Mastery Exam, Car Sales Test
Colorado with 100% correct
answers 2024
The license of a motor vehicle salesperson or power-sports
salesperson may be denied, revoked or suspended on any of the
following grounds except: - answer 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? - answer d) All
of the above
Colorado Lemon law covers: - answer 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? - answer d) tax
rate
The motor vehicle dealer board is authorized and empowered to: -
answer D)all of the above
Local law enforcement officers must be notified within ___ hours
before or after the repossession of a motor vehicle occurs: - answer
A)1 hours
All motor vehicle dealers and power-sports dealers must post a
clear, legible sign on their principal place of business if: - answer B)
they will be open less than 40 hours a week
,A dealer may issue a temporary permits for each roadworthy vehicle
sold - answer 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 more so long as it does not exceed 5k - answer a)True
(verify)
The Colorado's consumer protection act declares bait and switch
advertising to be deceptive trade practice. Bait and switch
advertising includes which of the following - answer 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? - answer B)motor
vehicles with out-of-state titles
The motor vehicle dealer board does not have among its members -
answer 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 weigh less than 1,500 pounds - answer
$1,000
Three of the following are characteristics of an off-premise permit. .
Which one is not? - answer 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? - answer B) a dealer shall clearly indicate on the costumer
contract when a vehicle sold "as is" and without a guarantee
,When advertising a specific number of motor vehicles that same
number of vehicles must have been invoiced to the dealer - answer
A)True
Dealers must either be self insured or have insurance for their
vehicles - answer A)True
In transit plates may be used on motor vehicles - answer 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 - answer 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 - answer Employing a properly licensed
salesperson
The only items that can be added to an advertised price are -
answer 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
following grounds except: - answer D)using point of sale literature
in advertising
A buyer agent may - answer be retained or hired by a consumer to
assist, represent, or act on behalf of such
consumer in connection with the purchase or lease of a motor
vehicle
, Three of the following are deceptive trade practices. Which of the
following is not? - answer Delivering goods as promised
A new or used motor vehicle dealer may legally do which of the
following with a temporary permit? - answer Issue a permit for a
demonstration drive by a consumer
Re federal cash reporting rule requires dealers to file form 83000....
- answer 15 Days
A new motor vehicle has three of the following characteristics.
Which one doesn't it have? - answer D) a title
A dealer wholesaler or salespersons convicted of any felony or any
crime.. Has how many days to report conviction? - answer A ) 30
Days
Three of the following are require when a dealer is advertising a
lease of a a motor vehicle or powersports vehicle with a payment
amount which one is not required? - answer D) disclosing the cost of
leasing versus the cost of purchasing
The definition of a used mother vehicle dealer or used powersports
dealer includes which of the following ? - answer A person who
attempts to negotiate a sale or lease of a used motor vehicle or
powersports vehicle with the intent to make a profit or gain
A customer's trade- in vehicle on a financed deal may be sold -
answer D) only when the financing has been approved
Wholesalers : - answer C)must use a name other than their personal
name on all business documents
Colorado with 100% correct
answers 2024
The license of a motor vehicle salesperson or power-sports
salesperson may be denied, revoked or suspended on any of the
following grounds except: - answer 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? - answer d) All
of the above
Colorado Lemon law covers: - answer 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? - answer d) tax
rate
The motor vehicle dealer board is authorized and empowered to: -
answer D)all of the above
Local law enforcement officers must be notified within ___ hours
before or after the repossession of a motor vehicle occurs: - answer
A)1 hours
All motor vehicle dealers and power-sports dealers must post a
clear, legible sign on their principal place of business if: - answer B)
they will be open less than 40 hours a week
,A dealer may issue a temporary permits for each roadworthy vehicle
sold - answer 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 more so long as it does not exceed 5k - answer a)True
(verify)
The Colorado's consumer protection act declares bait and switch
advertising to be deceptive trade practice. Bait and switch
advertising includes which of the following - answer 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? - answer B)motor
vehicles with out-of-state titles
The motor vehicle dealer board does not have among its members -
answer 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 weigh less than 1,500 pounds - answer
$1,000
Three of the following are characteristics of an off-premise permit. .
Which one is not? - answer 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? - answer B) a dealer shall clearly indicate on the costumer
contract when a vehicle sold "as is" and without a guarantee
,When advertising a specific number of motor vehicles that same
number of vehicles must have been invoiced to the dealer - answer
A)True
Dealers must either be self insured or have insurance for their
vehicles - answer A)True
In transit plates may be used on motor vehicles - answer 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 - answer 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 - answer Employing a properly licensed
salesperson
The only items that can be added to an advertised price are -
answer 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
following grounds except: - answer D)using point of sale literature
in advertising
A buyer agent may - answer be retained or hired by a consumer to
assist, represent, or act on behalf of such
consumer in connection with the purchase or lease of a motor
vehicle
, Three of the following are deceptive trade practices. Which of the
following is not? - answer Delivering goods as promised
A new or used motor vehicle dealer may legally do which of the
following with a temporary permit? - answer Issue a permit for a
demonstration drive by a consumer
Re federal cash reporting rule requires dealers to file form 83000....
- answer 15 Days
A new motor vehicle has three of the following characteristics.
Which one doesn't it have? - answer D) a title
A dealer wholesaler or salespersons convicted of any felony or any
crime.. Has how many days to report conviction? - answer A ) 30
Days
Three of the following are require when a dealer is advertising a
lease of a a motor vehicle or powersports vehicle with a payment
amount which one is not required? - answer D) disclosing the cost of
leasing versus the cost of purchasing
The definition of a used mother vehicle dealer or used powersports
dealer includes which of the following ? - answer A person who
attempts to negotiate a sale or lease of a used motor vehicle or
powersports vehicle with the intent to make a profit or gain
A customer's trade- in vehicle on a financed deal may be sold -
answer D) only when the financing has been approved
Wholesalers : - answer C)must use a name other than their personal
name on all business documents
