PSI MASTERY EXAM REVIEW & ANSWERS, 100% ACCURATE/| latest update 2024/25|

PSI MASTERY EXAM REVIEW & ANSWERS, 100% ACCURATE/ The license of a motor vehicle salesperson or power-sports salesperson may be denied, revoked or suspended on any of the following grounds except: - -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? - -d) All of the above Colorado Lemon law covers: - -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? - -d) tax rate The motor vehicle dealer board is authorized and empowered to: - -D)all of the above Local law enforcement officers must be notified within ___ hours before or after the repossession of a motor vehicle occurs: - -A)1 hours All motor vehicle dealers and power-sports dealers must post a clear, legible sign on their principal place of business if: - -B) they will be open less than 40 hours a week A dealer may issue a temporary permits for each roadworthy vehicle sold - -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 - -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 - -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? - -B)motor vehicles with out-of-state titles The motor vehicle dealer board does not have among its members - -c