Auto Industry Division Powersports Regulations Exam Questions and Answers

Regulation 12-6-502(16) - ANSWER-1. As used in this regulation, a "powersports vehicle dealer" means either a licensed powersports vehicle dealer or licensed used powersports vehicle dealer. 2. A powersports vehicle dealer may sell powersports vehicles at special sales events, shows, or other organized events, including, for example, at the National Western Stock Show, the Colorado State Fair, the Greeley Stampede, or the Denver Auto Show. In order to sell powersports vehicles at a location away from the dealership, a powersports vehicle dealer must apply for the appropriate off-premise permit. A powersports vehicle dealer must not engage in any sales activity at an off-premise location until the board approves the appropriate offpremise permit. 3. The board recognizes two classes of off-premise permit based upon specific sales-related conditions and restrictions. These are: a. Class One --- a Limited Sales Activity Off-premise Permit. The following conditions and restrictions apply to this permit: 1) Licensed salespersons or owners authorized to sell must be present at the off- premise location at all times when the public is present; and, 2) Licensed salespersons or owners authorized to sell may negotiate the terms of a sale at the off-premise location; and, 3) The parties shall not execute sales-related documents at the off-premise location, but must return to the dealership to execute any sales-related documents. b. Class Two --- a Full Sales Activity Off-premise Permit. The following conditions and restrictions apply to this permit: 1) Licensed salespersons or owners authorized to sell must be present at the off- premise location at all times when the public is present; and, 2) Licensed salespersons or owners authorized to sell may negotiate the terms of a sale at the off-premise location; and, 3) The parties may execute sales documents at the o Regulation 12-6-504(1)(j) - ANSWER-A licensed powersports vehicle dealer must display a permanent sign or device at its principal place of business and at every other approved business location. The sign or device must identify the dealer by its licensed name and be clearly visible to the public from outside the building that houses the dealership or from the public entry area of the building that houses the dealership. REGULATION 12-6-504(1)(k) - ANSWER-Any applicant or licensee who is found to have falsified the examination affidavit or provided answers to an applicant prior to or during the examination may be subject to disciplinary action. An applicant shall neither