Does everyone who sells, displays for sale, offers for sale or exchanges more than two motor vehicles a year have to be licensed as a dealer?
No. An insurance company, bank, finance company, public utility company, State Tax Commission impound yard, federal or state governmental agency, or any other person coming into possession of motor vehicles as a part of his/her regular business, who sells the vehicles under contractual rights he/she may have regarding them, is not considered a motor vehicle dealer. Leasing companies and pawn shops are specifically not exempted under this provision. Anyone who sells or exchanges only those vehicles he has owned for more than 12 months will not be considered a motor vehicle dealer (41-3-103 UCA).
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