Titles
As a Missouri Dealer, you will work with titles from all over the country.
Learn how to fill out an out of state title.
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Driver Privacy Protection Act
You must know about this very important law that protects the privacy of
your buyers.
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United States Patriot Act
Find out how dealers must cooperate with the United States Government to
prevent future terrorist attacks.
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Safety and Emission Inspection Requirements
You will learn what vehicles require these inspections and which vehicles
are exempt.
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Insurance Requirements
As a licensed dealer you will be required to carry insurance on every
vehicle in your possession. Find out what type of insurance is required by
law.
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Temporary Permit Issuance
Your customers can legally drive off your lot with temporary permits. This
is a great selling tool that you will learn about in your Missouri Dealer
Seminar.
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Use of Dealer License Plates
You must abide by strict rules when using your dealer plates. Find out more
at your Missouri Dealer Seminar.
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United States Treasury Department Cash Reporting Requirements
Certain cash transactions must be reported to the IRS within 15 days to
avoid large Federal fines. Find out more in your Missouri Dealer Seminar.
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Additional Topics:
Ethics and Integrity
You will learn how avoid having your license revoked by operating your
dealership with complete honesty and integrity at all times.
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Illegal Titles
Learn how to identify an illegal title and how to stay away from them.
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Internet Sales
Your instructor will be able to provide an overview of how you sell your
vehicles on Ebay, the world's largest vehicle marketing place.
Plus much, much more
You can sign up at any time by going to our sign up page. If you have any
more questions, please use our convenient contact form or you may call us at
any time at 816-390-2267 or toll free at 1-800-369-2467
Classes begin at 8:30AM or 10:00AM. Find a class near you by clicking on
your Class Schedule.