and Answers (2026/2027) | 100% Verified
Solutions | A+ Study Pack
• According to colorado law, which of the following must be licensed as
a motor vehicle dealer and or powersports dealer? -✓✓d) All of the
above
• Colorado Lemon law covers: -✓✓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? -✓✓d) tax rate
• The motor vehicle dealer board is authorized and empowered to: -
✓✓D)all of the above
• Local law enforcement officers must be notified within ___ hours
before or after the repossession of a motor vehicle occurs: -✓✓A)1
hours
• All motor vehicle dealers and power-sports dealers must post a clear,
legible sign on their principal place of business if: -✓✓B) they will be
open less than 40 hours a week
,• A dealer may issue a temporary permits for each roadworthy vehicle
sold -✓✓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 -✓✓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 -✓✓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? -✓✓B)motor vehicles
with out-of-state titles
• The motor vehicle dealer board does not have among its members -
✓✓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 -✓✓$1,000
• Three of the following are characteristics of an off-premise permit. .
Which one is not? -✓✓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? -✓✓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 -✓✓A)True
• Dealers must either be self insured or have insurance for their vehicles
-✓✓A)True
• In transit plates may be used on motor vehicles -✓✓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 -✓✓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 -✓✓Employing a properly licensed
salesperson
• The only items that can be added to an advertised price are -✓✓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: -✓✓D)using point of sale literature in
advertising
• A buyer agent may -✓✓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? -✓✓Delivering goods as promised
• A new or used motor vehicle dealer may legally do which of the
following with a temporary permit? -✓✓Issue a permit for a
demonstration drive by a consumer
• Re federal cash reporting rule requires dealers to file form 83000.... -
✓✓15 Days
• A new motor vehicle has three of the following characteristics. Which
one doesn't it have? -✓✓D) a title
• A dealer wholesaler or salespersons convicted of any felony or any
crime.. Has how many days to report conviction? -✓✓A ) 30 Days