State of Colorado Motor Vehicle Dealer Board
Mastery Examination
The Motor Vehicle Dealer Board has among its members - ANS-Board is comprised of three (3)
motor vehicle dealers, three (3) used motor vehicle dealers, and three (3) public members
https://www.colorado.gov/pacific/enforcement/dealer-board-members-auto-industry-division
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 - ANS-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
https://www.colorado.gov/pacific/sites/default/files/January%207%202015%20Motor%20Vehicle
s%20laws.pdf
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 - ANS-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 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.
https://www.colorado.gov/pacific/sites/default/files/January%207%202015%20Motor%20Vehicle
s%20laws.pdf
Dealers may be administratively fined by the Dealer Board up to what amount for
each separate offense? - ANS-(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
https://www.colorado.gov/pacific/sites/default/files/January%207%202015%20Motor%20Vehicle
s%20laws.pdf
New and used motor vehicle dealers, wholesalers and wholesale auction dealers are
required to have a surety bond in the amount of $ - ANS-$50,000 for Dealer/Wholesaler
https://www.colorado.gov/pacific/enforcement/dealer-and-wholesaler-motor-vehicle-powersports
-auto-industry-division
Motor vehicle salespersons are required to have a surety bond in the amount of
$ - ANS-Surety Bond with FULL LEGAL NAME in the amount of $15,000. A photocopy may be
submitted.
https://www.colorado.gov/pacific/enforcement/salesperson-auto-industry-division
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
a person is engaged in the business of selling motor vehicles. - ANS-The sale or lease of three
or
more new or new and used motor vehicles or the offering for sale or lease of more than three
new or
new and used motor vehicles at the same address or telephone number in any one calendar
year shall
be prima facie evidence that a person is engaged in the business of selling or leasing new or
new and
, used motor vehicles.
https://www.colorado.gov/pacific/sites/default/files/January%207%202015%20Motor%20Vehicle
s%20laws.pdf
The definition of a used motor vehicle dealer includes which of the following? - ANS-(17) "Used
motor vehicle dealer" means any person who, for commission or with intent to make a profit
or gain of money or other thing of value, sells, exchanges, leases, or offers an interest in used
motor
vehicles, or attempts to negotiate a sale, exchange, or lease of used and new motor vehicles or
who is
engaged wholly or in part in the business of selling used motor vehicles, whether or not such
motor
vehicles are owned by such person.
https://www.colorado.gov/pacific/sites/default/files/January%207%202015%20Motor%20Vehicle
s%20laws.pdf
Wholesalers may:
a. make a profit or gain selling to dealers and wholesalers
b. employ a motor vehicle salesperson
c. conduct business in their own personal name
d. hold both a wholesale license and a motor vehicle salesperson license at the same
time - ANS-A.
Regulation 12-6-102 (18)
No person may hold both a wholesaler license and a motor vehicle salesperson license at the
same time.
A wholesaler may not employ a motor vehicle salesperson.
For discussion of profit or gain, see Regulation 12-6-102 (13).
Wholesalers shall use a name other than their personal name on all business documents for the
purchase
and sale of motor vehicles to differentiate between a wholesaler and a Regulation 12-6-104
(3)(a)
https://www.sos.state.co.us/CCR/GenerateRulePdf.do?ruleVersionId=2129&fileName=1%20CC
R%20205-1
Which of the following is not a requirement for motor vehicle dealers, used motor
vehicle dealers, or wholesalers?
a. report to the Dealer Board any transfer of 10% or more of ownership to one
individual
b. submit to the Dealer Board a written notice when a licensee changes the trade
name of the business
c. report to the Dealer Board when a licensee changes the site or location of the
Mastery Examination
The Motor Vehicle Dealer Board has among its members - ANS-Board is comprised of three (3)
motor vehicle dealers, three (3) used motor vehicle dealers, and three (3) public members
https://www.colorado.gov/pacific/enforcement/dealer-board-members-auto-industry-division
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 - ANS-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
https://www.colorado.gov/pacific/sites/default/files/January%207%202015%20Motor%20Vehicle
s%20laws.pdf
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 - ANS-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 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.
https://www.colorado.gov/pacific/sites/default/files/January%207%202015%20Motor%20Vehicle
s%20laws.pdf
Dealers may be administratively fined by the Dealer Board up to what amount for
each separate offense? - ANS-(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
https://www.colorado.gov/pacific/sites/default/files/January%207%202015%20Motor%20Vehicle
s%20laws.pdf
New and used motor vehicle dealers, wholesalers and wholesale auction dealers are
required to have a surety bond in the amount of $ - ANS-$50,000 for Dealer/Wholesaler
https://www.colorado.gov/pacific/enforcement/dealer-and-wholesaler-motor-vehicle-powersports
-auto-industry-division
Motor vehicle salespersons are required to have a surety bond in the amount of
$ - ANS-Surety Bond with FULL LEGAL NAME in the amount of $15,000. A photocopy may be
submitted.
https://www.colorado.gov/pacific/enforcement/salesperson-auto-industry-division
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
a person is engaged in the business of selling motor vehicles. - ANS-The sale or lease of three
or
more new or new and used motor vehicles or the offering for sale or lease of more than three
new or
new and used motor vehicles at the same address or telephone number in any one calendar
year shall
be prima facie evidence that a person is engaged in the business of selling or leasing new or
new and
, used motor vehicles.
https://www.colorado.gov/pacific/sites/default/files/January%207%202015%20Motor%20Vehicle
s%20laws.pdf
The definition of a used motor vehicle dealer includes which of the following? - ANS-(17) "Used
motor vehicle dealer" means any person who, for commission or with intent to make a profit
or gain of money or other thing of value, sells, exchanges, leases, or offers an interest in used
motor
vehicles, or attempts to negotiate a sale, exchange, or lease of used and new motor vehicles or
who is
engaged wholly or in part in the business of selling used motor vehicles, whether or not such
motor
vehicles are owned by such person.
https://www.colorado.gov/pacific/sites/default/files/January%207%202015%20Motor%20Vehicle
s%20laws.pdf
Wholesalers may:
a. make a profit or gain selling to dealers and wholesalers
b. employ a motor vehicle salesperson
c. conduct business in their own personal name
d. hold both a wholesale license and a motor vehicle salesperson license at the same
time - ANS-A.
Regulation 12-6-102 (18)
No person may hold both a wholesaler license and a motor vehicle salesperson license at the
same time.
A wholesaler may not employ a motor vehicle salesperson.
For discussion of profit or gain, see Regulation 12-6-102 (13).
Wholesalers shall use a name other than their personal name on all business documents for the
purchase
and sale of motor vehicles to differentiate between a wholesaler and a Regulation 12-6-104
(3)(a)
https://www.sos.state.co.us/CCR/GenerateRulePdf.do?ruleVersionId=2129&fileName=1%20CC
R%20205-1
Which of the following is not a requirement for motor vehicle dealers, used motor
vehicle dealers, or wholesalers?
a. report to the Dealer Board any transfer of 10% or more of ownership to one
individual
b. submit to the Dealer Board a written notice when a licensee changes the trade
name of the business
c. report to the Dealer Board when a licensee changes the site or location of the
