Which of the following is NOT a requirement for maintaining a dealer's license?

In the context of maintaining a dealer's license, attending mandatory industry seminars is not universally mandated as a requirement. Dealer licensing typically focuses on more tangible operational aspects and compliance with various legal standards. For instance, paying annual fees ensures that the dealer remains in good standing with regulatory bodies, while having a physical dealership location is crucial for the proper functioning of a business and meeting local business regulations. Conducting business ethically is also a fundamental expectation that helps maintain industry integrity and consumer trust.

In contrast, while attending seminars may be beneficial for staying current on industry trends and regulations, it is not typically a formal or legally enforced condition for retaining a dealer's license. This distinction helps delineate between operational obligations and professional development opportunities within the industry.