STATE OF COLORADO MOTOR
VEHICLE DEALER BOARD MASTERY
EXAMINATION QUESTIONS WITH 100%
CORRECT ANSWERS / VERIFIED/
LATEST UPDATE 2024
b The Motor Vehicle Dealer Board has among its members - Correct answer.Board is comprised of three
(3) motor vehicle dealers, three (3) used motor vehicle dealers, and three (3) public members
https://www.colorado.gov/pacific/enforcement/dealer-board-members-auto-industry-division
The Motor Vehicle Dealer Board is authorized and empowered to
a. issue or deny buyer agent licenses
b. issue or deny manufacturer representative licenses
c. issue or deny motor vehicle dealer and salesperson licenses
d. all of the above - Correct answer.C. the administration, enforcement, issuance, and denial of licenses
to motor vehicle dealers, motor vehicle salespersons, used motor vehicle dealers, wholesale motor
vehicle auction dealers, and wholesalers
https://www.colorado.gov/pacific/sites/default/files/January%207%202015%20Motor%20Vehicles%20la
ws.pdf
The executive director is hereby charged with the administration, enforcement, and issuance or denial of
the licensing of buyer agents, distributors, manufacturer representatives, and motor vehicle
manufacturers.
,The Motor Vehicle Dealer Board is authorized and empowered to:
a. investigate any suspected or alleged violation by any motor vehicle salesperson
b. investigate any suspected or alleged violation by any motor vehicle dealer
c. order an administrative hearing be held if it believes there is probable cause that a
violation occurred
d. all of the above - Correct answer.D.
(f) (I) To investigate through the executive director, on its own motion or upon the written and signed
complaint of any person, any suspected or alleged violation by any motor vehicle dealer, motor vehicle
salesperson, used motor vehicle dealer, wholesale motor vehicle auction dealer, or wholesaler licensee
of any of the terms and provisions of this part 1 or of any rule or regulation promulgated by the board
under the authority conferred upon it in this section. The board shall order an investigation of all written
and signed complaints, shall have the authority to issue subpoenas and to delegate the authority to issue
subpoenas to the executive director, and the executive director shall make an investigation of all such
complaints transmitted by the board pursuant to section 12-6-105.
if the board determines that there is probable cause to believe a violation of this article has occurred, it
may order that an administrative hearing be held pursuant to section 24-4-105, C.R.S.
https://www.colorado.gov/pacific/sites/default/files/January%207%202015%20Motor%20Vehicles%20la
ws.pdf
Dealers may be administratively fined by the Dealer Board up to what amount for
each separate offense? - Correct answer.(m) (I) (A) If a hearing is held before an administrative law judge
or a hearing officer designated by the
board from within the board's membership, after due notice and a hearing by such judge or hearing
officer pursuant to section 24-4-105, C.R.S., to review the findings of law and fact and the fairness of any
fine imposed and to uphold such fine, to impose an administrative fine upon its own initiative, which
shall not exceed ten thousand dollars for each separate offense
https://www.colorado.gov/pacific/sites/default/files/January%207%202015%20Motor%20Vehicles%20la
ws.pdf
, New and used motor vehicle dealers, wholesalers and wholesale auction dealers are
required to have a surety bond in the amount of $ - Correct answer.$50,000 for Dealer/Wholesaler
https://www.colorado.gov/pacific/enforcement/dealer-and-wholesaler-motor-vehicle-powersports-
auto-industry-division
Motor vehicle salespersons are required to have a surety bond in the amount of
$ - Correct answer.Surety Bond with FULL LEGAL NAME in the amount of $15,000. A photocopy may be
submitted.
https://www.colorado.gov/pacific/enforcement/salesperson-auto-industry-division
Selling ___ or more vehicles or offering for sale more than ___ vehicles at the same
address or telephone number in any one calendar year, shall be prima facie evidence that
a person is engaged in the business of selling motor vehicles. - Correct answer.The sale or lease of three
or
more new or new and used motor vehicles or the offering for sale or lease of more than three new or
new and used motor vehicles at the same address or telephone number in any one calendar year shall
be prima facie evidence that a person is engaged in the business of selling or leasing new or new and
used motor vehicles.
https://www.colorado.gov/pacific/sites/default/files/January%207%202015%20Motor%20Vehicles%20la
ws.pdf
The definition of a used motor vehicle dealer includes which of the following? - Correct answer.(17)
"Used motor vehicle dealer" means any person who, for commission or with intent to make a profit
or gain of money or other thing of value, sells, exchanges, leases, or offers an interest in used motor
vehicles, or attempts to negotiate a sale, exchange, or lease of used and new motor vehicles or who is
engaged wholly or in part in the business of selling used motor vehicles, whether or not such motor
vehicles are owned by such person.
VEHICLE DEALER BOARD MASTERY
EXAMINATION QUESTIONS WITH 100%
CORRECT ANSWERS / VERIFIED/
LATEST UPDATE 2024
b The Motor Vehicle Dealer Board has among its members - Correct answer.Board is comprised of three
(3) motor vehicle dealers, three (3) used motor vehicle dealers, and three (3) public members
https://www.colorado.gov/pacific/enforcement/dealer-board-members-auto-industry-division
The Motor Vehicle Dealer Board is authorized and empowered to
a. issue or deny buyer agent licenses
b. issue or deny manufacturer representative licenses
c. issue or deny motor vehicle dealer and salesperson licenses
d. all of the above - Correct answer.C. the administration, enforcement, issuance, and denial of licenses
to motor vehicle dealers, motor vehicle salespersons, used motor vehicle dealers, wholesale motor
vehicle auction dealers, and wholesalers
https://www.colorado.gov/pacific/sites/default/files/January%207%202015%20Motor%20Vehicles%20la
ws.pdf
The executive director is hereby charged with the administration, enforcement, and issuance or denial of
the licensing of buyer agents, distributors, manufacturer representatives, and motor vehicle
manufacturers.
,The Motor Vehicle Dealer Board is authorized and empowered to:
a. investigate any suspected or alleged violation by any motor vehicle salesperson
b. investigate any suspected or alleged violation by any motor vehicle dealer
c. order an administrative hearing be held if it believes there is probable cause that a
violation occurred
d. all of the above - Correct answer.D.
(f) (I) To investigate through the executive director, on its own motion or upon the written and signed
complaint of any person, any suspected or alleged violation by any motor vehicle dealer, motor vehicle
salesperson, used motor vehicle dealer, wholesale motor vehicle auction dealer, or wholesaler licensee
of any of the terms and provisions of this part 1 or of any rule or regulation promulgated by the board
under the authority conferred upon it in this section. The board shall order an investigation of all written
and signed complaints, shall have the authority to issue subpoenas and to delegate the authority to issue
subpoenas to the executive director, and the executive director shall make an investigation of all such
complaints transmitted by the board pursuant to section 12-6-105.
if the board determines that there is probable cause to believe a violation of this article has occurred, it
may order that an administrative hearing be held pursuant to section 24-4-105, C.R.S.
https://www.colorado.gov/pacific/sites/default/files/January%207%202015%20Motor%20Vehicles%20la
ws.pdf
Dealers may be administratively fined by the Dealer Board up to what amount for
each separate offense? - Correct answer.(m) (I) (A) If a hearing is held before an administrative law judge
or a hearing officer designated by the
board from within the board's membership, after due notice and a hearing by such judge or hearing
officer pursuant to section 24-4-105, C.R.S., to review the findings of law and fact and the fairness of any
fine imposed and to uphold such fine, to impose an administrative fine upon its own initiative, which
shall not exceed ten thousand dollars for each separate offense
https://www.colorado.gov/pacific/sites/default/files/January%207%202015%20Motor%20Vehicles%20la
ws.pdf
, New and used motor vehicle dealers, wholesalers and wholesale auction dealers are
required to have a surety bond in the amount of $ - Correct answer.$50,000 for Dealer/Wholesaler
https://www.colorado.gov/pacific/enforcement/dealer-and-wholesaler-motor-vehicle-powersports-
auto-industry-division
Motor vehicle salespersons are required to have a surety bond in the amount of
$ - Correct answer.Surety Bond with FULL LEGAL NAME in the amount of $15,000. A photocopy may be
submitted.
https://www.colorado.gov/pacific/enforcement/salesperson-auto-industry-division
Selling ___ or more vehicles or offering for sale more than ___ vehicles at the same
address or telephone number in any one calendar year, shall be prima facie evidence that
a person is engaged in the business of selling motor vehicles. - Correct answer.The sale or lease of three
or
more new or new and used motor vehicles or the offering for sale or lease of more than three new or
new and used motor vehicles at the same address or telephone number in any one calendar year shall
be prima facie evidence that a person is engaged in the business of selling or leasing new or new and
used motor vehicles.
https://www.colorado.gov/pacific/sites/default/files/January%207%202015%20Motor%20Vehicles%20la
ws.pdf
The definition of a used motor vehicle dealer includes which of the following? - Correct answer.(17)
"Used motor vehicle dealer" means any person who, for commission or with intent to make a profit
or gain of money or other thing of value, sells, exchanges, leases, or offers an interest in used motor
vehicles, or attempts to negotiate a sale, exchange, or lease of used and new motor vehicles or who is
engaged wholly or in part in the business of selling used motor vehicles, whether or not such motor
vehicles are owned by such person.
