A new car dealer license to sell new and used motor vehicles. You will receive a certificate upon completion of the course.
In most states there is no auto brokers license.
How to get an auto broker license in california. Yes you do need a car dealer s license to become an auto broker. You can apply for. Obtain an employer identification number ein from the irs register your business with the secretary of state.
To apply for your license complete and submit the following. There are a few states with the designation of auto broker such as in california. Each line of authority in california requires twenty 20 hours of pre license education.
Before you can apply for your license at the california dmv you must register your business in the state. And your local city or county office can set you up with a business license certificate business tax certificate and related items. A detailed business plan outlining how you plan to obtain funding clients and cars as well as your proposed fee and business structure a background check and your financial history which may also be required for getting your surety bond.
If you deal used vehicles dealer wholesale only complete all forms in the used dealer applications forms packet ol 248u. No additional paperwork is required to get an auto broker endorsement. The california department of consumer affairs will help you apply for the automotive repair dealer license.
At the very least an independent auto broker requires a selling permit in order to buy and sell used vehicles. What is an auto broker. Your seller s permit should be obtained from the california department of tax fee administration.
If you deal new vehicles complete all forms in the new dealer applications forms packet ol 248n. The california department of motor vehicles dmv and the occupational licensing section oversee all dealer license applications. You simply get an auto dealers license and operate your business with the auto broker model as i teach in my training course.
You just have a check a box on your licensing application. The second part of the kit is a companion supplement providing useful tips for becomming an auto broker including how to establish relationships with banks and auto dealerships when becoming an auto broker. If you decide to become an auto broker you will need to make sure you re legal.
This means that if you wish to get a property and casualty license you must take forty 40 hours of pre licensing and for life accident and health you must also take forty 40 hours. To complete the business registration process you need to. Filling out your application for an auto broker license will typically include.
You can add an auto broker endorsement to either a wholesale dealer license or a retail dealer license. As a wholesaler dealer having an auto broker endorsement is the only way to sell directly to the public.