The license of a motor vehicle salesperson or power-sports salesperson may be denied,revoked or suspended on any of the following grounds except: - Correct Answer b) advertising a salvaged vehicle while identifying the vehicle as a salvage vehicle
According to colorado law, which of the followi...
Sales Mastery Exam Set Of Questions And
Correct Answers | Graded To Pass
The license of a motor vehicle salesperson or power-sports salesperson may be
denied,revoked or suspended on any of the following grounds except: - Correct
Answer b) advertising a salvaged vehicle while identifying the vehicle as a
salvage vehicle
According to colorado law, which of the following must be licensed as a motor
vehicle dealer and or powersports dealer? - Correct Answer d) All of the above
Colorado Lemon law covers: - Correct Answer c)defects that substantially impair
the market value of a vehicle
Three of the following are required to be disclosed in an advertisement when a
dealer is advertisement a closed end credit sale of a mother vehicle or
powersports...except? - Correct Answer d) tax rate
The motor vehicle dealer board is authorized and empowered to: - Correct Answer
D)all of the above
Local law enforcement officers must be notified within 1 hours before or after the
repossession of a motor vehicle occurs: - Correct Answer A)1 hours
All motor vehicle dealers and power-sports dealers must post a celar, legible sign
on their principal place of business if: - Correct Answer B) they wull be open less
than 40 hours a week
A dealer may issue a temporary permits for each roadworthy vehicle sold - Correct
Answer B) false (verify)
The motor vehicle dealer board may be decide how large a fine to impose on a
dealer who sells primarily vehicles that weigh 1,500 pounds or moreso long as it
does not exeed 5k - Correct Answer a)True (verify)
The colorado consumer protection act declares bait and switch advertising to be
deceptive trade practice. Bait and switch advertising includes which of the
following - Correct Answer d)all of the above
, Three of the following types of motor vehicles are exempt from the truth in
mileage act. Which one is not exempt? - Correct Answer B)motor vehicles with
out-of-state titles
The motor vehicle dealer board does not have among its members - Correct
Answer c)three employees from the enforcement division
What is the highest fine per offense that the motor vehicle dealer board or an
administrative law judge may impose on a dealer , who sells primarily vehicles that
wigh less than 1,500 pounds - Correct Answer $1,000
Three of the following are characteristics of an off-premise permit. . WHich one is
not? - Correct Answer The permit cannot exceed six days except for the national
western stock show, the colorado state fair, greely stampede
Which of the following is a true statement regarding dealers and buyers? - Correct
Answer B) a dealer shall clearly indicate on the costumer contract when a vehicle
sold "as is" and withou a guarantee
When advertising a specific number of motor vehicles that same number of
vehicles must have been invoiced to the dealer - Correct Answer A)True
Dealers must either be self insured or have insurance for their vehicles - Correct
Answer A)True
In transite plates may be used on motor vehicles - Correct Answer D) consigned to
wholesale auction dealers for transport from point of purchase to point of storage
When a salesperson leaves a dealer, that dealer must do all of the following except
- Correct Answer Immediately employ a new salesperson, licensed or not
The license of a new or used dealer, wholesale auction dealer or wholesaler may be
denied suspended, revoked or fined for all of the following grounds except -
Correct Answer Employing a properly licensed salesperson
The only items that can be added to an advertised price are - Correct Answer C)
Dealer handling and preparation charges
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