MASTERY EXAM,CAR SALES TEST
COLORADO WITH CORRECT ACTUAL
QUESTIONS AND CORRECTLY WELL
DEFINED ANSWERS LATEST 2024 – 2025
ALREADY GRADED A+
A dealer's advertising must contain the dealer's licensed name /or the words -
ANSWERS-An applicant for a license issued by the board must complete and
submit the appropriate application form. The board shall reject for filing any
application that is defective in any one or more of the following ways: a) the
application is not accompanied by a remittance in the full amount of the fee for
the specific license; and, b) the application does not include a copy of the
required bond in the correct amount. The board may reject for filing any
application that does not completely satisfy the requirements of the application
form and its instructions. 2. An applicant whose license application has been
accepted for filing must respond to every request for additional information
within the time allowed and in the manner required by the requestor. 3. An
applicant must include with an application the full name of, date of birth of,
current residence address for, and other required identifying information related
to each natural person who possesses one or more of the following
,characteristics: a. an ownership, financial, or equity interest in the applicant; or, b.
an ability to control the applicant or to exercise significant financial or operational
influence over the applicant. 8 Auto Industry Division Study Guide- Motor Vehicle
Regulations An applicant that is subject to the reporting requirements of the
"Securities Exchange Act of 1934," as amended, 15 U.S.C. § 78a et seq., need not
include the identifying information in this paragraph 3 for any stockholder. 4. All
information submitted to the board, by application for license or otherwise, shall
be given fully, faithfully, truthfully and fairly. The failure of an applicant or
licensee to so inform the board shall be grounds for suspension, revocation or
denial of the license. 5. The board may deny a license for any one of or any
combination of the following reaso
- ANSWERS-Dealers, wholesalers, wholesale auction dealers, officers, directors or
stockholders of corporations owning five per-cent or more, licensed as such, who
are convicted of or pled nolo contendere or a plea in a deferred judgment and
sentence to any felony or any crime pursuant to Article 3, 4, or 5 of Title 18,
C.R.S., or like crime pursuant to federal law or the law of any other state, shall
provide to the board written notice of such conviction within thirty days after
receiving such conviction. The licensee shall provide complete information
including copies of such conviction and pre-sentence reports within thirty days of
the conviction
- ANSWERS-Prior to the signing of the Contract, the Seller shall produce a written
document disclosing all known Material Particulars. Both the Seller and Buyer
must sign the document. The document is deemed to be part of the Contract. A
signed copy of the Contract and the disclosure document shall be provided to the
Buyer at the time of sale. The Seller shall retain a copy of the Contract and the
disclosure document. C. "AS IS" STATEMENT A statement by the Seller to the
Buyer that a vehicle is sold "as-is" does not relieve the Seller of the disclosure
obligations imposed by this regulation, nor does it relieve the Seller of any other
disclosure obligations otherwise required by state or federal law. An "as-is"
,statement solely disclaims implied warranties under provisions of the "Colorado
Uniform Commercial Code," Title 4, C.R.S
- ANSWERS-All motor vehicle dealers and all used motor vehicle dealers must be
open for business at least three (3) days per week for a continuous period of time
not less than four (4) hours per day between the hours of 8 a.m. and 9 p.m. Any
dealership open less than forty (40) hours a week must post a clear and legible
sign on its place of business indicating the days and hours that it is open for
business. In addition such dealerships shall notify the Board in writing of any
subsequent change in such periods of time. Any dealership which will not be open
for business for a period of at least two (2) weeks must post a clear and legible
sign on its place of business indicating this fact as well as notifying the Board in
writing of such fact.
The motor vehicle dealer board is authorized and empowered to: - ANSWERS-
D)all of the above
Local law enforcement officers must be notified within ___ hours before or after
the repossession of a motor vehicle occurs: - ANSWERS-A)1 hours
All motor vehicle dealers and power-sports dealers must post a clear, legible sign
on their principal place of business if: - ANSWERS-B) they will be open less than 40
hours a week
A dealer may issue a temporary permits for each roadworthy vehicle sold -
ANSWERS-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 - ANSWERS-a)True (verify)
The license of a motor vehicle salesperson or power-sports salesperson may be
denied, revoked or suspended on any of the following grounds except: -
ANSWERS-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? - ANSWERS-d) All of the above
Colorado Lemon law covers: - ANSWERS-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? - ANSWERS-d) tax rate
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 - ANSWERS-d)all of the above
COLORADO WITH CORRECT ACTUAL
QUESTIONS AND CORRECTLY WELL
DEFINED ANSWERS LATEST 2024 – 2025
ALREADY GRADED A+
A dealer's advertising must contain the dealer's licensed name /or the words -
ANSWERS-An applicant for a license issued by the board must complete and
submit the appropriate application form. The board shall reject for filing any
application that is defective in any one or more of the following ways: a) the
application is not accompanied by a remittance in the full amount of the fee for
the specific license; and, b) the application does not include a copy of the
required bond in the correct amount. The board may reject for filing any
application that does not completely satisfy the requirements of the application
form and its instructions. 2. An applicant whose license application has been
accepted for filing must respond to every request for additional information
within the time allowed and in the manner required by the requestor. 3. An
applicant must include with an application the full name of, date of birth of,
current residence address for, and other required identifying information related
to each natural person who possesses one or more of the following
,characteristics: a. an ownership, financial, or equity interest in the applicant; or, b.
an ability to control the applicant or to exercise significant financial or operational
influence over the applicant. 8 Auto Industry Division Study Guide- Motor Vehicle
Regulations An applicant that is subject to the reporting requirements of the
"Securities Exchange Act of 1934," as amended, 15 U.S.C. § 78a et seq., need not
include the identifying information in this paragraph 3 for any stockholder. 4. All
information submitted to the board, by application for license or otherwise, shall
be given fully, faithfully, truthfully and fairly. The failure of an applicant or
licensee to so inform the board shall be grounds for suspension, revocation or
denial of the license. 5. The board may deny a license for any one of or any
combination of the following reaso
- ANSWERS-Dealers, wholesalers, wholesale auction dealers, officers, directors or
stockholders of corporations owning five per-cent or more, licensed as such, who
are convicted of or pled nolo contendere or a plea in a deferred judgment and
sentence to any felony or any crime pursuant to Article 3, 4, or 5 of Title 18,
C.R.S., or like crime pursuant to federal law or the law of any other state, shall
provide to the board written notice of such conviction within thirty days after
receiving such conviction. The licensee shall provide complete information
including copies of such conviction and pre-sentence reports within thirty days of
the conviction
- ANSWERS-Prior to the signing of the Contract, the Seller shall produce a written
document disclosing all known Material Particulars. Both the Seller and Buyer
must sign the document. The document is deemed to be part of the Contract. A
signed copy of the Contract and the disclosure document shall be provided to the
Buyer at the time of sale. The Seller shall retain a copy of the Contract and the
disclosure document. C. "AS IS" STATEMENT A statement by the Seller to the
Buyer that a vehicle is sold "as-is" does not relieve the Seller of the disclosure
obligations imposed by this regulation, nor does it relieve the Seller of any other
disclosure obligations otherwise required by state or federal law. An "as-is"
,statement solely disclaims implied warranties under provisions of the "Colorado
Uniform Commercial Code," Title 4, C.R.S
- ANSWERS-All motor vehicle dealers and all used motor vehicle dealers must be
open for business at least three (3) days per week for a continuous period of time
not less than four (4) hours per day between the hours of 8 a.m. and 9 p.m. Any
dealership open less than forty (40) hours a week must post a clear and legible
sign on its place of business indicating the days and hours that it is open for
business. In addition such dealerships shall notify the Board in writing of any
subsequent change in such periods of time. Any dealership which will not be open
for business for a period of at least two (2) weeks must post a clear and legible
sign on its place of business indicating this fact as well as notifying the Board in
writing of such fact.
The motor vehicle dealer board is authorized and empowered to: - ANSWERS-
D)all of the above
Local law enforcement officers must be notified within ___ hours before or after
the repossession of a motor vehicle occurs: - ANSWERS-A)1 hours
All motor vehicle dealers and power-sports dealers must post a clear, legible sign
on their principal place of business if: - ANSWERS-B) they will be open less than 40
hours a week
A dealer may issue a temporary permits for each roadworthy vehicle sold -
ANSWERS-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 - ANSWERS-a)True (verify)
The license of a motor vehicle salesperson or power-sports salesperson may be
denied, revoked or suspended on any of the following grounds except: -
ANSWERS-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? - ANSWERS-d) All of the above
Colorado Lemon law covers: - ANSWERS-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? - ANSWERS-d) tax rate
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 - ANSWERS-d)all of the above
