Sales Mastery Exam 2023 Complete Solution

Sales Mastery Exam 2023 Complete Solution The license of a motor vehicle salesperson or power-sports salesperson may be denied,revoked or suspended on any of the following grounds except: - 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? - 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 1 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 celar, legible sign on their principal place of business if: - B) they wull 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 moreso long as it does not exeed 5k - a)True (verify) The colorado 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 wigh 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 withou 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 transite 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 followin grounds except: - D)using point of sale literature in advertising Which of the following is true about colorado's lemon law? - C) "a reasonable number of attempts" to repair applied when the moter vehicle has been out of service for repairs a cumulative toal of 30 or more business days during the warranty term or 1 year from date of delivery 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 chracterics. WHich one dosen't it have? - D) a title A dealer wholesaler or salesperons convicted of any felony or any crime.. Has how many days to report conviction? - A ) 30 Days Three of the followikng are require when a dealer is advertising a lease of a a motr vehicle or powersports vehicle with a payement amount which one is not required? - D) disclosing the cost of leasing versust the cost of purchasing The definition of a used mother vehicle dealer or used powersports dealer includes whifh of the following ? - Aperson who attempts to negotiate a sale or lease of a used motor vehicle or powersports vehicle withe the intent to make a profit or gain A customer's trade- in vehicle on a financed deal may be sold - D) only when the financing has been aprooed Wholesalers : - 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 - False The license of a motor vehicle salesperson or a powersports salesperson may be denied, revoked or suspended on the following grounds - D) all of the above A dealer must take in the title in their own name before selling a car to retail customer - 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 salesperons or powersports salesperson while awaiting a new license from the board - B) False Which of the following is acceptable proof of ownership of a motor vehicle for a colorado dealer? - A vehicle subject to a lien on the tile Records of vehicles transfers abd idineter statenebts must be retanied for: - C) 5 years Motor vehicle dealers, powersport dealers, used motor vehicle dealers, used powersports dealers or wholesalers are not required to report to the dealer board - B) any change in the hours of operation of the business whenthe business continues full time (review) Which of the following would indicate a motor vehicle is used - A certificate of title has been issued A motor vehicle dealer is responsible for : - D) all of the above An advertisement would include - 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 - D) all of the above A buyer agent may - D) be retained or hired by a consumer to assist r, represent or act on behalf of such consumer in connection with the purchase or lease of Which of the following is a deceptive trade practice? - D) All of the above are deceptive trade practices Demonstration plates can be displayed on vehicles tat are used by the dealership for any commercial purpose - true A dealers advertising must contain the dealers licensed name and the words - C) dealer Which of the following does not fit the definition of a motor vehicle dealer - C) someone who sells motor vehicles solely to wholesalers Depot plates may be used durin gnormal business hours to transport a motr vehicle - D ) all of the above Licensed powersport dealers may not sell powersports on sundays ( verify) - False By definition an advertisement may include any commercial message on any computer dspay or window, duspay which is delivered or made available to asustomer or prospective customer in any manner whatsoever - True ( verify) The motor Vehicle dealer board is authorused and empowered to - D) all of the above The federal odometer law declares that it is unlawful to do any of the following except - C) to operate a motor vehicle on any street, with the intent to defraud, knowing that the odometer is disconnected Dealer demo plates may be used on motor vehicles - D) properly assigned in the name of the dealership New and used motor vehicle dealers, powersports dealers, and wholesale auction dealers are required to have a surety bond - D) all of the above Motor vehicle and powersport salespeople are required to have a surety bond in the amount of : - 15k$ The buyers guide or "as is" sticker must be ( verify - Provided to a customer in another language than english ... In advertisement motor vehicle, a dealer or salesperson may - Make reference " dealer cost ;" or "invoice price: verify Which of the following teps are require to properly and legally reposses a mother vehicle - Effect a lien creatine g a security intert Which of the following motor vehicles may be sold on sundays?( verify) - C) Motor Homes ( verify)