100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Mastery Exam, Car Sales Test Colorado Practice Questions and Answers 100% Pass $13.49   Add to cart
Quickly navigate to
Preview
  2.  
  3. Prep Tests
  4.  
  5. Prep Tests

Exam (elaborations)

Mastery Exam, Car Sales Test Colorado Practice Questions and Answers 100% Pass
 0 view  0 purchase
  • Course
  • Prep Tests
  • Institution
  • Prep Tests

Mastery Exam, Car Sales Test Colorado Practice Questions and Answers 100% 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: - ANSWER-b) advertising a salvaged vehicle while identifying the veh...

[Show more]

Preview 4 out of 62  pages

Document information

  • November 11, 2024
  • 62
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • mastery exam car sales test colorado practice que

Written for

  • Prep Tests
  • Prep Tests

Seller

avatar-seller
OliviaWest

Reviews received

Content preview

Copyright © OLIVIAWEST2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED




Mastery Exam, Car Sales Test Colorado

Practice Questions and Answers 100%

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: - 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)

Copyright ©Stuvia International BV 2010-2024 Page 1/62

, Copyright © OLIVIAWEST2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED


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




Copyright ©Stuvia International BV 2010-2024 Page 2/62

, Copyright © OLIVIAWEST2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED


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



Copyright ©Stuvia International BV 2010-2024 Page 3/62

, Copyright © OLIVIAWEST2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED


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




Copyright ©Stuvia International BV 2010-2024 Page 4/62

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

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

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 OliviaWest. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $13.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

77254 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$13.49
  • (0)
  Add to cart