SALES MASTERY TEST 2 EXAM / QUESTIONS AND CORRECT ANSWERS 2024 GRADED A+.

SALES MASTERY TEST 2 EXAM / QUESTIONS AND CORRECT ANSWERS 2024 GRADED A+. 2 / 4 1. The Motor Vehicle Dealer Board is authorized and empowered to:: issue ordeny motor vehicle dealer and salesperson licenses 2. he MotorVehicle Dealer Board is authorized and empowered to:: d. all of theabove 3. Dealers may be administratively fined by the Dealer Board up to what amountforeach separate offense?:shall not exceed ten thousand dollarsfor eachseparate offense 4. New and used motor vehicle dealers, wholesalers and wholesale auctiondealers arerequired to have a surety bond in the amount of ?: $50,000 for Dealer/Wholesaler 5. Motor vehicle salespersons are required to have a surety bond in theamount of?: $15,000 6. Selling or more vehicles or offering for sale more than vehicles at the sameaddress or telephone number in any one calendar year,shall be primafacie evidence that: A person is engaged in the business of selling motor vehicles. 7. The definition of a used motor vehicle dealer includes which of the follow-ing?: "Used motor vehicle dealer" means any person who, for commission or withintent to make a profit sells used cars. 8. Wholesalers may:: make a profit or gain selling to dealers and wholesalers 9. Three of the following are characteristics of an off-premise permit.Whichone isnot?: the permit could be used for a permanent second location 10. All motor vehicle dealers and used motor vehicle dealers must be open: a.a minimum of 12 hours per week Hours of operation posted and opened at least 3 days per week for a continuous four hours per day between 8 AM and 9 PM. 11. the license of a motor vehicle salesperson may be denied, revoked, or suspendedon the following grounds except:: advertising a salvaged vehicle thatidentifies that vehicle as a salvage vehicle 12. The license of a motor vehicle salesperson may be denied, revoked, or suspendedon the following grounds except:: .not having a validColorado driverslicense 13. The license of a motor vehicle salesperson may be denied, revoked, or suspendedon the following grounds except: to engage as a licensee without having in force a good and sufficient bond withcorporate surety 3 / 4 14. A dealer, wholesaler or salesperson who is convicted of any felony or anycrimepursuant to Article 3, 4 or 5 of Title 18, C.R.S. (felony or criminal mis- demeanor) or likecrime pursuant to federal law or law of any other state has days to give the DealerBoard written notice of such conviction?: thirtydays after such conviction 4 / 4 15. When a salesperson voluntarily leaves or is discharged from a dealership,the dealermust immediately return thatsalesperson's to the Dealer Board.: motor vehicle dealer or used motor vehicle dealer who last employed the salesperson shallconfiscate and return such salesperson's license to the board 16. A salesperson can change dealerships during the licensing year providedthat aChange of Employer Notification form is submitted to the Board. It is unlawful for suchsalesperson to act as a motor vehicle salesperson until a new is procured.: It shall be unlawful for such salesperson to act as amotor vehicle salesperson until a new license is procured. 17. A buyer agent may:: be retained or hired by a consumer to assist, represent,or act on behalf of such 18. A new motor vehicle has three of the following characteristics.Whichonedoesn't it have?: motor vehicle that is titled 19. Which of the following would always indicate a motor vehicle is used?: avehicle that is titled 20. Since 1985, the Federal Trade Commission's Used Car Rule has required that dealersprominently and conspicuously display the on every used car orlight truck offered for sale. This is also known as the "asis" sticker.: Buyers Guide 21. three of the follo