COLORADO CAR SALES MASTERY EXAM NEWEST ACTUAL EXAM
QUESTIONS AND CORRECT DETAILED ANSWERS ALREADY
GRADED A+
The license of a motor vehicle salesperson or power-sports salesperson may be denied, revoked or
suspended on any of the following grounds except: - (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? - (ANSWER)d) All of the above
Colorado Lemon law covers: - (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? - (ANSWER)d) tax rate
The motor vehicle dealer board is authorized and empowered to: - (ANSWER)D)all of the above
Local law enforcement officers must be notified within ___ hours before or after the repossession of a
motor vehicle occurs: - (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: - (ANSWER)B) they will be open less than 40 hours a week
A dealer may issue a temporary permits for each roadworthy vehicle sold - (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 - (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 - (ANSWER)d)all of the above
,COLORADO CAR SALES MASTERY EXAM NEWEST ACTUAL EXAM
QUESTIONS AND CORRECT DETAILED ANSWERS ALREADY
GRADED A+
Three of the following types of motor vehicles are exempt from the truth in mileage act. Which one is
not exempt? - (ANSWER)B)motor vehicles with out-of-state titles
The motor vehicle dealer board does not have among its members - (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 -
(ANSWER)$1,000
Three of the following are characteristics of an off-premise permit. . Which one is not? - (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? - (ANSWER)B) a dealer shall
clearly indicate on the costumer contract when a vehicle sold "as is" and without a guarantee
When advertising a specific number of motor vehicles that same number of vehicles must have been
invoiced to the dealer - (ANSWER)A)True
Dealers must either be self insured or have insurance for their vehicles - (ANSWER)A)True
In transit plates may be used on motor vehicles - (ANSWER)D) consigned to wholesale auction dealers
for transport from point of purchase to point of storage
When a salesperson leaves a dealer, that dealer must do all of the following except -
(ANSWER)Immediately employ a new salesperson, licensed or not
,COLORADO CAR SALES MASTERY EXAM NEWEST ACTUAL EXAM
QUESTIONS AND CORRECT DETAILED ANSWERS ALREADY
GRADED A+
The license of a new or used dealer, wholesale auction dealer or wholesaler may be denied suspended,
revoked or fined for all of the following grounds except - (ANSWER)Employing a properly licensed
salesperson
The only items that can be added to an advertised price are - (ANSWER)C) Dealer handling and
preparation charges
The license of a motor vehicle salesperson or a powersports salesperson may be denied, revoked, or
suspended on any of the following grounds except: - (ANSWER)D)using point of sale literature in
advertising
A buyer agent may - (ANSWER)be retained or hired by a consumer to assist, represent, or act on behalf
of such
consumer in connection with the purchase or lease of a motor vehicle
Three of the following are deceptive trade practices. Which of the following is not? -
(ANSWER)Delivering goods as promised
A new or used motor vehicle dealer may legally do which of the following with a temporary permit? -
(ANSWER)Issue a permit for a demonstration drive by a consumer
Re federal cash reporting rule requires dealers to file form 83000.... - (ANSWER)15 Days
A new motor vehicle has three of the following characteristics. Which one doesn't it have? - (ANSWER)D)
a title
A dealer wholesaler or salespersons convicted of any felony or any crime.. Has how many days to report
conviction? - (ANSWER)A ) 30 Days
, COLORADO CAR SALES MASTERY EXAM NEWEST ACTUAL EXAM
QUESTIONS AND CORRECT DETAILED ANSWERS ALREADY
GRADED A+
Three of the following are require when a dealer is advertising a lease of a a motor vehicle or
powersports vehicle with a payment amount which one is not required? - (ANSWER)D) disclosing the
cost of leasing versus the cost of purchasing
The definition of a used mother vehicle dealer or used powersports dealer includes which of the
following ? - (ANSWER)A person who attempts to negotiate a sale or lease of a used motor vehicle or
powersports vehicle with the intent to make a profit or gain
A customer's trade- in vehicle on a financed deal may be sold - (ANSWER)D) only when the financing has
been approved
Wholesalers : - (ANSWER)C)must use a name other than their personal name on all business documents
A dealer is required to have on file the licenses of each of their employed salespersons but need not
display them in their place of business - (ANSWER)False
The license of a motor vehicle salesperson or a powersports salesperson may be denied, revoked or
suspended on the following grounds - (ANSWER)D) all of the above
A dealer must take in the title in their own name before selling a car to retail customer - (ANSWER)B)
False
A salesperson can change dealerships during the licensing year provided that the correct form and fee is
submitted to the board such sales person may begin work as a motor vehicle salespersons or
powersports salesperson while awaiting a new license from the board - (ANSWER)B) False
Records of vehicles transfers and odometer statements must be retained for: - (ANSWER)C) 5 year
QUESTIONS AND CORRECT DETAILED ANSWERS ALREADY
GRADED A+
The license of a motor vehicle salesperson or power-sports salesperson may be denied, revoked or
suspended on any of the following grounds except: - (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? - (ANSWER)d) All of the above
Colorado Lemon law covers: - (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? - (ANSWER)d) tax rate
The motor vehicle dealer board is authorized and empowered to: - (ANSWER)D)all of the above
Local law enforcement officers must be notified within ___ hours before or after the repossession of a
motor vehicle occurs: - (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: - (ANSWER)B) they will be open less than 40 hours a week
A dealer may issue a temporary permits for each roadworthy vehicle sold - (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 - (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 - (ANSWER)d)all of the above
,COLORADO CAR SALES MASTERY EXAM NEWEST ACTUAL EXAM
QUESTIONS AND CORRECT DETAILED ANSWERS ALREADY
GRADED A+
Three of the following types of motor vehicles are exempt from the truth in mileage act. Which one is
not exempt? - (ANSWER)B)motor vehicles with out-of-state titles
The motor vehicle dealer board does not have among its members - (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 -
(ANSWER)$1,000
Three of the following are characteristics of an off-premise permit. . Which one is not? - (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? - (ANSWER)B) a dealer shall
clearly indicate on the costumer contract when a vehicle sold "as is" and without a guarantee
When advertising a specific number of motor vehicles that same number of vehicles must have been
invoiced to the dealer - (ANSWER)A)True
Dealers must either be self insured or have insurance for their vehicles - (ANSWER)A)True
In transit plates may be used on motor vehicles - (ANSWER)D) consigned to wholesale auction dealers
for transport from point of purchase to point of storage
When a salesperson leaves a dealer, that dealer must do all of the following except -
(ANSWER)Immediately employ a new salesperson, licensed or not
,COLORADO CAR SALES MASTERY EXAM NEWEST ACTUAL EXAM
QUESTIONS AND CORRECT DETAILED ANSWERS ALREADY
GRADED A+
The license of a new or used dealer, wholesale auction dealer or wholesaler may be denied suspended,
revoked or fined for all of the following grounds except - (ANSWER)Employing a properly licensed
salesperson
The only items that can be added to an advertised price are - (ANSWER)C) Dealer handling and
preparation charges
The license of a motor vehicle salesperson or a powersports salesperson may be denied, revoked, or
suspended on any of the following grounds except: - (ANSWER)D)using point of sale literature in
advertising
A buyer agent may - (ANSWER)be retained or hired by a consumer to assist, represent, or act on behalf
of such
consumer in connection with the purchase or lease of a motor vehicle
Three of the following are deceptive trade practices. Which of the following is not? -
(ANSWER)Delivering goods as promised
A new or used motor vehicle dealer may legally do which of the following with a temporary permit? -
(ANSWER)Issue a permit for a demonstration drive by a consumer
Re federal cash reporting rule requires dealers to file form 83000.... - (ANSWER)15 Days
A new motor vehicle has three of the following characteristics. Which one doesn't it have? - (ANSWER)D)
a title
A dealer wholesaler or salespersons convicted of any felony or any crime.. Has how many days to report
conviction? - (ANSWER)A ) 30 Days
, COLORADO CAR SALES MASTERY EXAM NEWEST ACTUAL EXAM
QUESTIONS AND CORRECT DETAILED ANSWERS ALREADY
GRADED A+
Three of the following are require when a dealer is advertising a lease of a a motor vehicle or
powersports vehicle with a payment amount which one is not required? - (ANSWER)D) disclosing the
cost of leasing versus the cost of purchasing
The definition of a used mother vehicle dealer or used powersports dealer includes which of the
following ? - (ANSWER)A person who attempts to negotiate a sale or lease of a used motor vehicle or
powersports vehicle with the intent to make a profit or gain
A customer's trade- in vehicle on a financed deal may be sold - (ANSWER)D) only when the financing has
been approved
Wholesalers : - (ANSWER)C)must use a name other than their personal name on all business documents
A dealer is required to have on file the licenses of each of their employed salespersons but need not
display them in their place of business - (ANSWER)False
The license of a motor vehicle salesperson or a powersports salesperson may be denied, revoked or
suspended on the following grounds - (ANSWER)D) all of the above
A dealer must take in the title in their own name before selling a car to retail customer - (ANSWER)B)
False
A salesperson can change dealerships during the licensing year provided that the correct form and fee is
submitted to the board such sales person may begin work as a motor vehicle salespersons or
powersports salesperson while awaiting a new license from the board - (ANSWER)B) False
Records of vehicles transfers and odometer statements must be retained for: - (ANSWER)C) 5 year
