Mastery Exam, Car Sales Test Colorado UPDATED ACTUAL Exam Questions and CORRECT Answers
4 views 0 purchase
Course
Car Sales Colorado
Institution
Car Sales Colorado
Mastery Exam, Car Sales Test Colorado
UPDATED ACTUAL Exam Questions and
CORRECT Answers
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 whil...
Mastery Exam, Car Sales Test Colorado
UPDATED ACTUAL Exam Questions and
CORRECT Answers
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 ___ 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 clear, legible sign on their
principal place of business if: - CORRECT ANSWER✔✔- B) they will 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 more so long as it does not exceed 5k -
CORRECT ANSWER✔✔- a)True (verify)
,The Colorado's 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 weigh 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 without 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 transit 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
The license of a motor vehicle salesperson or a powersports salesperson may be denied,
revoked, or suspended on any of the following grounds except: - CORRECT ANSWER✔✔-
D)using point of sale literature in advertising
A buyer agent may - CORRECT ANSWER✔✔- be retained or hired by a consumer to assist,
represent, or act on behalf of such
consumer in connection with the purchase or lease of a motor vehicle
Three of the following are deceptive trade practices. Which of the following is not? -
CORRECT ANSWER✔✔- Delivering goods as promised
A new or used motor vehicle dealer may legally do which of the following with a temporary
permit? - CORRECT ANSWER✔✔- Issue a permit for a demonstration drive by a consumer
Re federal cash reporting rule requires dealers to file form 83000.... - CORRECT
ANSWER✔✔- 15 Days
A new motor vehicle has three of the following characteristics. Which one doesn't it have? -
CORRECT ANSWER✔✔- D) a title
A dealer wholesaler or salespersons convicted of any felony or any crime.. Has how many
days to report conviction? - CORRECT ANSWER✔✔- A ) 30 Days
Three of the following are require when a dealer is advertising a lease of a a motor vehicle or
powersports vehicle with a payment amount which one is not required? - CORRECT
ANSWER✔✔- D) disclosing the cost of leasing versus the cost of purchasing
, The definition of a used mother vehicle dealer or used powersports dealer includes which of
the following ? - CORRECT ANSWER✔✔- A person who attempts to negotiate a sale or
lease of a used motor vehicle or powersports vehicle with the intent to make a profit or gain
A customer's trade- in vehicle on a financed deal may be sold - CORRECT ANSWER✔✔-
D) only when the financing has been approved
Wholesalers : - CORRECT ANSWER✔✔- C)must use a name other than their personal
name on all business documents
A dealer is required to have on file the licenses of each of their employed salespersons but
need not display them in their place of business - CORRECT ANSWER✔✔- False
The license of a motor vehicle salesperson or a powersports salesperson may be denied,
revoked or suspended on the following grounds - CORRECT ANSWER✔✔- D) all of the
above
A dealer must take in the title in their own name before selling a car to retail customer -
CORRECT ANSWER✔✔- B) False
A salesperson can change dealerships during the licensing year provided that the correct form
and fee is submitted to the board such sales person may begin work as a motor vehicle
salespersons or powersports salesperson while awaiting a new license from the board -
CORRECT ANSWER✔✔- B) False
Records of vehicles transfers and odometer statements must be retained for: - CORRECT
ANSWER✔✔- C) 5 year
Motor vehicle dealers, powersport dealers, used motor vehicle dealers, used powersports
dealers or wholesalers are not required to report to the dealer board - CORRECT
ANSWER✔✔- B) any change in the hours of operation of the business when the business
continues full time (review)
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller MGRADES. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.
