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MASTERY EXAM, CAR SALES TEST COLORADO
| CERTIFIED EXAM WITH VERIFIED ANSWERS
The license of a motor vehicle salesperson or power-sports salesperson may be
denied, revoked or suspended on any of the following grounds except: -correct-
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? -correct-answer-d) All of the above
Colorado Lemon law covers: -correct-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? -correct-answer-d) tax rate
The motor vehicle dealer board is authorized and empowered to: -correct-
answer-D)all of the above
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Local law enforcement officers must be notified within ___ hours before or after
the repossession of a motor vehicle occurs: -correct-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: -correct-answer-B) they will be open less
than 40 hours a week
A dealer may issue a temporary permits for each roadworthy vehicle sold -correct-
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 -correct-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 -correct-answer-d)all of the above
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Three of the following types of motor vehicles are exempt from the truth in
mileage act. Which one is not exempt? -correct-answer-B)motor vehicles with
out-of-state titles
The motor vehicle dealer board does not have among its members -correct-
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 -correct-answer-$1,000
Three of the following are characteristics of an off-premise permit. . Which one is
not? -correct-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? -correct-
answer-B) a dealer shall clearly indicate on the costumer contract when a vehicle
sold "as is" and without a guarantee
-correct-answer-Advertisement of terms that require additional disclosure - (1)
Triggering terms. An advertisement that states any of the following items shall
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contain the disclosures required by paragraph (d)(2) of this section, except as
provided in paragraphs (e) and (f) of this section: (i) The amount of any payment;
or (ii) A statement of any capitalized cost reduction or other payment (or that no
payment is required) prior to or at consummation or by delivery, if delivery occurs
after consummation. (2) Additional terms. An advertisement stating any item
listed in paragraph (d)(1) of this section shall also state the following items: (i)
That the transaction advertised is a lease; (ii) The total amount due prior to or at
consummation or by delivery, if delivery occurs after consummation; (iii) The
number, amounts, and due dates or periods of scheduled payments under the
lease; (iv) A statement of whether or not a security deposit is required; and (v) A
statement that an extra charge may be imposed at the end of the lease term
where the lessee's liability (if any) is based on the difference between 24 Auto
Industry Division Study Guide- Federal Statutes & Regulations the residual value of
the leased property and its realized value at the end of the lease term.
-correct-answer-Removal, Alteration, or Illegibility of Required Label Any person
who willfully removes, alters, or renders illegible any label affixed to a new
automobile pursuant to section 1232 of this title, or any endorsement thereon,
prior to the time that such automobile is delivered to the actual custody and
possession of the ultimate purchaser of such new automobile, except where the
manufacturer relabels the automobile in the event the same is rerouted,
repurchased, or reacquired by the manufacturer of such automobile, shall be
fined not more than $1,000, or imprisoned not more than one year, or both. Such
removal, alteration, or rendering illegible with respect to each automobile shall
constitute a separate offense
-correct-answer-All the above - Right Answer
MASTERY EXAM, CAR SALES TEST COLORADO
| CERTIFIED EXAM WITH VERIFIED ANSWERS
The license of a motor vehicle salesperson or power-sports salesperson may be
denied, revoked or suspended on any of the following grounds except: -correct-
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? -correct-answer-d) All of the above
Colorado Lemon law covers: -correct-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? -correct-answer-d) tax rate
The motor vehicle dealer board is authorized and empowered to: -correct-
answer-D)all of the above
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Local law enforcement officers must be notified within ___ hours before or after
the repossession of a motor vehicle occurs: -correct-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: -correct-answer-B) they will be open less
than 40 hours a week
A dealer may issue a temporary permits for each roadworthy vehicle sold -correct-
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 -correct-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 -correct-answer-d)all of the above
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Three of the following types of motor vehicles are exempt from the truth in
mileage act. Which one is not exempt? -correct-answer-B)motor vehicles with
out-of-state titles
The motor vehicle dealer board does not have among its members -correct-
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 -correct-answer-$1,000
Three of the following are characteristics of an off-premise permit. . Which one is
not? -correct-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? -correct-
answer-B) a dealer shall clearly indicate on the costumer contract when a vehicle
sold "as is" and without a guarantee
-correct-answer-Advertisement of terms that require additional disclosure - (1)
Triggering terms. An advertisement that states any of the following items shall
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contain the disclosures required by paragraph (d)(2) of this section, except as
provided in paragraphs (e) and (f) of this section: (i) The amount of any payment;
or (ii) A statement of any capitalized cost reduction or other payment (or that no
payment is required) prior to or at consummation or by delivery, if delivery occurs
after consummation. (2) Additional terms. An advertisement stating any item
listed in paragraph (d)(1) of this section shall also state the following items: (i)
That the transaction advertised is a lease; (ii) The total amount due prior to or at
consummation or by delivery, if delivery occurs after consummation; (iii) The
number, amounts, and due dates or periods of scheduled payments under the
lease; (iv) A statement of whether or not a security deposit is required; and (v) A
statement that an extra charge may be imposed at the end of the lease term
where the lessee's liability (if any) is based on the difference between 24 Auto
Industry Division Study Guide- Federal Statutes & Regulations the residual value of
the leased property and its realized value at the end of the lease term.
-correct-answer-Removal, Alteration, or Illegibility of Required Label Any person
who willfully removes, alters, or renders illegible any label affixed to a new
automobile pursuant to section 1232 of this title, or any endorsement thereon,
prior to the time that such automobile is delivered to the actual custody and
possession of the ultimate purchaser of such new automobile, except where the
manufacturer relabels the automobile in the event the same is rerouted,
repurchased, or reacquired by the manufacturer of such automobile, shall be
fined not more than $1,000, or imprisoned not more than one year, or both. Such
removal, alteration, or rendering illegible with respect to each automobile shall
constitute a separate offense
-correct-answer-All the above - Right Answer
