Sales Mastery test (set question 2)
Questions and Answers 100% Solved
The Motor Vehicle Dealer Board is authorized and empowered to: - answer issue or
deny motor vehicle dealer and salesperson licenses
he Motor Vehicle Dealer Board is authorized and empowered to: - answerd. all of the
above
Dealers may be administratively fined by the Dealer Board up to what amount foreach
separate offense? - answer shall not exceed ten thousand dollars for each separate
offense
New and used motor vehicle dealers, wholesalers and wholesale auction dealers are
required to have a surety bond in the amount of ? - answer$50,000 for
Dealer/Wholesaler
Motor vehicle salespersons are required to have a surety bond in the amount of? -
answer$15,000
Selling ___ or more vehicles or offering for sale more than ___ vehicles at the
sameaddress or telephone number in any one calendar year, shall be prima facie
evidence that - answerA person is engaged in the business of selling motor vehicles.
The definition of a used motor vehicle dealer includes which of the following? -
answer"Used motor vehicle dealer" means any person who, for commission or with
intent to make a profit sells used cars.
Wholesalers may: - answermake a profit or gain selling to dealers and wholesalers
Three of the following are characteristics of an off-premise permit. Which one isnot? -
answerthe permit could be used for a permanent second location
All motor vehicle dealers and used motor vehicle dealers must be open - answera. a
minimum of 12 hours per week Hours of operation posted and opened at least 3 days
per week for a continuous four hours per day between 8 AM and 9 PM.
the license of a motor vehicle salesperson may be denied, revoked, or suspendedon the
following grounds except: - answeradvertising a salvaged vehicle that identifies that
vehicle as a salvage vehicle
, The license of a motor vehicle salesperson may be denied, revoked, or suspendedon
the following grounds except: - answer. not having a valid Colorado drivers license
The license of a motor vehicle salesperson may be denied, revoked, or suspendedon
the following grounds except - answerto engage as a licensee without having in force a
good and sufficient bond withcorporate surety
A dealer, wholesaler or salesperson who is convicted of any felony or any
crimepursuant to Article 3, 4 or 5 of Title 18, C.R.S. (felony or criminal misdemeanor) or
likecrime pursuant to federal law or law of any other state has _____ days to give the
DealerBoard written notice of such conviction? - answerthirty days after such conviction
When a salesperson voluntarily leaves or is discharged from a dealership, the
dealermust immediately return that salesperson's _________ to the Dealer Board. -
answermotor vehicle dealer or used motor vehicle dealer who last employed the
salesperson shallconfiscate and return such salesperson's license to the board
A salesperson can change dealerships during the licensing year provided that aChange
of Employer Notification form is submitted to the Board. It is unlawful for
suchsalesperson to act as a motor vehicle salesperson until a new _________ is
procured. - answerIt shall be unlawful for such salesperson to act as amotor vehicle
salesperson until a new license is procured.
A buyer agent may: - answerbe retained or hired by a consumer to assist, represent, or
act on behalf of such
A new motor vehicle has three of the following characteristics. Which onedoesn't it
have? - answermotor vehicle that is titled
Which of the following would always indicate a motor vehicle is used? - answera vehicle
that is titled
Since 1985, the Federal Trade Commission's Used Car Rule has required that
dealersprominently and conspicuously display the __________________ on every used
car orlight truck offered for sale. This is also known as the "as is" sticker. -
answerBuyers Guide
three of the following are required when a dealer is advertising a lease of a motorvehicle
with a payment amount. Which one is not required? - answerdisclosing the cost of
leasing versus the cost of purchasing.
An advertisement would include: - answerall of the above
Which of the following must be identified in advertising? - answerall of the above
he only items that can be added to an advertised price are: - answernone of the above
Questions and Answers 100% Solved
The Motor Vehicle Dealer Board is authorized and empowered to: - answer issue or
deny motor vehicle dealer and salesperson licenses
he Motor Vehicle Dealer Board is authorized and empowered to: - answerd. all of the
above
Dealers may be administratively fined by the Dealer Board up to what amount foreach
separate offense? - answer shall not exceed ten thousand dollars for each separate
offense
New and used motor vehicle dealers, wholesalers and wholesale auction dealers are
required to have a surety bond in the amount of ? - answer$50,000 for
Dealer/Wholesaler
Motor vehicle salespersons are required to have a surety bond in the amount of? -
answer$15,000
Selling ___ or more vehicles or offering for sale more than ___ vehicles at the
sameaddress or telephone number in any one calendar year, shall be prima facie
evidence that - answerA person is engaged in the business of selling motor vehicles.
The definition of a used motor vehicle dealer includes which of the following? -
answer"Used motor vehicle dealer" means any person who, for commission or with
intent to make a profit sells used cars.
Wholesalers may: - answermake a profit or gain selling to dealers and wholesalers
Three of the following are characteristics of an off-premise permit. Which one isnot? -
answerthe permit could be used for a permanent second location
All motor vehicle dealers and used motor vehicle dealers must be open - answera. a
minimum of 12 hours per week Hours of operation posted and opened at least 3 days
per week for a continuous four hours per day between 8 AM and 9 PM.
the license of a motor vehicle salesperson may be denied, revoked, or suspendedon the
following grounds except: - answeradvertising a salvaged vehicle that identifies that
vehicle as a salvage vehicle
, The license of a motor vehicle salesperson may be denied, revoked, or suspendedon
the following grounds except: - answer. not having a valid Colorado drivers license
The license of a motor vehicle salesperson may be denied, revoked, or suspendedon
the following grounds except - answerto engage as a licensee without having in force a
good and sufficient bond withcorporate surety
A dealer, wholesaler or salesperson who is convicted of any felony or any
crimepursuant to Article 3, 4 or 5 of Title 18, C.R.S. (felony or criminal misdemeanor) or
likecrime pursuant to federal law or law of any other state has _____ days to give the
DealerBoard written notice of such conviction? - answerthirty days after such conviction
When a salesperson voluntarily leaves or is discharged from a dealership, the
dealermust immediately return that salesperson's _________ to the Dealer Board. -
answermotor vehicle dealer or used motor vehicle dealer who last employed the
salesperson shallconfiscate and return such salesperson's license to the board
A salesperson can change dealerships during the licensing year provided that aChange
of Employer Notification form is submitted to the Board. It is unlawful for
suchsalesperson to act as a motor vehicle salesperson until a new _________ is
procured. - answerIt shall be unlawful for such salesperson to act as amotor vehicle
salesperson until a new license is procured.
A buyer agent may: - answerbe retained or hired by a consumer to assist, represent, or
act on behalf of such
A new motor vehicle has three of the following characteristics. Which onedoesn't it
have? - answermotor vehicle that is titled
Which of the following would always indicate a motor vehicle is used? - answera vehicle
that is titled
Since 1985, the Federal Trade Commission's Used Car Rule has required that
dealersprominently and conspicuously display the __________________ on every used
car orlight truck offered for sale. This is also known as the "as is" sticker. -
answerBuyers Guide
three of the following are required when a dealer is advertising a lease of a motorvehicle
with a payment amount. Which one is not required? - answerdisclosing the cost of
leasing versus the cost of purchasing.
An advertisement would include: - answerall of the above
Which of the following must be identified in advertising? - answerall of the above
he only items that can be added to an advertised price are: - answernone of the above
