STATE OF COLORADO MOTOR VEHICLE DEALER BOARD MASTERY EXAM QUESTIONS AND VERIFIED ANSWERS 2024 LATEST GUIDE. 2 / 21 1. The MotorVehicle Dealer Board has among its members: Board is comprisedof three (3) motor vehicle dealers, three (3) used motor vehicle dealers, and three (3) public members 2. The ...
STATE OF COLORADO MOTOR VEHICLE DEALER
BOARD MASTERY EXAM QUESTIONS AND
VERIFIED ANSWERS 2024 LATEST GUIDE
,STATE OF COLORADO MOTOR VEHICLE DEALER
BOARD MASTERY EXAM QUESTIONS AND
VERIFIED ANSWERS 2024 LATEST GUIDE
The Motor Vehicle Dealer Board has among its members - ANSWER-Board is
comprised of three (3) motor vehicle dealers, three (3) used motor vehicle dealers, and
three (3) public members
The Motor Vehicle Dealer Board is authorized and empowered to
a. issue or deny buyer agent licenses
b. issue or deny manufacturer representative licenses
c. issue or deny motor vehicle dealer and salesperson licenses
d. all of the above - ANSWER-C. the administration, enforcement, issuance, and denial
of licenses to motor vehicle dealers, motor vehicle salespersons, used motor vehicle
dealers, wholesale motor vehicle auction dealers, and wholesalers
The executive director is hereby charged with the administration, enforcement, and
issuance or denial of the licensing of buyer agents, distributors, manufacturer
representatives, and motor vehicle manufacturers.
The Motor Vehicle Dealer Board is authorized and empowered to:
a. investigate any suspected or alleged violation by any motor vehicle salesperson
b. investigate any suspected or alleged violation by any motor vehicle dealer
c. order an administrative hearing be held if it believes there is probable cause that a
violation occurred
d. all of the above - ANSWER-D.
(f) (I) To investigate through the executive director, on its own motion or upon the
written and signed complaint of any person, any suspected or alleged violation by any
motor vehicle dealer, motor vehicle
salesperson, used motor vehicle dealer, wholesale motor vehicle auction dealer, or
wholesaler licensee of any of the terms and provisions of this part 1 or of any rule or
regulation promulgated by the board
under the authority conferred upon it in this section. The board shall order an
investigation of all written and signed complaints, shall have the authority to issue
, STATE OF COLORADO MOTOR VEHICLE DEALER
BOARD MASTERY EXAM QUESTIONS AND
VERIFIED ANSWERS 2024 LATEST GUIDE
subpoenas and to delegate the authority to issue subpoenas to the executive director,
and the executive director shall make an investigation of all such complaints transmitted
by the board pursuant to section 12-6-105.
if the board determines that there is probable cause to believe a violation of this article
has occurred, it may order that an administrative hearing be held pursuant to section
24-4-105, C.R.S.
Dealers may be administratively fined by the Dealer Board up to what amount for
each separate offense? - ANSWER-(m) (I) (A) If a hearing is held before an
administrative law judge or a hearing officer designated by the
board from within the board's membership, after due notice and a hearing by such judge
or hearing
officer pursuant to section 24-4-105, C.R.S., to review the findings of law and fact and
the fairness of any
fine imposed and to uphold such fine, to impose an administrative fine upon its own
initiative, which
shall not exceed ten thousand dollars for each separate offense
New and used motor vehicle dealers, wholesalers and wholesale auction dealers are
required to have a surety bond in the amount of $ - ANSWER-$50,000 for
Dealer/Wholesaler
Motor vehicle salespersons are required to have a surety bond in the amount of
$ - ANSWER-Surety Bond with FULL LEGAL NAME in the amount of $15,000. A
photocopy may be submitted.
Selling ___ or more vehicles or offering for sale more than ___ vehicles at the same
address or telephone number in any one calendar year, shall be prima facie evidence
that
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