Dealers license
Tip: Be an Auto Broker!
Dealers license Auto Broker
Fact #1:
You need a dealers license to be an auto broker!
An auto broker or auto buying service is a
person with a dealers license who
engages in the business of brokering with a dealers license where there is an arrangement under which
one with a dealers license for a fee or other consideration regardless of the form or type of
payment under the dealers license, provides, or offers to provide the service of arranging negotiating
assisting, or effectuating the purchase of a new or used motor vehicle, not
owned by the holder of the dealers license, for another or others.
Dealers license Auto Broker
Fact #2:
An auto broker
with a dealers license helps retail customers find cars from other dealerships
who have a dealers license.
The broker with a dealers license acts as an agent for the retail customer for the purpose of
finding, negotiating, and purchasing for a fee or commission, with a dealers
license. Therefore, there
is a relationship with the customer, which is outlined, in the signed brokering
agreement and governed by State law, which requires a dealers license. All States, including
Dealers license Auto Broker
Fact #3:
|
(Dealers
license law) CVC Section 11735 (e) " When brokering a retail
sale (holding a dealers license) as an agent of the consumer, selling dealer, or both, the brokering
dealer (who holds a dealers license) owes a fiduciary duty of utmost care, integrity, honesty, and
loyalty in dealings with its principal or principals." |
Dealers license Auto Broker
Fact #4:
Dealers license Auto Broker
Fact #5:
They have already researched which make, model, color and options they want on the vehicle, but they want somebody else ( a broker who holds a dealers license) to take care of finding them the best price. The way busy professionals rationalize this is that they are paid well for time at their desk, and if they have to take time away from work they actually lose more money finding the car on their own than hiring an auto broker with a dealers license.
Dealers license Auto Broker
Fact #6:
For example, there is an attorney next door to our office that is a very busy guy. He knew exactly which new Lexus he wanted so we found it for him at a better price than he could have found himself even after he paid the broker fee to the holder of the dealers license. Further, he had a 1989 Mercedes Benz Roadster that he had bought brand new that he wanted to trade in. That car was in perfect shape. He was too busy to sell that car himself, so we paid him $8,500 cash for the trade and resold it retail the next week for $12,000. All this because I have a dealers license.
Dealers license Auto Broker
Fact #7:
This is a great example of why the auto broker business is great; because
not only did we make $800 on the new car we brokered for him, we made a whopping
$3,500 on his trade, which wouldn't be possible unless I have a dealers license.
The insider
secret of the broker business is that you can make just as much money on the
trade, if not more, than the brokered deal since you have a dealers license!
Dealers license Auto Broker
Fact #8:
You will be amazed to see how many people who approach
you, because you have a dealers license, to broker a car for them will want to trade in their old car.
Do you remember who your customer is?
He is that busy guy who does not have time to breath, find a new car, or
even sell his old one. Finding his
new car and selling his old one is your job because you have the dealers
license, and that's why you will get paid
the big bucks to do it.
Dealers license Auto Broker
Fact #9:
Get your dealers license now and you too will be on the way to making easy money auto brokering. We will show you how to get your dealers license.