Auto Broker License
The fact is that you do need a dealer’s license to be an auto broker! AA Access can get you there in no time. An auto broker or auto buying service is a person with an auto broker license who engages in the business of brokering with a dealer’s license where there is an arrangement under which one with a dealer’s license, for a fee or other consideration, regardless of the form or type of payment under the dealer’s 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 auto broker dealers license, for another or others.
An auto broker license along with a dealer’s license helps retail customers to find cars from other dealerships who also have a dealer’s license. The auto broker license holder with a dealer’s license acts as an agent for the retail customer for the purpose of finding, negotiating, and purchasing for a fee or commission, with a dealer’s license. Therefore, there is a relationship with the customer, which is outlined, in the signed brokering agreement and governed by State law, which requires an auto broker dealer’s license. All States, including California have dealer’s license laws that regulate the auto broker with a dealer’s license, such as the law below. Since, the broker with a dealer’s license earns a fee for doing this for the retail customer, why would customer want to pay such a fee to the broker with the dealer’s license? This can be as much as $1,200 depending upon the price of the car. Simple, here in the United States there are many consumers that are very busy and don’t have time to breath in air. Such a consumer does not have an auto broker license or a dealer’s license, and still has a need to buy cars but does not have time to look for them.
In most cases they have already researched which make, model, color and options they want on the vehicle, but they want somebody else, this is where you and your auto dealer license come in, a broker who holds a dealer’s 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 a broker with both an auto broker license and a dealer’s license. You will be amazed to see how many people who approach you, because you have an auto broker 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 auto broker license, and that’s why you will get paid the big bucks to do it.
