MOTOR VEHICLE DEALER BOARD
MASTERY EXAMPREP 2026 COMPLETE
QUESTIONS AND ANSWERS GRADED A+
●● he Motor Vehicle Dealer Board is authorized and empowered to:
Answer: d. 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 arerequired 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 Answer: A 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: Answer: make a profit or gain selling to dealers
and wholesalers
●● Three of the following are characteristics of an off-premise permit.
Which one isnot? Answer: the permit could be used for a permanent
second location
●● All motor vehicle dealers and used motor vehicle dealers must be
open Answer: a. 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: Answer: advertising 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 Answer: to engage as a
MASTERY EXAMPREP 2026 COMPLETE
QUESTIONS AND ANSWERS GRADED A+
●● he Motor Vehicle Dealer Board is authorized and empowered to:
Answer: d. 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 arerequired 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 Answer: A 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: Answer: make a profit or gain selling to dealers
and wholesalers
●● Three of the following are characteristics of an off-premise permit.
Which one isnot? Answer: the permit could be used for a permanent
second location
●● All motor vehicle dealers and used motor vehicle dealers must be
open Answer: a. 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: Answer: advertising 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 Answer: to engage as a
