COLORADO CAR SALES,MASTERY EXAM |BRAND NEW EXAM QUESTIONS AND CORRECT ANSWERS ALL GRADED A+|GUARANTEED SUCCESS|LATEST UPDATE 2024
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COLORADO CAR SALES,MASTERY
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COLORADO CAR SALES,MASTERY
COLORADO CAR SALES,MASTERY EXAM |BRAND NEW EXAM QUESTIONS AND CORRECT ANSWERS ALL GRADED A+|GUARANTEED SUCCESS|LATEST UPDATE 2024
The license of a motor vehicle salesperson or power-sports salesperson may be denied, revoked or suspended on any of the following grounds except: - ANSWER-b) a...
COLORADO CAR SALES,MASTERY EXAM 2024-
2025|BRAND NEW EXAM QUESTIONS AND
CORRECT ANSWERS ALL GRADED
A+|GUARANTEED SUCCESS|LATEST UPDATE
2024
The license of a motor vehicle salesperson or power-sports salesperson may be
denied, revoked or suspended on any of the following grounds except: - 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? - ANSWER-✔d) All of the above
Colorado Lemon law covers: - 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? - ANSWER-✔d) tax rate
The motor vehicle dealer board is authorized and empowered to: - 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: - 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: - ANSWER-✔B) they will be open less than 40
hours a week
A dealer may issue a temporary permits for each roadworthy vehicle sold -
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 - 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
- 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? - ANSWER-✔B)motor vehicles with out-of-state titles
The motor vehicle dealer board does not have among its members - 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 - ANSWER-✔$1,000
Three of the following are characteristics of an off-premise permit. . Which one is
not? - 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? - 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 - ANSWER-✔A)True
Dealers must either be self insured or have insurance for their vehicles - ANSWER-
✔A)True
In transit plates may be used on motor vehicles - 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 -
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 -
ANSWER-✔Employing a properly licensed salesperson
The only items that can be added to an advertised price are - 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: - ANSWER-
✔D)using point of sale literature in advertising
A buyer agent may - 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? -
ANSWER-✔Delivering goods as promised
A new or used motor vehicle dealer may legally do which of the following with a
temporary permit? - ANSWER-✔Issue a permit for a demonstration drive by a
consumer
Re federal cash reporting rule requires dealers to file form 83000.... - ANSWER-✔15
Days
A new motor vehicle has three of the following characteristics. Which one doesn't it
have? - ANSWER-✔D) a title
A dealer wholesaler or salespersons convicted of any felony or any crime.. Has how
many days to report conviction? - 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? -
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 ? - 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 - ANSWER-✔D) only
when the financing has been approved
Wholesalers : - 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 - ANSWER-✔False
The license of a motor vehicle salesperson or a powersports salesperson may be
denied, revoked or suspended on the following grounds - ANSWER-✔D) all of the
above
A dealer must take in the title in their own name before selling a car to retail
customer - 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 - ANSWER-✔B) False
, Records of vehicles transfers and odometer statements must be retained for: -
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 -
ANSWER-✔B) any change in the hours of operation of the business when the
business continues full time (review)
Which of the following would indicate a motor vehicle is "used" - ANSWER-✔A
certificate of title has been issued
A motor vehicle dealer is responsible for : - ANSWER-✔D) all of the above
An advertisement would include - ANSWER-✔D) all of the above
The license of a new or used dealer, wholesale auction dealer, or wholesaler may be
denied, suspended revoked or fined for the following - ANSWER-✔D) all of the
above
Which of the following is a deceptive trade practice? - ANSWER-✔D) All of the
above are deceptive trade practices
Demonstration plates can be displayed on vehicles that are used by the dealership
for any commercial purpose - ANSWER-✔true
A dealers advertising must contain the dealers licensed name and the words -
ANSWER-✔C) dealer
Which of the following does not fit the definition of a motor vehicle dealer -
ANSWER-✔C) someone who sells motor vehicles solely to wholesalers
Depot plates may be used during normal business hours to transport a motor
vehicle - ANSWER-✔D ) all of the above
Licensed powersport dealers may not sell powersports on Sundays ( verify) -
ANSWER-✔False
By definition an advertisement may include any commercial message on any
computer display or window, display which is delivered or made available to a
customer or prospective customer in any manner whatsoever - ANSWER-✔True
( verify)
The motor Vehicle dealer board is authorized and empowered to - ANSWER-✔D) all
of the above
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