Sales Mastery Exam ( set of questions 1) | Questions & Answers (100 %Score) Latest
Updated 2024/2025 Comprehensive Questions A+ Graded Answers | 100% Pass
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
Updated 2024/2025 Comprehensive Questions A+ Graded Answers | 100% Pass
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
